Northern 3 VCT PLC Announces Share Allotment and Total Voting Rights
Overview of Share Allotment
Northern 3 VCT PLC has announced the allotment of 427,793 ordinary shares, each with a value of 5p, to shareholders who participated in the Company’s Dividend Investment Scheme. These new shares were issued at a subscription price of 86.5p each. With this allotment, the total number of ordinary shares now in circulation has reached 147,180,793.
Application for Admission of New Shares
The Company is actively working to ensure that the newly issued ordinary shares will have the same rights as the existing shares. An application will be submitted as soon as possible to have these new shares listed on the Official List of the Financial Conduct Authority (the FCA) and made available for trading on the London Stock Exchange’s market for listed securities. Trading of these shares is expected to begin around the end of August.
Disclosure of Voting Rights
In line with the FCA’s Disclosure Guidance and Transparency Rules (DTRs), the Company informs the market that it currently has a capital structure consisting of 147,180,793 ordinary shares, each with a nominal value of 5p. Each ordinary share carries voting rights, and the Company does not hold any shares in treasury. Therefore, the total number of voting rights within the Company remains at 147,180,793. Shareholders and other interested parties can use this total for any calculations required under the DTRs related to voting rights notifications.
Contact Information
If you have any further questions, please reach out to Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430.
Frequently Asked Questions
What is the purpose of the share allotment by Northern 3 VCT PLC?
The share allotment is part of the Company’s Dividend Investment Scheme, which allows shareholders to acquire additional shares.
What does it mean for new shares to rank pari passu?
When new shares rank pari passu, it indicates that they will have equal rights to existing shares, including voting rights and dividend payments.
What is the total number of shares in circulation after the allotment?
Following the allotment of the new shares, the total number of ordinary shares in circulation is 147,180,793.
What is the role of the FCA in this share issuance?
The FCA oversees the admission of securities for trading on the stock exchange, ensuring adherence to relevant transparency regulations.
Who should be contacted for more information regarding the share issuance?
For further inquiries, you can contact Sarah Williams or James Sly at Mercia Fund Management Limited using the phone number provided.
