Northern 3 VCT PLC Announces Share Purchase for Cancellation

Author: Evelyn Baker Updated: 08-27-2025 08:19 AM

Northern 3 VCT PLC's Strategic Share Purchase Announcement

Northern 3 VCT PLC recently shared exciting news regarding its own share transactions. The company has successfully purchased 1,030,604 ordinary shares for cancellation, reflecting a proactive approach to managing its share capital. This strategic move was executed under the authority given by shareholders. With the purchase price set at 83.79p per share, this acquisition accounts for about 0.69% of the company's issued ordinary share capital.

Current Issued Share Capital and Voting Rights

As it stands, Northern 3 VCT PLC has a total of 147,903,403 ordinary shares in circulation. Each of these shares has a nominal value of 5p, contributing to the total capital structure. Importantly, all ordinary shares are granted voting rights, ensuring that shareholders remain involved in the company's governance. Notably, the company does not keep any ordinary shares in treasury.

Understanding Voting Calculation for Shareholders

The total number of voting rights available in Northern 3 VCT PLC now stands at 147,903,403. This figure is not merely a statistic; it serves as a critical denominator for shareholders and other stakeholders. It enables them to determine their voting rights related to the company and any changes that may occur. Transparent reporting in line with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTRs) enhances shareholder confidence.

Implications of Share Cancellation

The decision to cancel shares reflects a thoughtful strategy aimed at benefiting shareholders. By reducing the number of shares in circulation, Northern 3 VCT PLC can potentially improve earnings per share (EPS), which is often a key metric for investors. This action may signal robust financial health and an effort to return value to shareholders.

Investor Considerations Post-Transaction

Investors should note how this share buyback may impact their investments over time. Share cancellations can influence market perceptions and stock performance. It is essential for shareholders to stay informed about the company's strategies and performance, especially following such significant transactions.

Management Contact Information

For more information, investors and interested parties can reach out to the management team at Mercia Fund Management Limited. Sarah Williams or James Sly is available for inquiries at 0330 223 1430. They can provide insights and details regarding the recent transactions and overall company performance.

Frequently Asked Questions

What was the purpose of Northern 3 VCT PLC's recent share purchase?

The share purchase aimed to cancel shares, which can enhance shareholder value and potentially improve earnings per share.

How does the share cancellation affect current shareholders?

By reducing the number of shares in circulation, the cancellation could lead to a higher earnings per share, benefiting existing shareholders.

Who can I contact for more information on this transaction?

Inquiries can be made through Sarah Williams or James Sly at Mercia Fund Management Limited, reachable at 0330 223 1430.

What is the significance of the voting rights figure provided?

This figure represents the total voting rights available to shareholders, which is crucial for determining their influence within the company.

Are the shares held in treasury by Northern 3 VCT PLC?

No, Northern 3 VCT PLC does not hold any ordinary shares in treasury.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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