Northern 3 VCT PLC Boosts Share Value with Recent Buyback

Northern 3 VCT PLC's Recent Share Purchase Announcement
Northern 3 VCT PLC is engaging with shareholders by announcing an important transaction regarding their ownership. The Company revealed its decision to purchase a total of 638,469 ordinary shares of 5p each for cancellation on 26 September 2025. This strategic move has been executed under an authority granted by the shareholders and demonstrates the Company’s commitment to enhancing shareholder value.
Details of the Share Buyback
The shares were acquired at a price of 83.79p per share, indicating a notable investment in their own stock. This purchase represents about 0.43% of the Company’s total issued ordinary share capital. After this transaction, the total number of ordinary shares remaining in circulation stands at 147,737,417.
Understanding the Share Structure
According to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, Northern 3 VCT PLC's equity consists solely of ordinary shares, each with a nominal value of 5p. Importantly, all these shares carry voting rights, giving shareholders a voice in the company's direction. At this time, the Company does not hold any shares in treasury, meaning all issued shares are available for trading and ownership.
Importance of Voting Rights and Transparency
With the total voting rights in the Company being 147,737,417, shareholders can utilize this figure to determine their voting interest in the Company and any fluctuations in that regard. Such transparency is crucial as it grants the shareholders the knowledge needed to make informed decisions about their investments and to comply with any notification requirements laid out by the DTRs.
Long-Term Shareholder Value
This recent buyback reflects Northern 3 VCT PLC’s determination to actively manage their capital structure and potentially increase their stock’s attractiveness to investors. By reducing the number of shares in circulation, the Company not only aims to improve earnings per share but also to signify a strong belief in its future prospects, which can instill confidence among current and prospective shareholders.
Company Contacts for More Information
For those interested in further details about this buyback or the Company’s strategic direction, Sarah Williams and James Sly from Mercia Fund Management Limited are available for inquiries at 0330 223 1430. They can provide additional insights regarding what this transaction might mean for the shareholders moving forward.
Frequently Asked Questions
What is Northern 3 VCT PLC's recent share transaction?
Northern 3 VCT PLC purchased 638,469 ordinary shares for cancellation at a price of 83.79p each, representing 0.43% of its issued share capital.
What is the current number of shares in Northern 3 VCT PLC?
As of the latest transaction, there are 147,737,417 ordinary shares remaining in circulation.
How does this share buyback affect shareholders?
The share buyback can enhance shareholder value by increasing earnings per share and reducing the total number of shares outstanding.
Who can shareholders contact for more information?
Shareholders can reach out to Sarah Williams or James Sly at Mercia Fund Management Limited at 0330 223 1430 for any queries related to the transaction.
What are voting rights in the context of this announcement?
All ordinary shares have voting rights, allowing shareholders to participate in corporate decisions, and the total voting rights are currently 147,737,417.
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