Northern 3 VCT PLC Reports Update on Net Asset Value Growth
Northern 3 VCT PLC Overview
Northern 3 VCT PLC is a dedicated Venture Capital Trust (VCT) operational since 2001, expertly managed by Mercia Fund Management Limited. The core mission of the Company is to generate long-term, tax-free returns for investors through a well-balanced mix of dividend yields and capital appreciation. The investment strategy focuses on a diversified portfolio, with a significant proportion of holdings in unquoted ventures.
Financial Performance Update
As of June 30, 2025, the unaudited net asset value (NAV) per ordinary share stands at 90.7 pence, showing a modest increase from the previous quarter, which was recorded at 90.0 pence as of March 31, 2025. This slight uptick reflects the Company's ongoing commitment to enhancing shareholder value.
Investment Strategy Insights
In accordance with the stipulations given by HM Revenue & Customs to maintain VCT approval, the Company adheres to the regulatory requirements embedded in Section 274 of the Income Tax Act 2007. These guidelines ensure that the VCT provides substantial returns for its investors while navigating a robust investment landscape.
Portfolio Investments
During the three months concluding on June 30, 2025, the Company allocated £2.5 million into two established portfolio companies. This infusion exemplifies their strategy of bolstering existing investments to drive growth in their portfolio, ensuring that the Company is positioned favorably in the current economic environment.
Exit Strategies
Despite the investments made during this quarter, there were no noteworthy venture capital exit transactions recorded. The absence of significant exits could indicate a focus on nurturing internal growth within the existing portfolio rather than seeking quick returns.
Shareholder Update
The total number of ordinary shares outstanding as of June 30, 2025, is 151,110,646. Notably, six million shares were allotted as part of the Company’s public share offering for 2024/25 during the last quarter, signaling confidence in the Company’s operational strategies and financial future.
Contact and Further Information
For any inquiries, shareholders and potential investors can reach out to Sarah Williams or James Sly at Mercia Fund Management Ltd by calling 0330 223 1430. For additional information, the official Mercia Fund Management website provides extensive resources related to their venture capital activities.
Frequently Asked Questions
What is the current net asset value of Northern 3 VCT PLC?
The current net asset value per ordinary share is 90.7 pence as of June 30, 2025.
How much was invested in new portfolio companies?
During the quarter, £2.5 million was invested in two existing portfolio companies.
Were there any significant investment exits this quarter?
There were no significant venture capital investment exits during this quarter.
What is the total number of ordinary shares currently in issue?
As of June 30, 2025, there are 151,110,646 ordinary shares in issue.
How can I contact Mercia Fund Management for more information?
For inquiries, you can contact Sarah Williams or James Sly at Mercia Fund Management Ltd at 0330 223 1430.
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