Northern Venture Trust PLC Equity Allotment Announcement
Northern Venture Trust PLC (“the Company”) has announced the allotment of 908,739 ordinary shares, each with a nominal value of 25p, to shareholders who participated in the Dividend Investment Scheme. The subscription price for these shares was established at 57.9p each. With this latest allotment, the total number of ordinary shares issued by the Company has reached 200,907,847.
Admission of New Shares
The Company is working to ensure that the newly allotted ordinary shares are admitted to the Official List of the Financial Conduct Authority (“the FCA”) as soon as possible. Additionally, these shares will be made available for trading on the London Stock Exchange's market for listed securities. Trading is expected to begin around the end of this month.
Total Capital and Voting Rights
In accordance with the FCA’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company has informed the market that its capital consists of 200,907,847 ordinary shares, each valued at 25p. It is important to note that all ordinary shares carry voting rights, and the Company does not hold any treasury shares. Therefore, the total number of voting rights available in the Company is also 200,907,847 (“the Figure”). This number serves as a reference for shareholders and others to determine if they need to report any changes in their voting rights regarding the Company's shares, as required by the DTRs.
Enquiries and Further Information
For any questions related to this announcement, shareholders are encouraged to contact Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430. The Company is dedicated to keeping its stakeholders informed about important developments.
Frequently Asked Questions
What does the recent allotment of shares signify?
The allotment signifies that Northern Venture Trust PLC has given shareholders the chance to enhance their investment through the Dividend Investment Scheme.
When will the new shares begin trading?
Trading for the newly allotted shares is anticipated to start on or around the end of this month.
What are the total voting rights for ordinary shares?
The total voting rights for the ordinary shares stand at 200,907,847, according to the latest disclosures.
How is the subscription price for new shares determined?
The subscription price is set based on the Company's established pricing mechanisms, reflecting current market conditions and shareholder interest.
Who can shareholders contact for queries regarding the share allotment?
Shareholders can contact Sarah Williams or James Sly at Mercia Fund Management Limited for any inquiries related to this announcement.
