Northern Venture Trust Increases Offer Size for Subscription
Northern Venture Trust PLC has recently decided to increase the size of its offer for subscription, responding to overwhelming investor interest. Originally set to raise £20 million, the Company has now elevated this figure to £30 million for the 2025/2026 tax year. This announcement is a testament to the trust placed in the Company by its shareholders and reflects their enthusiastic response to investment opportunities.
Details of the Offer
This increased offer will reopen for further applications on a date yet to be revealed. Applications are set to be processed on a first-come, first-served basis. This approach ensures that those eager to invest can do so promptly, maximizing their chance to participate in this lucrative opportunity.
To appreciate their loyal shareholders, existing members of the Northern VCTs—along with their spouses or civil partners—will receive a 0.5% reduction in the subscription costs if their applications are accepted. This gesture signifies the Company's commitment to rewarding those who have supported the venture over time.
Subscription Timeline
The offer will remain accessible until 12 noon on 31 March 2026. However, it could close earlier if fully subscribed. The Directors reserve the right to close the offer at any time, so keen investors are encouraged to act swiftly.
Access to the Prospectus
A downloadable version of the prospectus is available for those interested in more detailed information. Investors can obtain a copy from the Company’s registered office or by contacting Mercia Fund Management Limited. This transparency is part of Northern Venture Trust's commitment to keeping shareholders informed about their investment opportunities.
Company Contact Information
For inquiries or further information, interested parties can reach out to Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430. The Company’s registered office is located at Forward House, 17 High Street, Henley-in-Arden B95 5AA.
Frequently Asked Questions
What is the new subscription offer size for Northern Venture Trust?
The subscription offer size has been increased from £20 million to £30 million due to significant investor demand.
When will the new offer reopen for applications?
The offer will reopen for further applications on a date that has yet to be announced.
How will subscriptions be handled?
Subscriptions will be accepted on a first-come, first-served basis to ensure prompt processing for investors.
What benefits do existing shareholders receive?
Existing shareholders who apply will enjoy a 0.5% reduction in subscription costs, reflecting the Company's loyalty towards its investors.
How can I obtain the prospectus?
The prospectus is available for download or can be requested from the Company's registered office by contacting Mercia Fund Management Limited.
