Northern Venture Trust PLC Acquires Shares in the Market
Northern Venture Trust PLC's Recent Share Acquisition
Northern Venture Trust PLC has made an important move in the market by acquiring shares for cancellation. In a recent announcement, the Company shared that it successfully purchased 1,309,526 ordinary shares of 25p each. This acquisition was made at a price of 57.10p per share, a strategic decision reflecting approximately 0.66% of the Company's issued ordinary share capital.
Current Status of Ordinary Shares
With this new purchase, Northern Venture Trust PLC now has a total of 197,207,946 ordinary shares remaining in issue. This information is crucial for shareholders and potential investors as it provides insight into the capital structure of the Company. Understanding the number of shares in circulation and their impact on voting rights is essential for making informed decisions.
Impact on Voting Rights
All ordinary shares held by Northern Venture Trust PLC carry voting rights. As a result, the total number of voting rights available in the Company stands at 197,207,946. Shareholders can utilize this figure to determine if they need to notify any changes regarding their voting rights in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTRs).
What This Means for Shareholders
This acquisition is not just a routine action; it signifies the Company’s commitment to enhancing shareholder value and transparency in the market. For existing and potential shareholders, the reduction in the number of outstanding shares may lead to increased value per share over time, demonstrating a positive outlook for the Company's future.
Investing with Confidence
Investors looking to engage with Northern Venture Trust PLC can be assured that the Company remains devoted to maintaining a robust capital base. The consistent updates and transparency surrounding share transactions reflect a responsible governance structure aimed at protecting the interests of its shareholders.
Contact Information for Inquiries
For further details or inquiries, shareholders and potential investors can reach out to:
Sarah Williams / James Sly
Mercia Fund Management Limited
0330 223 1430
Frequently Asked Questions
What does the recent share purchase mean for shareholders?
The purchase may enhance shareholder value by reducing the number of outstanding shares, potentially increasing value per share.
How many shares are currently issued by Northern Venture Trust PLC?
There are currently 197,207,946 ordinary shares issued by the Company.
What are the voting rights associated with these shares?
All ordinary shares hold voting rights, totaling 197,207,946 voting rights in the Company.
What is the price at which shares were bought back?
The shares were purchased at a price of 57.10p per share.
Who can I contact for more information regarding this transaction?
For inquiries, you can contact Sarah Williams or James Sly at Mercia Fund Management Limited via phone at 0330 223 1430.
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