Northern Venture Trust Secures Full Subscription for Shares

Author: Logan Wright Updated: 03-18-2025 10:01 AM

Northern Venture Trust PLC Offers Subscription Update

Northern Venture Trust PLC has announced an important development regarding its offer for new ordinary shares aimed at raising significant capital. Recently, the company confirmed that its subscription offer had achieved full subscription status, effectively reaching its goal of raising up to £15 million. Effective immediately, no further applications will be entertained for this subscription.

Subscription Details and Timeline

This announcement draws from the earlier communication made by Northern Venture Trust PLC on the collaboration with Northern 2 VCT PLC and Northern 3 VCT PLC. The initiative is part of the offers for the 2024/25 tax year which aimed to provide investment opportunities to enhance financial growth.

Closing of Applications for Northern 3 VCT PLC

It’s noteworthy that the offer from Northern 3 VCT PLC, targeting a total fundraise of £6 million, has officially closed for applications. Various investors engaged with this offering, but as of now, no additional applications will be processed.

Northern 2 VCT PLC Remains Open

On a different note, the offer from Northern 2 VCT PLC, also aiming to raise £15 million in the current tax year, is still available for subscription. This offer will remain open until it reaches full subscription or until the specified deadline, which is set for 12 noon on a specified date. However, the Directors retain the discretion to close this opportunity at any earlier moment if necessary.

Contact Information for Investors

For those interested in more information or inquiries regarding this offer, Sarah Williams and James Sly from Mercia Fund Management Limited are available for assistance. They can be reached at 0330 223 1430.

Accessing More Information About Mercia

Additional details and offerings provided by Mercia Fund Management can be explored on their website, which serves as a valuable resource for investors seeking opportunities within the VCT space.

Frequently Asked Questions

What is the main update from Northern Venture Trust PLC?

Northern Venture Trust PLC has successfully reached full subscription for its new ordinary shares aiming to raise £15 million.

Who are the key contacts for this subscription offer?

Sarah Williams and James Sly from Mercia Fund Management Limited are the main contacts for inquiries regarding this offer.

Is Northern 3 VCT PLC's offer still open?

No, the subscription offer from Northern 3 VCT PLC has officially closed for applications.

When does the Northern 2 VCT PLC offer close?

The offer from Northern 2 VCT PLC will remain open until fully subscribed or until a specified deadline.

How can I learn more about Mercia Fund Management?

Investors can visit Mercia’s official website to explore further details and investment options.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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