Offer for subscription
September 27 2023 - 3:00AM
Offer for subscription
27 SEPTEMBER
2023
NORTHERN 3 VCT
PLC
OFFER FOR SUBSCRIPTION
Further to the announcement made by Northern 3 VCT PLC (“the
Company”) on 18 September 2023 in conjunction with Northern Venture
Trust PLC and Northern 2 VCT PLC (together with the Company known
as “the Northern VCTs”), in respect of the offers of new ordinary
shares for subscription in the 2023/24 tax year (“the Offers”), the
Company announces that its offer is now open to applications.
Applications for new shares in the Company will be dealt with on
a “first-come, first-served” basis. In recognition of the loyalty
of the Northern VCT shareholders, existing shareholders on the
register of members of any of the Northern VCTs as at 14 June 2023,
along with their spouse or civil partner, whose applications for
shares in any of the Northern VCTs are accepted, will benefit from
a reduction of 0.5% in the offer costs applicable to their
subscription. The Offers will remain open until 12 noon on 28 March
2024, unless fully subscribed at an earlier date and subject to the
Directors’ right to close the Offers at any time. There will be a
first allotment on 7 December 2023 and to be allocated shares in
the first allotment, funded applications must be received by close
of business 30 November 2023.
The investment brochure describing the key features of the
Offers has been sent to registered shareholders, and is also
available from: www.mercia.co.uk/vcts.
A downloadable version of the prospectus relating to the Offers
is available from: www.mercia.co.uk/vcts. Additionally, a copy is
available free of charge, from the Company’s registered office at
Forward House, 17 High Street, Henley-in-Arden B95 5AA or by
calling Mercia on 0330 223 1430.
Enquiries:
Sarah Williams / James Sly, Mercia Fund Management Limited -
0330 223 1430
Website: www.mercia.co.uk/vcts
Neither the contents of the Mercia Asset Management PLC website,
nor the contents of any website accessible from hyperlinks on the
Mercia Asset Management PLC website (or any other website), are
incorporated into, or form part of, this announcement.
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