Northern 3 VCT plc Issue Of Equity

 
TIDMNTN 
 
 
   3 APRIL 2017 
 
   NORTHERN 3 VCT PLC 
 
   ISSUE OF EQUITY AND TOTAL VOTING RIGHTS 
 
   Northern 3 VCT PLC ("the Company") announces that on 3 April 2017 it 
allotted 3,958,863 ordinary shares of 5p each in respect of the Offer of 
new ordinary shares for subscription in the 2016/17 tax year, pursuant 
to the Offer Document published on 6 February 2017.  In accordance with 
the Pricing Formula set out in the Offer Document, the new ordinary 
shares were issued at prices between 107.98991 pence per share and 
111.6878 pence per share depending on the level of Manager's Fee and 
Adviser Charge (if applicable) pertaining to each application. 
 
   Following the above allotment, there are 69,756,833 ordinary shares in 
issue. 
 
   Application will be made at the earliest practicable opportunity for the 
new ordinary shares, which will rank pari passu with the existing 
ordinary shares, to be admitted to the Official List of the UK Listing 
Authority and to trading on the London Stock Exchange's market for 
listed securities, and dealings are expected to commence by 10 April 
2017. 
 
   As announced on 9 February 2017, the offer of new ordinary shares to 
raise a total of up to GBP4.3 million in the 2016/17 year as set out in 
the offer document is now fully subscribed and no further applications 
will be accepted. 
 
   In conformity with the Transparency Directive, the Company notifies the 
market that the capital of the Company consists of 69,756,833 ordinary 
shares with a nominal value of 5p each.  All the ordinary shares have 
voting rights.  The Company does not hold any ordinary shares in 
treasury.  The total number of voting rights in the Company is therefore 
69,756,833 ("the Figure").  The Figure may be used by a shareholder or 
other person as the denominator for the calculations by which he will 
determine if he is required to notify the voting rights he holds in 
relation to the Company, or a change to those voting rights, under the 
Financial Conduct Authority's Disclosure Rules and Transparency Rules. 
 
   Enquiries: 
 
   Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000 
 
   Website:  www.nvm.co.uk 
 
   Neither the contents of the NVM Private Equity LLP website nor the 
contents of any website accessible from hyperlinks on the NVM Private 
Equity LLP website (or any other website) is incorporated into, or forms 
part of, this announcement. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Northern 3 VCT PLC via Globenewswire 
 
 
  http://www.nvm.co.uk/investorarea/northern_3_vct_plc.php

(END) Dow Jones Newswires

April 03, 2017 05:30 ET (09:30 GMT)

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