Issue of Equity and Total Voting Rights
December 07 2023 - 5:00AM
Issue of Equity and Total Voting Rights
7 DECEMBER 2023
NORTHERN 3 VCT PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern 3 VCT PLC (“the Company”) announces that on 7 December
2023 it allotted 9,681,062 ordinary shares of 5p each in respect of
the offer of new ordinary shares for subscription in the 2023/24
tax year, pursuant to the prospectus published on 18 September 2023
(the “Prospectus”). In accordance with the Pricing Formula set out
in the Prospectus, the new ordinary shares were issued at prices
between 91.84 pence per share and 96.81 pence per share depending
on the level of Promoter’s Fee and Adviser Charge (if applicable)
pertaining to each application. The aggregate of the subscription
amounts paid to the Company pursuant to the Offer is £8,713,373.56.
Following the above allotment, there are 137,725,406 ordinary
shares in issue.
An 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 Financial Conduct Authority (“the FCA”) and to trading
on the London Stock Exchange’s market for listed securities, and
dealings are expected to commence on or around 14 December
2023.
In conformity with the FCA’s Disclosure Guidance and
Transparency Rules (the “DTRs”), the Company notifies the market
that the capital of the Company consists of 137,725,406 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 137,725,406 (“the Figure”). The Figure may be used by a
shareholder or other person as the denominator for the calculations
by which they will determine if they are required to notify the
voting rights they hold in relation to the Company, or a change to
those voting rights, under the DTRs.
Defined terms in this announcement have the same meaning as in
the Prospectus.
Enquiries:
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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