TIDMNTV 
 
10 JANUARY 2013 
 
NORTHERN 2 VCT PLC 
 
ISSUE OF LINKED OFFER DOCUMENT 
 
Further to the announcement made on 21 November 2012, Northern 2 VCT PLC 
("Northern 2") announces in conjunction with Northern Venture Trust PLC ("NVT") 
the issue of an offer document in respect of Offers of new ordinary shares for 
subscription in the 2012/13 and 2013/14 tax years ("the Offers").  The Offers 
seek to raise a total of up to  GBP4,000,000 (before expenses) for each of NVT and 
Northern 2 by the issue of ordinary shares at an initial issue price ("Initial 
Offer Price") for NVT of 91.4p per share and for Northern 2 of 82.1p per share. 
 
Under the terms of the Offers, the Initial Offer Price will be calculated using 
a formula based on the latest published net asset value of each of NVT and 
Northern 2 respectively adjusted for any dividends declared but not yet paid, 
divided by 0.965 to allow for issue costs of 3.5% of the amount raised under the 
Offers.  The pricing of the Offers may be adjusted in accordance with a pricing 
formula which takes into account the latest published net asset values of NVT 
and Northern 2 respectively, together with the level of adviser charges, 
commission waived and a loyalty bonus applicable to existing shareholders in 
NVT, Northern 2 and Northern 3 VCT PLC.  It is not expected that either NVT or 
Northern 2 will announce an updated net asset value during the period of the 
Offers but should this become necessary then the pricing of the Offers in 
respect of any new shares not already allotted will be adjusted accordingly. 
 
The amounts being raised by each of NVT and Northern 2 fall within the Euros 
5,000,000 limit specified by the Prospectus Regulation for share issues where a 
full prospectus is not required to be published, after taking account of shares 
offered for subscription within the previous 12 months. 
 
The Offers opened on 10 January 2013 and will close no later than 5.00pm on 5 
April 2013 for the 2012/13 tax year and 5.00pm on 15 April 2013 for the 2013/14 
tax year, unless previously extended. 
 
Copies of the offer document, including an application form, can be downloaded 
from the NVM Private Equity Limited website at http://www.nvm.co.uk/vctoffer, or 
can be requested by telephoning NVM Private Equity Limited on 0191 244 6000 or 
by emailing vct@nvm.co.uk. 
 
Enquiries: 
 
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000 
Website:  www.nvm.co.uk 
 
Neither the contents of the NVM Private Equity Limited website nor the contents 
of any website accessible from hyperlinks on the NVM Private Equity Limited 
website (or any other website) is incorporated into, or forms part of, this 
announcement. 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Northern 2 VCT PLC via Thomson Reuters ONE 
[HUG#1669539]
Northern 2 Vct (LSE:NTV)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Northern 2 Vct Charts.
Northern 2 Vct (LSE:NTV)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Northern 2 Vct Charts.