Northern 2 VCT PLC Issue Of Equity
November 29 2013 - 5:22AM
UK Regulatory
TIDMNTV
29 NOVEMBER 2013
NORTHERN 2 VCT PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern 2 VCT PLC ("the Company") announces that on 29 November 2013 it
allotted 3,298,730 ordinary shares of 5p each in respect of the offer of
new ordinary shares for subscription in the 2013/14 tax year pursuant to
the Prospectus published on 31 July 2013. In accordance with the
pricing formula set out in the Prospectus, the new ordinary shares were
issued at prices between 86.83697 pence per share and 90.06305 pence per
share depending on the level of promoter's fee and adviser charge (if
applicable) pertaining to each application.
Following the above allotment, there are 90,959,332 ordinary shares in
issue.
Application will be made at the earliest practicable opportunity for the
new ordinary shares, which will rank pari passu with 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 9 December 2013.
As announced on 30 October 2013, the offer of new ordinary shares to
raise a total of up to GBP15 million in the 2013/14 and 2014/15 tax
years as set out in the Prospectus is now fully subscribed and no
further applications will be accepted. It is intended that new ordinary
shares will be allotted on 7 April 2014 in respect of applications for
the 2014/15 tax year. Admission of the new ordinary shares to be
allotted on 7 April 2014 to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's market for
listed securities is expected to commence by 15 April 2014.
In conformity with the Transparency Directive, the Company notifies the
market that the capital of the Company consists of 90,959,332 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
90,959,332 ("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
FCA's Disclosure Rules and Transparency Rules.
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 NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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 2 VCT PLC via Globenewswire
HUG#1746628
http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
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