Northern 2 VCT PLC Miscellaneous: Suspension Of Dividend Investment Scheme
July 16 2015 - 7:00AM
UK Regulatory
TIDMNTV
16 JULY 2015
NORTHERN 2 VCT PLC
SUSPENSION OF DIVIDEND INVESTMENT SCHEME
Northern 2 VCT PLC ("the Company") announces that following the
publication of the Government's Summer Budget 2015, which includes
proposed restrictions on the types of new investments which may in
future be treated by VCTs as qualifying holdings, the Company's Dividend
Investment Scheme ("DRIS") has been suspended with immediate effect
pending further consideration by the directors of the possible impact of
the proposals on the Company's future investment activities.
Consequently the Company will not be issuing new ordinary shares on 24
July 2015 to those shareholders who had elected to participate in the
DRIS by re-investing the proceeds of the dividends which will be paid by
the Company on that date. These shareholders will instead receive their
dividends in cash as if they had not elected to participate in the DRIS.
The Company has sent a letter to all shareholders today notifying them
of the suspension of the DRIS.
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 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#1939277
http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
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