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Wednesday, 8 November 2017

Northern 2 VCT PLC (UK) - Miscellaneous: Offer for subscription update


Published: 16:15 CET 08-11-2017 /GlobeNewswire /Source: Northern 2 VCT PLC / : NTV /ISIN: GB0005356430

Miscellaneous: Offer for subscription update





Further to the announcement made by Northern 2 VCT PLC ("N2VCT") on 22 September 2017 in conjunction with Northern Venture Trust PLC ("NVT") and Northern 3 VCT PLC ("N3VCT") in respect of the offers of new ordinary shares for subscription in the 2017/18 tax year pursuant to the prospectus published on 21 September 2017 ("the Prospectus"), N2VCT announces that its offer of new ordinary shares to raise a total of up to £20 million is now fully subscribed and no further applications will be accepted.  N2VCT allotted 24,818,214 new ordinary shares pursuant to the Prospectus on 3 November 2017 and it is expected that the final allotment of new ordinary shares by N2VCT pursuant to the Prospectus will be completed no later than 17 November 2017.  It is expected that admission of the new ordinary shares to the Official List of the UK Listing Authority will become effective and that dealings in the new ordinary shares on the London Stock Exchange's main market for listed securities will commence three business days after the relevant date of allotment. 

The offers by NVT and N2VCT pursuant to the Prospectus are now fully subscribed having each raised a total of £20 million.  The offer by N3VCT to raise a total of up to £20 million in the 2017/18 tax year remains open for subscription and will close when fully subscribed, but in any case no later than 5 April 2018.


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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Northern 2 VCT PLC, Northumberland House, Princess Square, , Newcastle Upon Tyne, NE1 8ER, , United Kingdom
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