Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Friday, 17 November 2017

Northern 3 VCT PLC (UK) - Issue of Equity


Published: 11:00 CET 17-11-2017 /GlobeNewswire /Source: Northern 3 VCT PLC / : NTN /ISIN: GB0031152027

Issue of Equity

17 NOVEMBER 2017






Northern 3 VCT PLC ("the Company") announces that on 17 November 2017 it allotted 3,891,817ordinary shares of 5p each in respect of the offer of new ordinary shares for subscription in the 2017/18 tax year, pursuant to the prospectus published on 21 September 2017 ("the Prospectus").  In accordance with the Pricing Formula set out in the Prospectus, the new ordinary shares were issued at prices between 99.7457 pence per share and 105.9547pence 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 90,004,188 ordinary shares in issue.  The Company does not hold any ordinary shares in treasury.


Application will be made for the new ordinary shares, which will rank pari passu with the existing ordinary shares, to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities, and dealings are expected to commence on 21 November 2017.


As announced on 15 November 2017, the offer of new ordinary shares to raise a total of up to £20 million in the 2017/18 tax year as set out in the Prospectus is now fully subscribed and no further applications will be accepted.


In conformity with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (the "DTRs"), the Company notifies the market that the capital of the Company consists of 90,004,188 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 90,004,188 ("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 DTRs.


Defined terms in this announcement have the same meaning as in the Prospectus.




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 3 VCT PLC, Northumberland House, Princess Square, , Newcastle Upon Tyne, NE1 8ER, , United Kingdom
If you would like to unsubscribe and stop receiving these e-mails click here.