Statement regarding intention to fund raise
15 Junho 2023 - 11:02AM
Statement regarding intention to fund raise
15 JUNE
2023
NORTHERN VENTURE TRUST PLC
STATEMENT REGARDING INTENTION TO FUND RAISE
Northern Venture Trust PLC (“the Company”) is pleased to
announce that, subject to obtaining the requisite shareholder and
regulatory approvals, it intends, in conjunction with Northern 2
VCT PLC and Northern 3 VCT PLC (together with the Company known as
the “Northern VCTs”), to launch a joint prospectus offer of new
ordinary shares for subscription in the 2023/24 tax year (“the
Offer”). It is envisaged that the Offer will seek to raise up to
£14 million for the Company. The Offer will have an over-allotment
facility, which, if utilised, will seek to raise up to an
additional £6 million for the Company (with a total fund-raising of
up to £60 million across the Northern VCTs, including the
over-allotment facility).
Full details of the Offer will be contained in the prospectus
which is expected to be published in the second half of September
2023.
Enquiries:
Sarah Williams / James Sly, Mercia Fund Management Limited -
0330 223 1430
Website: www.mercia.co.uk/vcts
Neither the contents of the Mercia Asset Management PLC website,
nor the contents of any website accessible from hyperlinks on the
Mercia Asset Management PLC website (or any other website), are
incorporated into, or form part of, this announcement.
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