Northern 3 VCT PLC.
30 MARCH 2011
NORTHERN 3 VCT PLC
LINKED TOP-UP OFFER UPDATE
Northern 3 VCT PLC ("Northern 3") announces that the linked top-up offer of new ordinary shares in conjunction with Northern 2 VCT PLC ("Northern 2") to raise up to £3,150,000 in the 2010/11 tax year which was launched on 23 February 2011("the Offer") is now fully subscribed and no further applications will be accepted.
As previously announced, 2,234,042 new ordinary shares have been allotted by Northern 3 pursuant to the Offer at a price of 94p per share with total subscription proceeds for Northern 3 of £2,099,999.48 and 1,278,565 new ordinary shares have been allotted by Northern 2 pursuant to the Offer at a price of 82p per share with total subscription proceeds for Northern 2 of £1,048,423.30.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
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information contained therein.
Source: Northern 3 VCT PLC via Thomson Reuters ONE