Northern 3 VCT PLC.
8 MARCH 2012
NORTHERN 3 VCT PLC
TOP-UP SHARE OFFER UPDATE
Northern 3 VCT PLC ("the Company") announces that the top-up offer of new ordinary shares to raise up to £2,000,000 (before expenses) in the 2011/12 tax year which was launched on 21 February 2012 ("the Offer") is now fully subscribed and no further applications will be accepted.
As previously announced, 2,018,867 new ordinary shares have been allotted by the Company pursuant to the Offer at a price of 99p per share with total subscription proceeds of £1,998,678.
The Company intends to launch a further top-up offer on 23 March 2012 to raise up to £1,600,000 in the 2011/12 tax year. It is expected that the new offer will be on substantially the same terms as the Offer.
Christopher Mellor/Alastair Conn, NVM Private Equity Limited - 0191 244 6000
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Source: Northern 3 VCT PLC via Thomson Reuters ONE