Northern 3 VCT PLC.
Issue of Equity
3 NOVEMBER 2017
NORTHERN 3 VCT PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern 3 VCT PLC ("the Company") announces that on 3 November 2017 it allotted 16,069,225ordinary 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 99.7456 pence per share and 106.1486pence 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 86,112,371 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 7 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 remains open for subscription until 5 April 2018, unless fully subscribed at an earlier date and subject to the directors' right to close the offer at any time.
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 86,112,371 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 86,112,371 ("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 published on 21 September 2017.
Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northern 3 VCT PLC via Globenewswire