Northern Venture Trust PLC.
Issue of Equity
3 APRIL 2017
NORTHERN VENTURE TRUST PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern Venture Trust PLC ("the Company") announces that on 3 April 2017 it allotted 5,409,557 ordinary shares of 25p each in respect of the Offer of new ordinary shares for subscription in the 2016/17 tax year, pursuant to the Offer Document published on 6 February 2017. In accordance with the Pricing Formula set out in the Offer Document, the new ordinary shares were issued at prices between 79.18588 pence per share and 81.89614 pence per share depending on the level of Manager's Fee and Adviser Charge (if applicable) pertaining to each application.
Following the above allotment, there are 102,619,252 ordinary shares in issue.
Application will be made at the earliest practicable opportunity 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 market for listed securities, and dealings are expected to commence by 10 April 2017.
As announced on 9 February 2017, the offer of new ordinary shares to raise a total of up to £4.3 million in the 2016/17 year as set out in the offer document is now fully subscribed and no further applications will be accepted.
In conformity with the Transparency Directive, the Company notifies the market that the capital of the Company consists of 102,619,252 ordinary shares with a nominal value of 25p 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 102,619,252 ("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 Financial Conduct Authority's Disclosure Rules and Transparency Rules.
Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000
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.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northern Venture Trust PLC via Globenewswire