Northern VCTs top-up share offer to raise up to £19.8 million in the 2018/19 tax year

Northern VCTs top-up share offer to raise up to £19.8 million in the 2018/19 tax year.

The three Northern VCTs (Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC) have each launched top-up share offers, to raise a total of up to £6.6 million each (£19.8 million in aggregate) in the 2018/19 tax year which are now CLOSED for subscriptions.

NVM and the VCT boards are very appreciative of the loyalty of our existing investors and in recognition of this it is intended that each of the Northern VCTs’ shareholders will have priority application rights for any of the offers, on a first come first served basis, for the period from when the offers open at 8.00am on 7 January 2019 until close of business on 21 January 2019. The offer will open to all Applicants (if not already fully subscribed) at 8.00am on 22 January 2019.

To download any of the offer documents click on the buttons below.

  1. Offer document
  2. Application form

To view the Key Information Documents click on the buttons below.

  1. NVT Key Information Document
  2. N2VCT Key Information Document
  3. N3VCT Key Information Document

Cumulative value of applications logged under the offers – Fully Subscribedlast updated 18 January 2019

NVT N2VCT N3VCT TOTAL
Existing shareholders* £6.6m £6.6m £6.6m £19.8m
Remaining Capacity Nil Nil Nil Nil

*Priority will be given until close of business on 21 January 2019 to existing Shareholders (or their spouse or civil partner) who were on the register of members of any of the Companies at the close of business on 14 November 2018, for any of the Offers.

Copies of the Stock Exchange announcements made by each of the Northern VCTs in respect of the share offers can be found at:

  1. NVT announcements
  2. N2VCT announcements
  3. N3VCT announcements

For further information please contact Wendy Arkle at NVM T 0191 244 6024 or E wendy.arkle@nvm.co.uk.

Recorded 20 November 2018 with Wealth Club Ltd.