Northern 3 VCT plc Miscellaneous - Launch Of Linked Top-up Offers

 
TIDMNTN 
 
 
   11 JANUARY 2017 
 
   NORTHERN 3 VCT PLC 
 
   LAUNCH OF LINKED TOP-UP OFFERS 
 
   Northern 3 VCT PLC announces that it intends to launch a top-up offer of 
new ordinary shares for subscription in the 2016/17 tax year, in 
conjunction with similar offers by Northern Venture Trust PLC and 
Northern 2 VCT PLC (together "the Offers").  It is envisaged that the 
Offers will seek to raise a total of up to approximately GBP4.2 million 
(equivalent to EUR5 million at current exchange rates) for each VCT, a 
total fund-raising of GBP12.6 million. 
 
   It is expected that the Offers will open on or around 7 February 2017 
and will close at 5.00pm on 31 March 2017, or earlier if 
fully-subscribed.  A letter has today been sent to registered 
shareholders in each of the Northern VCTs informing them that the Offers 
are to be launched, and full details of the Offers will be contained in 
an offer document which is expected to be published on or around 7 
February 2017. 
 
   Priority will be given to applications from shareholders who are on the 
registers of any of the three Northern VCTs at the close of business on 
Wednesday 11 January 2017.  Priority for existing shareholders will 
expire at the close of business on Friday 17 February 2017, when the 
Offers (if not then fully subscribed) will be made available to the 
general public.  Investors will have the option to invest in any or all 
of the Northern VCTs.  Shares will be allocated on a 
first-come-first-served basis in respect of valid applications, with a 
minimum subscription of GBP6,000 in total and GBP2,000 per VCT. 
 
   Enquiries: 
 
   Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000 
 
   Website:  www.nvm.co.uk 
 
   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. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   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 
 
 
  http://www.nvm.co.uk/investorarea/northern_3_vct_plc.php 
 

(END) Dow Jones Newswires

January 11, 2017 10:00 ET (15:00 GMT)

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