Northern Venture Tst Offer For Subscription Update

 
TIDMNVT 
 
 
   9 FEBRUARY 2017 
 
   NORTHERN VENTURE TRUST PLC 
 
   OFFER FOR SUBSCRIPTION UPDATE 
 
   Northern Venture Trust PLC (the "Company") announces that the Offer of 
new ordinary shares for subscription in the 2016/17 tax year, launched 
on 7 February 2017 to raise up to GBP4.3 million, is now fully 
subscribed and has closed to new applications. 
 
   Applications were processed on a first come first served basis as set 
out in the Offer Document.  The Company will write to successful 
applicants in the near future to confirm acceptance of their 
applications, subject to clearance of application cheques on 
presentation.  Unsuccessful applicants will be notified as soon as 
possible and will have their application cheques returned. 
 
   The allotment of new ordinary shares in the Company under the Offer is 
expected to take place on 3 April 2017.  The number of new ordinary 
shares to be allocated to each applicant will be determined in 
accordance with the Pricing Formula contained in the Offer Document. 
Dealings in the new ordinary shares issued pursuant to the Offer will 
become effective by 17 April 2017. 
 
   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 Venture Trust PLC via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

February 09, 2017 02:00 ET (07:00 GMT)

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