Northern 2 VCT PLC Issue Of Equity

 
TIDMNTV 
 
 
   3 APRIL 2020 
 
   NORTHERN 2 VCT PLC 
 
   ISSUE OF EQUITY AND TOTAL VOTING RIGHTS 
 
   Northern 2 VCT PLC ("the Company") announces that on 3 April 2020 it 
allotted 24,598,195 ordinary shares of 5p each in respect of the offer 
of new ordinary shares for subscription in the 2019/20 tax year, 
pursuant to the Prospectus published on 10 January 2020 ("the 
Prospectus") and the Supplementary Prospectus published on 31 March 
2020.  In accordance with the Pricing Formula set out in the Prospectus, 
the new ordinary shares were issued at prices between 50.89 pence per 
share and 53.48 pence per share depending on the level of Promoter's Fee 
and Adviser Charge (if applicable) pertaining to each application. The 
aggregate of the subscription amounts paid to the Company pursuant to 
the Offer is GBP12,593,783.34. 
 
   Following the above allotment, there are 163,484,992 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 9 April 2020. 
 
   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 163,484,992 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 163,484,992 
("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. 
 
   Enquiries: 
 
   Simon John/James Bryce, NVM Private Equity LLP -- 0191 244 6000 
 
   Website: 
https://www.globenewswire.com/Tracker?data=kBm2_T8TMb3cMFLr7mD8BjFDp4aMtEr_epWF5LWRjolYlLmcfv3w9vNFsky-A0ZRf9aeoR53JKygZQCU8Q-nUQ== 
www.nvm.co.uk 
 
   Martin Glanfield, Chief Financial Officer, Mercia Asset Management PLC 
-- 0330 223 1430 
 
   Website: 
https://www.globenewswire.com/Tracker?data=kBm2_T8TMb3cMFLr7mD8BlUkVSYUTc6meCbmPnzrQg3-OMal1mo_UowjP0COt66DQ70d-bk4Jcb5y-WNXaj92w== 
www.mercia.co.uk 
 
   Neither the contents of the NVM Private Equity LLP or the Mercia Asset 
Management PLC website,  nor the contents of any website accessible from 
hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC 
website (or any other website), are incorporated into, or forms part of, 
this announcement. 
 
 
 
 

(END) Dow Jones Newswires

April 03, 2020 07:30 ET (11:30 GMT)

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