News Insights

Northern 3 VCT PLC, managed by Mercia Fund Management Limited, has reported its unaudited net asset value (NAV) as of December 31, 2024, which stands at 90.5 pence per ordinary share, up from 88.5 pence as of September 30, 2024. This increase in NAV is indicative of the company's strong performance in its investment portfolio of mainly unquoted venture capital holdings. Additionally, the NAV figure is stated before the recently declared interim dividend of 2.0 pence per share, paid to shareholders on January 22, 2025.

In corporate actions, the company reported the issuance of 381,557 new ordinary shares at a subscription price of 86.5 pence each under its Dividend Investment Scheme. This increases the total number of ordinary shares to 145,776,866. Moreover, as part of its management strategy, Northern 3 VCT purchased 341,384 ordinary shares for cancellation, accounting for approximately 0.23% of its issued share capital. With these developments, the current number of voting rights stands at 145,395,309 ordinary shares, ensuring compliance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.