Merger Update

 
TIDMNNA 
 
JOINT ANNOUNCEMENT 
 
NORTHERN 3 VCT PLC 
NORTHERN AIM VCT PLC 
 
26 SEPTEMBER 2011 
 
MERGER UPDATE 
 
This announcement is made by Northern AIM VCT PLC ("Northern AIM") and Northern 
3 VCT PLC ("Northern 3") in connection with the scheme of reconstruction 
("Scheme") in relation to the merger of Northern AIM with Northern 3, details of 
which were contained in the prospectus issued by Northern 3 and the circulars to 
shareholders issued by Northern AIM and Northern 3, dated 16 August 2011. 
 
The resolution proposed at the general meeting of Northern AIM held today was 
duly passed. 
 
In implementing the Scheme, the assets and liabilities of Northern AIM have been 
transferred to Northern 3, in consideration for the issue of ordinary shares of 
5 pence each in the capital of Northern 3 (the "Shares") as summarised below. 
 
Each Northern AIM shareholder now holds 0.26333028 Shares in respect of each 
Northern AIM VCT ordinary share they previously held. 
 
The total number of Shares allotted and issued in respect of the Scheme was 
5,950,459. 
 
Application has been made for all the Shares issued to be admitted to the 
Official List and to trading on the main market of the London Stock Exchange. 
It is expected that admission will become effective and that trading will 
commence on 27 September 2011. 
 
In conformity with the Transparency Directive, Northern 3 notifies the market 
that the capital of Northern 3 consists of 46,385,261 ordinary shares with a 
nominal value of 5p each.  All the shares have voting rights. 
 
 
 
Northern 3 does not hold any ordinary shares in treasury. 
 
 
 
Therefore, the total number of voting rights in Northern 3 is 46,385,261 (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 Northern 3, or a change to those voting 
rights, under the FSA's Disclosure Rules and Transparency Rules. 
 
 
For further enquiries please contact: 
 
Investment Manager for Northern 3 and Northern AIM 
NVM Private Equity Limited 
Alastair Conn/Christopher Mellor - 0191 244 6000 
Website: www.nvm.co.uk 
 
Neither the contents of the NVM Private Equity Limited website nor the contents 
of any website accessible from hyperlinks on the NVM Private Equity Limited 
website (or any other website) is incorporated into, or forms part of, this 
announcement. 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Northern AIM VCT PLC via Thomson Reuters ONE 
 
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