Northern 2 VCT PLC Publication Of Prospectus

 
TIDMNTV 
 
 
   22 SEPTEMBER 2017 
 
   NORTHERN 2 VCT PLC 
 
   OFFER FOR SUBSCRIPTION 
 
   Northern 2 VCT PLC ("the Company") announces that in conjunction with 
Northern Venture Trust PLC and Northern 3 VCT PLC (together with the 
Company known as "the Northern VCTs"), it has published a Prospectus in 
relation to offers of new ordinary shares for subscription in the 
2017/18 tax year ("the Offers").  The Offers seek to raise a total of 
GBP20 million in each of the Northern VCTs. 
 
   Applications for the new shares will be considered on a first come first 
served basis.  However, applications from shareholders on the Company's 
register of members as at the close of business on 25 July 2017 will 
have priority until 13 October 2017.  Further details of the shareholder 
priority arrangements are set out in the Prospectus.  Investors will be 
permitted to make applications for shares in any or all of the Northern 
VCTs.  The Offers will remain open until 5 April 2018, unless fully 
subscribed at an earlier date and subject to the directors' right to 
close the Offers at any time. 
 
   An information memorandum describing the key features of the Offers and 
an application form will be posted to registered shareholders as soon as 
possible and are also available from www.nvm.co.uk. 
 
   A downloadable version of the Prospectus is available from 
www.nvm.co.uk. 
 
   A copy of the Prospectus is available, free of charge, from the 
Company's registered office at Time Central, 32 Gallowgate, Newcastle 
upon Tyne, NE1 4SN or by calling NVM Private Equity LLP on 0191 244 
6000. 
 
   In accordance with the Listing Rules, the Prospectus has been submitted 
to the National Storage Mechanism and will shortly be available for 
inspection at www.morningstar.co.uk/uk/NSM. 
 
   CHANGE TO THE COMPANY'S INVESTMENT POLICY 
 
   On 18 September 2017 the Company made a non-material change to its 
investment policy to incorporate the following statement regarding the 
Company's co-investment scheme: "The Company operates a co-investment 
scheme under which the Manager's investment executives are required to 
co-invest with them in all new VCT-qualifying investments". The revised 
investment policy incorporating this non-material change has been 
published in full in the Prospectus, as has a summary of the terms of 
the co-investment scheme. 
 
   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 2 VCT PLC via Globenewswire 
 
 
  http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php 
 

(END) Dow Jones Newswires

September 22, 2017 04:30 ET (08:30 GMT)

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