Northern 2 VCT PLC Statement Regarding Intention To Fund Raise
15 Junio 2023 - 9:02AM
UK Regulatory
TIDMNTV
15 JUNE 2023
NORTHERN 2 VCT PLC
STATEMENT REGARDING INTENTION TO FUND RAISE
Northern 2 VCT PLC ("the Company") is pleased to announce that,
subject to obtaining the requisite shareholder and regulatory
approvals, it intends, in conjunction with Northern Venture Trust
PLC and Northern 3 VCT PLC (together with the Company known as the
"Northern VCTs"), to launch a joint prospectus offer of new
ordinary shares for subscription in the 2023/24 tax year ("the
Offer"). It is envisaged that the Offer will seek to raise up to
GBP14 million for the Company. The Offer will have an
over-allotment facility, which, if utilised, will seek to raise up
to an additional GBP6 million for the Company (with a total
fund-raising of up to GBP60 million across the Northern VCTs,
including the over-allotment facility).
Full details of the Offer will be contained in the prospectus
which is expected to be published in the second half of September
2023.
Enquiries:
Sarah Williams / James Sly, Mercia Fund Management Limited -
0330 223 1430
Website: www.mercia.co.uk/vcts
The contents of the Mercia Asset Management PLC website and the
contents of any website accessible from hyperlinks on the Mercia
Asset Management PLC website (or any other website) are not
incorporated into, nor form part of, this announcement.
(END) Dow Jones Newswires
June 15, 2023 10:02 ET (14:02 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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