Northern 2 VCT opens new share subscription offer

Published 01/14/2025, 03:02 AM

LONDON - Northern 2 VCT PLC, part of the Northern VCTs group, has opened its new ordinary shares offer for the 2024/25 tax year to applications, following an announcement made on January 9, 2025, alongside Northern Venture Trust PLC and Northern 3 VCT PLC. The offer, aimed at both new and existing shareholders, will operate on a first-come, first-served basis.

The company has also announced an incentive for existing shareholders. Those on the register as of September 20, 2024, and their spouses or civil partners, will be entitled to a 0.5% reduction in the offer costs upon acceptance of their subscription. This move is seen as a gesture to acknowledge and reward the loyalty of the VCT's current investors.

The subscription window for the new shares is scheduled to close at 12 noon on March 31, 2025. However, the directors reserve the right to close the offers earlier if the subscription is fully taken up before this date. The investment brochure detailing the key features of the offer has been distributed to the registered shareholders according to their preferred mode of communication and is available for the public on the Mercia website.

Interested parties may obtain a downloadable version of the prospectus from the Mercia website or request a free copy from the company's registered office in Henley-in-Arden or by contacting Mercia directly.

This offer represents an opportunity for investors to participate in the Northern VCTs' ventures, although the details of the specific investments or the targeted sectors have not been disclosed in the press release statement. The announcement does not imply any market positioning or future prospects of the company but simply informs about the opening of the subscription offer and the associated terms.

Investors are encouraged to review the prospectus and investment brochure to understand the risks and benefits associated with VCT investments. As always, potential subscribers should consider their own financial position, investment goals, and consult with a financial advisor if necessary before participating in the offer.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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