LONDON - Northern 3 VCT PLC has opened its new shares offer for subscription as of today, following an initial announcement on January 9, 2025. This offer, part of the Northern VCTs, which includes Northern Venture Trust PLC and Northern 2 VCT PLC, is for the 2024/25 tax year and will be available on a first-come, first-served basis.
The company has extended a gesture of appreciation towards its existing shareholders and their spouses or civil partners. Those registered with any of the Northern VCTs as of September 20, 2024, and whose applications are accepted, will receive a 0.5% reduction in the offer costs.
This opportunity for investors to subscribe to new ordinary shares will remain open until 12 noon on March 31, 2025. However, the directors reserve the right to close the offers earlier if fully subscribed.
Interested parties can access the investment brochure, which details the key features of the offers, and a downloadable prospectus via the Mercia website. Shareholders have been sent this information in line with their preferred methods of communication. For those who wish to obtain a physical copy, it is available at no cost from the company's registered office in Henley-in-Arden or by contacting Mercia directly.
This offer is part of Northern 3 VCT PLC's ongoing efforts to provide investment opportunities within the VCT sector, under the current tax year's regulations. The information provided here is based on a press release statement from Northern 3 VCT PLC.
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