LONDON - Northern Venture Trust PLC has announced the opening of its new ordinary shares offer for subscription for the 2024/25 tax year, as of today. This follows a prior notice on January 9, 2025, in collaboration with Northern 2 VCT PLC and Northern 3 VCT PLC, collectively known as the Northern VCTs.
The offer is available on a first-come, first-served basis and is intended to acknowledge the commitment of current shareholders. Shareholders registered as of September 20, 2024, along with their spouses or civil partners, are eligible for a 0.5% reduction in offer costs on accepted applications.
The subscription window is set to close at noon on March 31, 2025, but may end sooner if the offer is fully subscribed or at the discretion of the company's directors. The investment brochure detailing the offer's key features has been distributed to shareholders, and is also accessible online at the Mercia website, where the prospectus can be downloaded. Physical copies of the prospectus are available at no charge from the company's registered office or by contacting Mercia.
The announcement is based on a press release statement from Northern Venture Trust PLC.
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