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Issue of Supplementary Prospectus
Globenewswire· 2025-12-18 12:30
Core Viewpoint - Northern 3 VCT PLC has published a supplementary prospectus to announce an increase in its offer size for new ordinary shares from £20 million to £30 million for the 2025/2026 tax year [2] Group 1: Offer Details - The Company's Offer will be conducted on a "first-come, first-served" basis [3] - Existing shareholders as of 16 June 2025 will receive a 0.5% reduction in offer costs for their subscriptions [3] - The offer will remain open until 12 noon on 31 March 2026, unless fully subscribed earlier [3] Group 2: Regulatory Approval and Availability - The Supplementary Prospectus has been approved by the Financial Conduct Authority [4] - Copies of the Supplementary Prospectus will be available for inspection at the National Storage Mechanism and on the Company's website [4][5]
Proposed increase in size of offer for subscription
Globenewswire· 2025-12-08 11:00
Group 1 - The Company intends to increase the size of the Offer for subscription from £20 million to £30 million due to strong investor demand [1] - The Offers will remain open until 12 noon on 31 March 2026, unless fully subscribed earlier [2] - Existing shareholders as of 16 June 2025 will receive a 0.5% reduction in offer costs for their subscriptions [2] Group 2 - Applications for new shares will be processed on a "first-come, first-served" basis [2] - A downloadable version of the prospectus is available on the Company's website and can also be obtained from the registered office [3] - Enquiries can be directed to Mercia Fund Management Limited for further information [3]
Proposed increase in size of offer for subscription and re-opening of offer for subscription to further applications
Globenewswire· 2025-12-08 11:00
Group 1 - The Company intends to increase the size of the Offer for subscription from £10 million to £20 million due to strong investor demand [1] - The Offer will be reopened for further applications, with a specific date to be announced [1] - Applications for new shares will be processed on a "first-come, first-served" basis [2] Group 2 - Existing shareholders as of 16 June 2025 will receive a 0.5% reduction in offer costs for their subscriptions [2] - The Offers will remain open until 12 noon on 31 March 2026, unless fully subscribed earlier [2] - The Directors reserve the right to close the Offers at any time [2] Group 3 - A downloadable version of the prospectus is available on the Company's website and can also be obtained free of charge from the registered office [3] - Enquiries can be directed to Mercia Fund Management Limited via the provided contact number [3]
Offer Update - utilisation of over-allotment facility
Globenewswire· 2025-11-05 07:00
Group 1 - The Company, along with Northern 2 VCT PLC and Northern 3 VCT PLC, has utilized its over-allotment facility to raise an additional £6.0 million due to strong demand for its shares [1] - The Offers for new ordinary shares will remain open until 12 noon on 31 March 2026, unless fully subscribed earlier, with a first allotment scheduled for 25 November 2025 [2] - Existing shareholders as of 16 June 2025 will receive a 0.5% reduction in offer costs for their subscriptions [2] Group 2 - A downloadable version of the Prospectus is available on the Company's website and can also be obtained free of charge from the registered office [3] - Enquiries regarding the Offers can be directed to Mercia Fund Management Limited [3]
Offer Update - Utilisation of over-allotment facility
Globenewswire· 2025-10-15 06:00
Core Viewpoint - Northern 2 VCT PLC has decided to utilize its over-allotment facility to raise an additional £3.0 million due to strong demand for its shares in the ongoing subscription offers [1]. Group 1 - The Company, along with Northern Venture Trust PLC and Northern 3 VCT PLC, published a prospectus on 17 September 2025 for new ordinary shares for the 2025/26 tax year [1]. - The Offers will remain open until 12 noon on 31 March 2026, unless fully subscribed earlier, with the Directors having the right to close the Offers at any time [2]. - Existing shareholders as of 16 June 2025 will receive a 0.5% reduction in offer costs for their subscriptions [2]. Group 2 - The first allotment of shares is scheduled for 25 November 2025, with applications needing to be received by close of business on 19 November 2025 to qualify [2]. - A downloadable version of the Prospectus is available on the Mercia website, and physical copies can be obtained from the Company's registered office or by calling Mercia [3].
Portfolio Update - The Beauty Tech Group IPO
Globenewswire· 2025-10-03 09:00
Core Insights - The Beauty Tech Group (TBTG) has successfully completed its Initial Public Offering (IPO) on the London Stock Exchange, marking a significant milestone for the company [1] - TBTG operates in the rapidly growing global at-home beauty devices market, with revenues increasing from less than £1 million in 2018 to £101 million for the year ended 31 December 2024 [2] - The IPO values TBTG at approximately £300 million, representing an uplift from the company's previous valuation [3] Company Performance - As of 30 June 2025, the company's holding in TBTG was valued at £6.7 million, accounting for 4.7% of its net asset value [4] - Following the IPO, the company realized £2.4 million of its investment, with the holding now valued at approximately £5.6 million, equivalent to 3.9% of net asset value [4] - The IPO price reflects an uplift of approximately 0.5 pence per share compared to the last published net asset value as of 30 June 2025 [4] Future Outlook - The proceeds from the IPO will provide TBTG with additional capital to accelerate its growth strategy [5] - The Board expresses optimism regarding TBTG's continued success as a listed company [5] - The impact of the IPO on the company's unaudited net asset value per share will be included in the next NAV announcement [5]
Annual Financial Report and Notice of AGM
Globenewswire· 2025-07-25 06:00
Group 1 - The annual report and financial statements of Northern 2 VCT PLC for the year ended 31 March 2025 have been submitted to the National Storage Mechanism [1] - A circular to shareholders, including the notice of the 2025 Annual General Meeting scheduled for 6 August 2025, has also been released [1] - Copies of the Annual Report and the Circular are available on the Company's website [2]