Exciting Development for Two Investment Firms: Both Northern Venture Trust and Northern 2 VCT Expand Equity and Reframe Voting Rights

Two dynamic investment forces, Northern Venture Trust PLC and Northern 2 VCT PLC, are making headlines with recent announcements concerning the issuance of new shares and the transformation of total voting rights. This twin development, a blend of equity issues and adjusted voting statutes, signals an intriguing era for both companies.

On April 3, 2025, Northern Venture Trust PLC declared the allotment of 24,216,029 ordinary shares, each priced at 25p. These shares were offered for subscription in the 2024/25 tax year under a prospectus published earlier that year. This share issuance, established following a pricing formula in the prospectus, varied between 60.92 and 64.53 pence per share, depending on an accompanying Promoter’s Fee and Adviser Charge. This offering saw full subscription and netted the company a windfall of £14,554,188.46, after a deduction of pertinent fees and Adviser Charges.

These pivotal equity announcements bring changes to both companies’ standing in the market, bringing more opportunities for investors and solidifying their positions as reliable fixtures in the investment terrain. Shareholders and market players can now look forward to an even more promising future with Northern Venture Trust and Northern 2 VCT.