Statement regarding intention to fundraise
23/09/2024 10:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240923:nGNE6sjqNt&default-theme=true 23 SEPTEMBER 2024 NORTHERN 2 VCT PLC STATEMENT REGARDING INTENTION TO FUNDRAISE Northern 2 VCT PLC (“the Company”) is pleased to announce that, subject to having the requisite shareholder and regulatory approvals, it intends, in conjunction with Northern Venture Trust PLC and Northern 3 VCT PLC (together with the Company known as the “Northern VCTs”), to launch a joint prospectus offer of new ordinary shares for subscription in the 2024/25 tax year (“the Offer”). It is envisaged that the Offer will seek to raise up to £15 million for the Company, with a total fund-raising of up to £36 million across the Northern VCTs. Full details of the Offer will be contained in the prospectus which is expected to be published in January 2025. Enquiries: Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430 Website: www.mercia.co.uk/vcts The contents of the Mercia Asset Management PLC website and the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website) are not incorporated into, nor form part of, this announcement