Northern 3 VCT Cuts Share Count with Buyback, Updates Voting Rights

The latest update is out from Northern 3 VCT ( (GB:NTN) ).

Northern 3 VCT has bought back and cancelled 1,719,437 of its own ordinary shares at 83.03p per share, equivalent to about 1.08% of its issued share capital, as part of an existing shareholder-approved authority. Following this transaction, the company now has 157,645,007 ordinary shares in issue, all with voting rights, a figure that will be used by investors to assess and disclose their notifiable holdings under UK transparency rules.

The announcement clarifies that Northern 3 VCT holds no shares in treasury, meaning the buyback directly reduces the share count and may marginally enhance net asset value per remaining share. The updated total voting rights figure also provides an important reference point for shareholders and market participants in monitoring ownership thresholds and regulatory disclosure obligations in the venture capital trust sector.

More about Northern 3 VCT

Northern 3 VCT plc is a UK-listed venture capital trust that provides investors with exposure to a portfolio of smaller, growth-focused companies, benefiting from the UK VCT tax-efficient investment regime. It is managed by Mercia Fund Management, part of Mercia Asset Management, which specialises in backing early-stage and growth businesses across regional markets.

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Technical Sentiment Signal: Strong Buy

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