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Northern 3 VCT ( (GB:NTN) ) has shared an announcement.
Northern 3 VCT PLC has confirmed that its latest offer for new ordinary shares, launched for the 2025/26 tax year to raise up to £30 million, is now fully subscribed and closed to further applications. The parallel offers from sister vehicles Northern Venture Trust PLC and Northern 2 VCT PLC have also ceased taking subscriptions, underscoring strong investor demand for venture capital trusts in the current tax year.
The full take-up of the £30 million fundraising enhances Northern 3 VCT’s capacity to deploy fresh capital into its target portfolio of smaller UK companies, potentially strengthening its investment pipeline and long-term returns profile. For existing and new shareholders, the closure of the offer confirms the VCT’s funding plans for the year and signals continued appetite for tax-advantaged investment vehicles despite broader market uncertainty.
More about Northern 3 VCT
Northern 3 VCT PLC is a UK-listed venture capital trust that provides investors with access to a diversified portfolio of smaller, growth-focused companies. It raises capital from private investors through share offers and invests the proceeds in qualifying businesses, aiming to deliver tax-efficient returns while supporting the development of early-stage and expanding enterprises.
Average Trading Volume: 7,094
Technical Sentiment Signal: Strong Buy
Learn more about NTN stock on TipRanks’ Stock Analysis page.