tiprankstipranks
Advertisement
Advertisement

Northern 3 VCT Raises £17.6m in New Share Issue, Lifts Voting Share Capital to 177.8m

Story Highlights
  • Northern 3 VCT raised about £17.6m via a 20.2m-share issue, lifting total shares to 177.8m.
  • The larger capital base bolsters investment capacity while clarifying total voting rights for shareholders and regulators.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Meet Samuel – Your Personal Investing Prophet

Northern 3 VCT ( (GB:NTN) ) has shared an update.

Northern 3 VCT PLC has raised approximately £17.6 million through the allotment of 20,180,102 new ordinary shares as part of its 2025/26 tax-year share offer, with issue prices ranging from 88.92p to 94.38p depending on associated fees. The fundraising increases the company’s share capital to 177,825,109 ordinary shares, all carrying voting rights, and the new shares are expected to begin trading on the London Stock Exchange around 7 April 2026, clarifying the total voting rights figure for shareholder disclosure purposes.

The enlarged capital base strengthens Northern 3 VCT’s capacity to deploy funds into its target portfolio of smaller UK companies, potentially enhancing its scale and market presence within the venture capital trust sector. By confirming the updated total voting rights and affirming that no shares are held in treasury, the company also provides investors and regulators with a clear denominator for transparency and disclosure calculations under FCA rules, supporting orderly trading and governance oversight.

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-oriented companies, aiming to deliver tax-efficient returns under the UK VCT regime. Its shares trade on the London Stock Exchange, and the trust is managed by Mercia Fund Management, part of Mercia Asset Management.

Average Trading Volume: 49,633

Technical Sentiment Signal: Strong Buy

Find detailed analytics on NTN stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1