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LONDON - Northern 2 VCT PLC announced Wednesday that its offer for subscription of new ordinary shares for the 2025/26 tax year is now open to applications, following an initial announcement made on September 17.
The company said applications will be processed on a "first-come, first-served" basis, with the offer scheduled to remain open until noon on March 31, 2026, unless fully subscribed earlier. The directors retain the right to close the offer at any time.
Existing shareholders of any Northern VCT (which includes Northern Venture Trust PLC, Northern 2 VCT PLC, and Northern 3 VCT PLC) who were on the register as of June 16, 2025, along with their spouses or civil partners, will receive a 0.5% reduction in offer costs for their subscriptions.
The first allotment of shares is scheduled for November 25, 2025, with funded applications needing to be received by close of business on November 19 to be included in this initial allocation.
According to the press release, an investment brochure detailing the key features of the offers has been distributed to registered shareholders and is available on the Mercia website, along with a downloadable version of the prospectus.
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