28 FEBRUARY 2025 NORTHERN 2 VCT PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 28 February 2025 consists of 221,294,669 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in...
6 FEBRUARY 2025 NORTHERN 2 VCT PLC UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2024 Northern 2 VCT PLC (“the Company”) is a Venture Capital Trust (“VCT”) launched in 1999 and managed by Mercia Fund Management Limited. The Company’s objective is to provide long-term tax-free returns to investors through a combination of dividend yield and capital growth, by investing in a portfolio of investments mainly comprising unquoted venture capital holdings. In order to maintain approval by HM...
31 JANUARY 2025 NORTHERN 2 VCT PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 31 January 2025 consists of 221,294,669 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in the...
22 JANUARY 2025 NORTHERN 2 VCT PLC DIRECTOR/PDMR DEALINGS Northern 2 VCT PLC (“the Company”) has been notified that in respect of the allotment of new ordinary shares pursuant to the Company’s Dividend Investment Scheme, the following PDMR acquired ordinary shares of 5 pence each in the Company. PDMR Date acquired No. of shares acquired Purchase price per share (£) Total current shareholding Cecilia McAnulty 22 January 2025 2,340 0.5550 164,608 These notifications are made in accordance...
22 JANUARY 2025 NORTHERN 2 VCT PLC ISSUE OF EQUITY AND TOTAL VOTING RIGHTS Northern 2 VCT PLC (“the Company”) announces that on 22 January 2025 it allotted 913,515 ordinary shares of 5p each to shareholders who agreed to subscribe for shares under the terms of the Company’s Dividend Investment Scheme. The subscription price was 55.5p per share. Following the above allotment there are 221,294,669 ordinary shares in issue. An application will be made at the earliest practicable opportunity...
17 JANUARY 2025 NORTHERN 2 VCT PLC TRANSACTION IN OWN SHARES Northern 2 VCT PLC (“the Company”) announces that on 17 January 2025 it purchased for cancellation under an existing authority granted by shareholders 815,198 ordinary shares of 5p each in the market at a price of 52.73p per share, representing approximately 0.37% of the Company's issued ordinary share capital. There remain 220,381,154 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure...
14 JANUARY 2025 NORTHERN 2 VCT PLC OFFER FOR SUBSCRIPTION Further to the announcement made by Northern 2 VCT PLC (“the Company”) on 9 January 2025 in conjunction with Northern Venture Trust PLC and Northern 3 VCT PLC (together with the Company known as “the Northern VCTs”), in respect of the offers of new ordinary shares for subscription in the 2024/25 tax year (“the Offers”), the Company announces that its offer is now open to applications. Applications for new shares in the Company...
9 JANUARY 2025 NORTHERN 2 VCT PLC PUBLICATION OF PROSPECTUS Northern 2 VCT PLC (“the Company”) announces that, in conjunction with Northern Venture Trust PLC and Northern 3 VCT PLC (together with the Company known as “the Northern VCTs” or “the Companies”), it has published a prospectus (“the Prospectus”) in relation to offers of new ordinary shares for subscription in the 2024/25 tax year (“the Offers”). The Offers seek to raise a total of £36 million (£15 million for each...
31 DECEMBER 2024 NORTHERN 2 VCT PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 31 December 2024 consists of 221,196,352 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in...
4 DECEMBER 2024 NORTHERN 2 VCT PLC TRANSACTION IN OWN SHARES Northern 2 VCT PLC (“the Company”) announces that on 3 December 2024 it purchased for cancellation under an existing authority granted by shareholders 1,979,367 ordinary shares of 5p each in the market at a price of 54.34p per share, representing approximately 0.89% of the Company's issued ordinary share capital. There remain 221,196,352 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure...
29 NOVEMBER 2024 NORTHERN 2 VCT PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 29 November 2024 consists of 223,175,719 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in...
21 NOVEMBER 2024 NORTHERN 2 VCT PLC HALF-YEARLY REPORT A copy of Northern 2 VCT PLC’s unaudited half-yearly report for the six months ended 30 September 2024 has been submitted to the National Storage Mechanism. A copy of the report is also available on the Mercia website at www.mercia.co.uk/vcts/n2vct/ 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...
21 NOVEMBER 2024 NORTHERN 2 VCT PLC DIVIDEND DECLARATION Northern 2 VCT PLC (“the Company”) is pleased to declare an interim dividend of 1.7 pence per ordinary share in respect of the year ending 31 March 2025. The interim dividend will be paid on 22 January 2025 to shareholders on the register on 20 December 2024. The ex-dividend date is 19 December 2024. The Company’s dividend investment scheme, which enables shareholders to invest their dividends in new ordinary shares free of dealing...
21 NOVEMBER 2024 NORTHERN 2 VCT PLC UNAUDITED HALF-YEARLY FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024 Northern 2 VCT PLC is a Venture Capital Trust (VCT) managed by Mercia Fund Management Limited (the Manager). It invests mainly in unquoted venture capital holdings and aims to provide long-term tax-free returns to shareholders through a combination of dividend yield and capital growth. Financial highlights (comparative figures as at 30 September 2023 and 31 March 2024) Six months...
31 OCTOBER 2024 NORTHERN 2 VCT PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 31 October 2024 consists of 223,175,719 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in the...
16 OCTOBER 2024 NORTHERN 2 VCT PLC DIRECTOR DECLARATION In accordance with UKLR 6.4.9 R, Northern 2 VCT PLC (“the Company”) announces that Ranjan Ramparia, non-executive director and audit Chair of the Company, has been appointed as a non-executive director of Schroder BSC Social Impact Trust plc with effect from 16 October 2024. There are no additional disclosures required to be made in accordance with UKLR 6.4.9 R of the UK Listing Rules. Enquiries: Sarah Williams / James Sly, Mercia Fund...
4 OCTOBER 2024 NORTHERN 2 VCT PLC DIRECTOR DECLARATION Further to the announcement made on 20 August 2024 and in accordance with UKLR 6.4.9 R, Northern 2 VCT PLC (“the Company”) announces that Ranjan Ramparia, non-executive director and audit Chair of the Company, has not been appointed as a non-executive director of Keystone Positive Change Investment Trust plc (“Keystone”) with effect from 1 October 2024. This is as a result of Keystone’s announcement on 30 September 2024 to propose...
30 SEPTEMBER 2024 NORTHERN 2 VCT PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 30 September 2024 consists of 223,175,719 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in...
26 SEPTEMBER 2024 NORTHERN 2 VCT PLC TRANSACTION IN OWN SHARES Northern 2 VCT PLC (“the Company”) announces that on 25 September 2024 it purchased for cancellation under an existing authority granted by shareholders 598,145 ordinary shares of 5p each in the market at a price of 52.92p per share, representing approximately 0.27% of the Company's issued ordinary share capital. There remain 223,175,719 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure...
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...
