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Northern 2 VCT ( (GB:NTV) ) just unveiled an update.
Northern 2 VCT PLC, along with Northern Venture Trust PLC and Northern 3 VCT PLC, has published a prospectus for new share offers aiming to raise a total of £7 million for Northern 2 VCT and £14 million for each of the other two companies, with additional over-allotment facilities. The offers will open on 24 September 2025 and are structured to benefit existing shareholders with reduced offer costs. Mercia Fund Management Limited, the investment adviser and promoter, will receive fees for its services and cover all related costs. The board considers the transaction fair and reasonable for shareholders.
More about Northern 2 VCT
Northern 2 VCT PLC is part of the Northern VCTs, which also includes Northern Venture Trust PLC and Northern 3 VCT PLC. These companies operate within the venture capital trust industry, focusing on raising funds through offers of new ordinary shares for subscription, primarily targeting investors interested in tax-efficient investment opportunities.
Average Trading Volume: 102,145
Technical Sentiment Signal: Buy
For a thorough assessment of NTV stock, go to TipRanks’ Stock Analysis page.