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Northern 3 VCT PLC Announces Fundraising Initiative

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Northern 3 VCT PLC Announces Fundraising Initiative

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An announcement from Northern 3 VCT ( (GB:NTN) ) is now available.

Northern 3 VCT PLC, in collaboration with Northern Venture Trust PLC and Northern 2 VCT PLC, plans to launch a joint prospectus offer of new ordinary shares for the 2025/26 tax year, aiming to raise up to £14 million, with an additional £6 million possible through an over-allotment facility. This fundraising initiative, totaling up to £50 million across the Northern VCTs, is subject to shareholder and regulatory approvals and is expected to strengthen the company’s financial position, potentially enhancing its market competitiveness and offering new opportunities for stakeholders.

More about Northern 3 VCT

Average Trading Volume: 122,781

Technical Sentiment Signal: Buy

See more insights into NTN stock on TipRanks’ Stock Analysis page.

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