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NORTHERN 3 VCT PLC
NORTHERN AIM VCT PLC
26 SEPTEMBER 2011
This announcement is made by Northern AIM VCT PLC (“Northern AIM”) and Northern 3 VCT PLC (“Northern 3”) in connection with the scheme of reconstruction (“Scheme”) in relation to the merger of Northern AIM with Northern 3, details of which were contained in the prospectus issued by Northern 3 and the circulars to shareholders issued by Northern AIM and Northern 3, dated 16 August 2011.
The resolution proposed at the general meeting of Northern AIM held today was duly passed.
In implementing the Scheme, the assets and liabilities of Northern AIM have been transferred to Northern 3, in consideration for the issue of ordinary shares of 5 pence each in the capital of Northern 3 (the “Shares”) as summarised below.
Each Northern AIM shareholder now holds 0.26333028 Shares in respect of each Northern AIM VCT ordinary share they previously held.
The total number of Shares allotted and issued in respect of the Scheme was 5,950,459.
Application has been made for all the Shares issued to be admitted to the Official List and to trading on the main market of the London Stock Exchange. It is expected that admission will become effective and that trading will commence on 27 September 2011.
In conformity with the Transparency Directive, Northern 3 notifies the market that the capital of Northern 3 consists of 46,385,261 ordinary shares with a nominal value of 5p each. All the shares have voting rights.
Northern 3 does not hold any ordinary shares in treasury.
Therefore, the total number of voting rights in Northern 3 is 46,385,261 (the “Figure”).
The Figure may be used by a shareholder or other person as the denominator for the calculations by which he will determine if he is required to notify the voting rights he holds in relation to Northern 3, or a change to those voting rights, under the FSA’s Disclosure Rules and Transparency Rules.
For further enquiries please contact:
Investment Manager for Northern 3 and Northern AIM
NVM Private Equity Limited
Alastair Conn/Christopher Mellor - 0191 244 6000
Neither the contents of the NVM Private Equity Limited website nor the contents of any website accessible from hyperlinks on the NVM Private Equity Limited website (or any other website) is incorporated into, or forms part of, this announcement.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Northern 3 VCT PLC via Thomson Reuters ONE