reports
Portfolio Update - The Beauty Tech Group IPO
Portfolio Update - The Beauty Tech Group IPO 3 October 2025 Northern 2 VCT PLC The Beauty Tech Group - Initial Public Offering Northern 2 VCT PLC (“the Company”) is pleased to announce that its largest unquoted holding, The Beauty Tech Group (formerly Project Glow TopCo Limited), has today successfully completed its Initial Public Offering (“IPO”) on the London Stock Exchange. The Beauty Tech Group (“TBTG”) operates in the global at-home beauty devices market, a fast growing area of the global beauty and personal care market. The Company first invested in TBTG in 2018, when the business...
Total voting rights
Total voting rights 30 SEPTEMBER 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 30 September 2025 consists of 239,707,349 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 Company is therefore 239,707,349 (“the Figure”). The Figure may be used by a ...
Transaction in Own Shares
Transaction in Own Shares 29 SEPTEMBER 2025 NORTHERN 2 VCT PLC TRANSACTION IN OWN SHARES Northern 2 VCT PLC (“the Company”) announces that on 26 September 2025 it purchased for cancellation under an existing authority granted by shareholders 1,492,944 ordinary shares of 5p each in the market at a price of 54.06p per share, representing approximately 0.62% of the Company's issued ordinary share capital. There remain 239,707,349 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company notifies th...
Offer for subscription
Offer for subscription 24 SEPTEMBER 2025 NORTHERN 2 VCT PLC OFFER FOR SUBSCRIPTION Further to the announcement made by Northern 2 VCT PLC (“the Company”) on 17 September 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 2025/26 tax year (“the Offers”), the Company announces that its offer is now open to applications. Applications for new shares in the Company will be dealt with on a “first-come, first-served” basis. In recognition of...
Publication of Prospectus
Publication of Prospectus 17 SEPTEMBER 2025 NORTHERN 2 VCT PLC PUBLICATION OF A 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 2025/26 tax year (“the Offers”). The Offers seek to raise a total of £7 million for the Company and £14 million for each of Northern Venture Trust PLC and Northern 3 VCT PLC, with over-al...
Issue of Equity and Total Voting Rights
Issue of Equity and Total Voting Rights 5 SEPTEMBER 2025 NORTHERN 2 VCT PLC ISSUE OF EQUITY AND TOTAL VOTING RIGHTS Northern 2 VCT PLC (“the Company”) announces that on 5 September 2025 it allotted 719,566 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 56.9p per share. Following the above allotment there are 241,200,293 ordinary shares in issue. An application will be made at the earliest practicable opportunity for the new ordinary shares, which will rank pari passu ...
Total voting rights
Total voting rights 1 SEPTEMBER 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 29 August 2025 consisted of 240,480,727 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 Company is therefore 240,480,727 (“the Figure”). The Figure may be used by a sha...
Transaction in Own Shares
Transaction in Own Shares 27 AUGUST 2025 NORTHERN 2 VCT PLC TRANSACTION IN OWN SHARES Northern 2 VCT PLC (“the Company”) announces that on 27 August 2025 it purchased for cancellation under an existing authority granted by shareholders 1,443,640 ordinary shares of 5p each in the market at a price of 54.06p per share, representing approximately 0.6% of the Company's issued ordinary share capital. There remain 240,480,727 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company notifies the marke...
Net Asset Value(s)
Net Asset Value(s) 8 August 2025 NORTHERN 2 VCT PLC UNAUDITED NET ASSET VALUE AS AT 30 JUNE 2025 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 Revenue & Customs as a VCT, the Company is required to comply on a continuing basis with the ...
Result of AGM
Result of AGM 6 AUGUST 2025 NORTHERN 2 VCT PLC RESULT OF ANNUAL GENERAL MEETING Northern 2 VCT PLC (“the Company”) announces that, at the Annual General Meeting held on 6 August 2025, all of the resolutions set out in the notice of the meeting were duly passed by shareholders. The resolutions included those to re-elect as directors Mr Thomas Chambers, Mr David Gravells, Mr Simon Devonshire and Ms Ranjan Ramparia. Ms Cecilia McAnulty did not stand for re-election at the AGM and retired as a director of the Company at the conclusion of the AGM. Whilst Mr Gravells has been re-elected as...
Total voting rights
Total voting rights 31 JULY 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 July 2025 consists of 241,924,367 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 Company is therefore 241,924,367 (“the Figure”). The Figure may be used by a shareholde...
Annual Financial Report and Notice of AGM
Annual Financial Report and Notice of AGM 25 JULY 2025 NORTHERN 2 VCT PLC ANNUAL REPORT AND FINANCIAL STATEMENTS AND NOTICE OF ANNUAL GENERAL MEETING The annual report and financial statements of Northern 2 VCT PLC (“the Company”) for the year ended 31 March 2025 (“the Annual Report”) and a circular to shareholders including the notice of the 2025 Annual General Meeting, to be held on Wednesday 6 August 2025 (“the Circular”) have been submitted to the National Storage Mechanism. Copies of the Annual Report and the Circular are also available on the Company’s website at: Enquiries: ...
Transaction in Own Shares
Transaction in Own Shares 3 JULY 2025 NORTHERN 2 VCT PLC TRANSACTION IN OWN SHARES Northern 2 VCT PLC (“the Company”) announces that on 2 July 2025 it purchased for cancellation under an existing authority granted by shareholders 3,460,241 ordinary shares of 5p each in the market at a price of 55.39p per share, representing approximately 1.41% of the Company's issued ordinary share capital. There remain 241,924,367 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company notifies the market tha...
Total voting rights
Total voting rights 30 JUNE 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 30 June 2025 consists of 245,384,608 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 Company is therefore 245,384,608 (“the Figure”). The Figure may be used by a shareholde...
Annual Report and Financial Statements for the year ended 31 March 202...
Annual Report and Financial Statements for the year ended 31 March 2025 17 June 2025 Northern 2 VCT PLCAnnual Report and Financial Statements for the year ended 31 March 2025 Northern 2 VCT PLC is a Venture Capital Trust (VCT) managed by Mercia Fund Management Limited. 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 31 March 2024): Year ended 31 March2025Year ended 31 March2024Net assets£128.1m£119.5mNet asset v...
Dividend Declaration
Dividend Declaration 17 JUNE 2025 NORTHERN 2 VCT PLC DIVIDEND DECLARATION Northern 2 VCT PLC (“the Company”) is pleased to declare a proposed final dividend of 1.3 pence per ordinary share in respect of the year ended 31 March 2025. Subject to shareholder approval, the final dividend will be paid on 5 September 2025 to shareholders on the register on 8 August 2025. The ex-dividend date is 7 August 2025. The Company operates a dividend investment scheme, which enables shareholders to invest their dividends in new ordinary shares, free of dealing costs and with the benefit of the tax re...
Statement regarding intention to fundraise
Statement regarding intention to fundraise 17 JUNE 2025 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 2025/26 tax year (“the Offer”). It is envisaged that the Offer will seek to raise up to £7 million for the Company. The...
Directorate change
Directorate change 30 MAY 2025 NORTHERN 2 VCT PLC DIRECTOR DECLARATION In accordance with UKLR 6.4.9 (2)R, Northern 2 VCT PLC (“the Company”) announces that Cecilia McAnulty, senior independent director of the Company, will be appointed as a non-executive director of Petershill Partners PLC in the coming months and a further announcement will be made when the appointment is confirmed. The Company also announces that Cecilia McAnulty will be retiring from the Board at this year’s AGM. Enquiries: Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430 Website: The...
Total voting rights
Total voting rights 30 MAY 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 30 May 2025 consists of 245,384,608 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 Company is therefore 245,384,608 (“the Figure”). The Figure may be used by a shareholder ...
Total voting rights
Total voting rights 30 APRIL 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 30 April 2025 consists of 245,384,608 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 Company is therefore 245,384,608 (“the Figure”). The Figure may be used by a sharehol...
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