reports
Director Declaration
Director Declaration 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 a scheme of reconstruction to its shareholders. There are no additional disclosur...
Total voting rights
Total voting rights 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 the Company is therefore 223,175,719 (“the Figure”). The Figure may be used by a ...
Transaction in Own Shares
Transaction in Own Shares 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 Guidance and Transparency Rules (the “DTRs”), the Company notifies the ...
Statement regarding intention to fundraise
Statement regarding intention to fundraise 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 the Offer will seek to raise up to £15 million for the ...
Total voting rights
Total voting rights 30 AUGUST 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 August 2024 consists of 223,773,864 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 223,773,864 (“the Figure”). The Figure may be used by a shareh...
Director/PDMR Dealings
Director/PDMR Dealings 23 AUGUST 2024 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. PDMRDate acquiredNo. of shares acquiredPurchase priceper share (£)Total currentshareholdingCecilia McAnulty23 August 20241,1320.5570162,268 These notifications are made in accordance with the Market Abuse Regulations. 1Details of the person discharging managerial responsibi...
Issue of Equity and Total Voting Rights
Issue of Equity and Total Voting Rights 23 AUGUST 2024 NORTHERN 2 VCT PLC ISSUE OF EQUITY AND TOTAL VOTING RIGHTS Northern 2 VCT PLC (“the Company”) announces that on 23 August 2024 it allotted 662,290 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 55.7p per share. Following the above allotment there are 223,773,864 ordinary shares in issue. An application will be made at the earliest practicable opportunity for the new ordinary shares, which will rank pari passu with...
Director Declaration
Director Declaration 20 AUGUST 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, will be appointed as a non-executive director of Keystone Positive Change Investment Trust plc with effect from 1 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 Management Limited - 0330 223 1430 Website: The contents of the ...
Transaction in Own Shares
Transaction in Own Shares 12 AUGUST 2024 NORTHERN 2 VCT PLC TRANSACTION IN OWN SHARES Northern 2 VCT PLC (“the Company”) announces that on 12 August 2024 it purchased for cancellation under an existing authority granted by shareholders 782,233 ordinary shares of 5p each in the market at a price of 52.92p per share, representing approximately 0.35% of the Company's issued ordinary share capital. There remain 223,111,574 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company notifies the market...
Net Asset Value
Net Asset Value 2 AUGUST 2024 NORTHERN 2 VCT PLC UNAUDITED NET ASSET VALUE AS AT 30 JUNE 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 Revenue & Customs as a VCT, the Company is required to comply on a continuing basis with the pro...
Result of AGM
Result of AGM 31 JULY 2024 NORTHERN 2 VCT PLC RESULT OF ANNUAL GENERAL MEETING Northern 2 VCT PLC (“the Company”) announces that at the Annual General Meeting held on 31 July 2024 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 David Gravells, Mr Simon Devonshire, Ms Cecilia McAnulty and Ms Ranjan Ramparia and to elect as a director Mr Thomas Chambers who was appointed to the Board on 19 June 2024. A copy of the resolutions proposed and passed has been submitted to the National Sto...
Total voting rights
Total voting rights 31 JULY 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 July 2024 consists of 223,893,807 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 223,893,807 (“the Figure”). The Figure may be used by a shareholde...
Transaction in Own Shares
Transaction in Own Shares 5 JULY 2024 NORTHERN 2 VCT PLC TRANSACTION IN OWN SHARES Northern 2 VCT PLC (“the Company”) announces that on 4 July 2024 it purchased for cancellation under an existing authority granted by shareholders 2,157,968 ordinary shares of 5p each in the market at a price of 54.44p per share, representing approximately 0.95% of the Company's issued ordinary share capital. There remain 223,893,807 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...
Annual Report and Notice of AGM
Annual Report and Notice of AGM 28 JUNE 2024 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 2024 (“the Annual Report”) and a circular to shareholders including the notice of the 2024 Annual General Meeting, to be held on Wednesday 31 July 2024 (“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: Sarah Willia...
Total voting rights
Total voting rights 28 JUNE 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 28 June 2024 consists of 226,051,775 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 226,051,775 (“the Figure”). The Figure may be used by a shareholde...
Dividend Declaration
Dividend Declaration 18 JUNE 2024 NORTHERN 2 VCT PLC DIVIDEND DECLARATION Northern 2 VCT PLC (“the Company”) is pleased to declare a proposed final dividend of 1.2 pence per ordinary share in respect of the year ended 31 March 2024. Subject to shareholder approval, the final dividend will be paid on 23 August 2024 to shareholders on the register on 26 July 2024. The ex-dividend date is 25 July 2024. 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 reliefs...
ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 18 JUNE 2024 NORTHERN 2 VCT PLC ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Northern 2 VCT PLC is a Venture Capital Trust (VCT) managed by Mercia Fund Management Limited. It invests mainly in unquoted venture capital holdings in growing UK companies 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 2023): Year ended Year ended 31 March 31 March 20242023 Net assets £119.5m£109.6m ...
INTENDED NON-EXECUTIVE DIRECTOR APPOINTMENT
INTENDED NON-EXECUTIVE DIRECTOR APPOINTMENT 14 JUNE 2024 NORTHERN 2 VCT PLC INTENDED NON-EXECUTIVE DIRECTOR APPOINTMENT Northern 2 VCT PLC (“the Company”) is pleased to announce that it will appoint Thomas Chambers to the board as a non-executive director and as a member of the Company’s audit, nomination and management engagement committees with effect from 19 June 2024. Thomas Chambers retired on 5 June 2024 from the board of Kings Arms Yard VCT PLC where he served as a non-executive director, most recently as Chair of Audit and Senior Independent Director. Thomas has held senior e...
Total voting rights
Total voting rights 31 MAY 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 May 2024 consists of 226,051,775 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 226,051,775 (“the Figure”). The Figure may be used by a shareholder ...
Total voting rights
Total voting rights 30 APRIL 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 April 2024 consists of 226,051,775 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 226,051,775 (“the Figure”). The Figure may be used by a sharehol...
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