reports
Total voting rights
Total voting rights 30 SEPTEMBER 2024 NORTHERN VENTURE TRUST PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern Venture Trust PLC (“the Company”) notifies the market that the capital of the Company as at 30 September 2024 consists of 199,158,435 ordinary shares with a nominal value of 25p 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 199,158,435 (“the Figure”). The Figure ma...
Transaction in Own Shares
Transaction in Own Shares 26 SEPTEMBER 2024 NORTHERN VENTURE TRUST PLC TRANSACTION IN OWN SHARES Northern Venture Trust PLC (“the Company”) announces that on 25 September 2024 it purchased for cancellation under an existing authority granted by shareholders 1,749,412 ordinary shares of 25p each in the market at a price of 55.01p per share, representing approximately 0.87% of the Company's issued ordinary share capital. There remain 199,158,435 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), the C...
Statement regarding intention to fundraise
Statement regarding intention to fundraise 23 SEPTEMBER 2024 NORTHERN VENTURE TRUST PLC STATEMENT REGARDING INTENTION TO FUNDRAISE Northern Venture Trust PLC (“the Company”) is pleased to announce that, subject to having the requisite shareholder and regulatory approvals, it intends, in conjunction with Northern 2 VCT 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 ...
Total voting rights
Total voting rights 30 AUGUST 2024 NORTHERN VENTURE TRUST PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern Venture Trust PLC (“the Company”) notifies the market that the capital of the Company as at 30 August 2024 consists of 200,907,847 ordinary shares with a nominal value of 25p 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 200,907,847 (“the Figure”). The Figure may be u...
Issue of Equity and Total Voting Rights
Issue of Equity and Total Voting Rights 23 AUGUST 2024 NORTHERN VENTURE TRUST PLC ISSUE OF EQUITY AND TOTAL VOTING RIGHTS Northern Venture Trust PLC (“the Company”) announces that on 23 August 2024 it allotted 908,739 ordinary shares of 25p each to shareholders who agreed to subscribe for shares under the terms of the Company’s Dividend Investment Scheme. The subscription price was 57.9p per share. Following the above allotment there are 200,907,847 ordinary shares in issue. An application will be made at the earliest practicable opportunity for the new ordinary shares, which will ran...
Non-Executive Director Appointment
Non-Executive Director Appointment 21 AUGUST 2024 NORTHERN VENTURE TRUST PLC NON-EXECUTIVE DIRECTOR APPOINTMENT Northern Venture Trust PLC (“the Company”) is pleased to announce that it has appointed John E Milad to the board as a non-executive director and as a member of the Company’s audit, nomination and management engagement committees with immediate effect. John brings over 25 years’ experience as an executive leader, board member, venture capital investor and investment banker focussed on the life sciences and medical technology sectors. He is currently the CEO of ERS Genomics,...
Transaction in Own Shares
Transaction in Own Shares 12 AUGUST 2024 NORTHERN VENTURE TRUST PLC TRANSACTION IN OWN SHARES Northern Venture Trust PLC (“the Company”) announces that on 12 August 2024 it purchased for cancellation under an existing authority granted by shareholders 649,817 ordinary shares of 25p each in the market at a price of 55.01p per share, representing approximately 0.32% of the Company's issued ordinary share capital. There remain 199,999,108 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company n...
Net Asset Value
Net Asset Value 2 AUGUST 2024 NORTHERN VENTURE TRUST PLC UNAUDITED NET ASSET VALUE AS AT 30 JUNE 2024 Northern Venture Trust PLC (“the Company”) is a Venture Capital Trust (“VCT”) launched in 1995 and advised 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 ba...
Total voting rights
Total voting rights 31 JULY 2024 NORTHERN VENTURE TRUST PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern Venture Trust PLC (“the Company”) notifies the market that the capital of the Company as at 31 July 2024 consists of 200,648,925 ordinary shares with a nominal value of 25p 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 200,648,925 (“the Figure”). The Figure may be used ...
Result of AGM
Result of AGM 30 JULY 2024 NORTHERN VENTURE TRUST PLC RESULT OF ANNUAL GENERAL MEETING Northern Venture Trust PLC (“the Company”) announces that at the Annual General Meeting held on 30 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 Deborah Hudson and David Mayes and to elect as a director Brigid Sutcliffe who was appointed to the Board on 2 April 2024. Simon Constantine and Richard Green did not stand for re-election at the AGM and both have retired as directors of the Com...
Transaction in Own Shares
Transaction in Own Shares 5 JULY 2024 NORTHERN VENTURE TRUST PLC TRANSACTION IN OWN SHARES Northern Venture Trust PLC (“the Company”) announces that on 4 July 2024 it purchased for cancellation under an existing authority granted by shareholders 2,046,260 ordinary shares of 25p each in the market at a price of 57.29p per share, representing approximately 1.01% of the Company's issued ordinary share capital. There remain 200,648,925 ordinary shares in issue. In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company notif...
Annual Report and Notice of AGM
Annual Report and Notice of AGM 28 JUNE 2024 NORTHERN VENTURE TRUST PLC ANNUAL REPORT AND FINANCIAL STATEMENTS AND NOTICE OF ANNUAL GENERAL MEETING The annual report and financial statements of Northern Venture Trust 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 Tuesday 30 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:...
Total voting rights
Total voting rights 28 JUNE 2024 NORTHERN VENTURE TRUST PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern Venture Trust PLC (“the Company”) notifies the market that the capital of the Company as at 28 June 2024 consists of 202,695,185 ordinary shares with a nominal value of 25p 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 202,695,185 (“the Figure”). The Figure may be used ...
Dividend Declaration
Dividend Declaration 18 JUNE 2024 NORTHERN VENTURE TRUST PLC DIVIDEND DECLARATION Northern Venture Trust PLC (“the Company”) is pleased to declare a proposed final dividend of 1.6 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 o...
ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 18 JUNE 2024 NORTHERN VENTURE TRUST PLC ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Northern Venture Trust PLC is a Venture Capital Trust (VCT) advised by Mercia Fund Management Limited. The trust was one of the first VCTs launched on the London Stock Exchange in 1995. It invests mainly in unquoted venture capital holdings and aims to provide high 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): 12m...
Total voting rights
Total voting rights 31 MAY 2024 NORTHERN VENTURE TRUST PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern Venture Trust PLC (“the Company”) notifies the market that the capital of the Company as at 31 May 2024 consists of 202,695,185 ordinary shares with a nominal value of 25p 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 202,695,185 (“the Figure”). The Figure may be used by...
Total voting rights
Total voting rights 30 APRIL 2024 NORTHERN VENTURE TRUST PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern Venture Trust PLC (“the Company”) notifies the market that the capital of the Company as at 30 April 2024 consists of 202,695,185 ordinary shares with a nominal value of 25p 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 202,695,185 (“the Figure”). The Figure may be use...
Issue of Equity and Total Voting Rights
Issue of Equity and Total Voting Rights 4 APRIL 2024 NORTHERN VENTURE TRUST PLC ISSUE OF EQUITY AND TOTAL VOTING RIGHTS Northern Venture Trust PLC (“the Company”) announces that on 4 April 2024 it allotted 12,234,307 ordinary shares of 25p each in respect of the offer of new ordinary shares for subscription in the 2023/24 tax year, pursuant to the prospectus published on 18 September 2023 (the “Prospectus”). In accordance with the Pricing Formula set out in the Prospectus, the new ordinary shares were issued at prices between 62.04 pence per share and 65.39 pence per share depending o...
Total voting rights
Total voting rights 28 MARCH 2024 NORTHERN VENTURE TRUST PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern Venture Trust PLC (“the Company”) notifies the market that the capital of the Company as at 28 March 2024 consists of 190,460,878 ordinary shares with a nominal value of 25p 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 190,460,878 (“the Figure”). The Figure may be use...
Directorate changes
Directorate changes 26 MARCH 2024 NORTHERN VENTURE TRUST PLC DIRECTORATE CHANGES Northern Venture Trust PLC (“the Company”) is pleased to announce that it will appoint Brigid Sutcliffe 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 2 April 2024. Brigid Sutcliffe is a highly experienced non-executive director with listed investment trust experience and a multi-sector commercial background. She is a qualified chartered accountant and MBA. The value she adds to a board is financial, audit a...
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