Northern Venture Trust plans £10m joint share offer with sister VCTs
PLC•Northern Venture Trust PLC plans a 2026/27 joint offer with Northern 2 and 3 VCTs to raise up to £10 million in new shares, pending approval. Northern 2 VCT declared a 1.3 pence final dividend for year ended 31 March 2026, payable 4 September to register holders on 7 August.
1. Joint Share Offer Intent
Northern Venture Trust PLC announced its intention to participate in a joint offer of new ordinary shares alongside Northern 2 VCT PLC and Northern 3 VCT PLC, targeting a total raise of up to £10 million during the 2026/27 tax year, pending shareholder and regulatory approvals.
2. Dividend Declaration
Northern 2 VCT PLC declared a proposed final dividend of 1.3 pence per ordinary share for the year ended 31 March 2026, with payment scheduled for 4 September 2026 to shareholders on record as of 7 August 2026.
3. Annual Report Release
Northern Venture Trust PLC published its annual report and financial statements for the year ended 31 March 2026, detailing its latest performance metrics, portfolio composition and advisory arrangements under Mercia Fund Management.
4. Stabilisation Notice
A pre-stabilisation period announcement for NEOEN FINCO PLC outlines potential stabilisation activities under EU Market Abuse Regulation rules, with distribution restrictions in certain jurisdictions.
