Issue of Equity and Total Voting Rights

4 APRIL 2024



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 on the level of Promoter’s Fee and Adviser Charge (if applicable) pertaining to each application.

The Offer was fully subscribed and the aggregate of the subscription amounts paid to the Company pursuant to the two allotments under the Offer was £19,234,872.01. Following the above allotment, a total of 31,445,886 ordinary shares were issued by the Company pursuant to the Offer and the Company now has 202,695,185 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 the existing ordinary shares, to be admitted to the Official List of the Financial Conduct Authority (“the FCA”) and to trading on the London Stock Exchange’s market for listed securities, and dealings are expected to commence on or around 5 April 2024.

In conformity with the FCA’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company notifies the market that the capital of the Company 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 a shareholder or other person as the denominator for the calculations by which they will determine if they are required to notify the voting rights they hold in relation to the Company, or a change to those voting rights, under the DTRs.

Defined terms in this announcement have the same meaning as in the Prospectus.


James Sly, Mercia Fund Management Limited – 0330 223 1430


Neither the contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are incorporated into, or form part of, this announcement.