Northern 3 VCT PLC: Offer for Subscription Update

Northern 3 VCT PLC, a venture capital trust, has announced an update on its offer for subscription, which was launched on 9 January 2025 in conjunction with Northern Venture Trust PLC and Northern 2 VCT PLC. The offer aims to raise a total of up to £6 million for Northern 3 VCT PLC, with Northern Venture Trust PLC and Northern 2 VCT PLC seeking to raise up to £15 million each in the 2024/25 tax year.

The offer for subscription allows the public to directly apply for new shares in the company at a set price, providing an accessible method for retail investors to participate in the company's growth story. This method enables companies to raise funds without intermediaries, reducing costs and maintaining more control over the process.

Northern 3 VCT PLC's offer for subscription is now fully subscribed, indicating the appeal of this method to retail investors. The company's offer for subscription was part of a larger fundraising effort alongside Northern Venture Trust PLC and Northern 2 VCT PLC, which aimed to raise a total of up to £15 million each in the 2024/25 tax year.

The offers by Northern Venture Trust PLC and Northern 2 VCT PLC to raise a total of up to £15 million each in the 2024/25 tax year remain open for subscription and will close when fully subscribed, but in any case, no later than 12 noon on 31 March 2025 and subject to the Directors' right to close the offers at any time.

Enquiries regarding the offer for subscription can be directed to Sarah Williams or James Sly at Mercia Fund Management Limited on 0330 223 1430. The website for further information is .

Insert chart showing the progress of the offer for subscription for Northern 3 VCT PLC, Northern Venture Trust PLC, and Northern 2 VCT PLC

In conclusion, the offer for subscription by Northern 3 VCT PLC has been successfully subscribed, demonstrating the appeal of this method to retail investors. The company's offer for subscription was part of a larger fundraising effort alongside Northern Venture Trust PLC and Northern 2 VCT PLC, which aimed to raise a total of up to £15 million each in the 2024/25 tax year. The offers by Northern Venture Trust PLC and Northern 2 VCT PLC remain open for subscription and will close when fully subscribed, but in any case, no later than 12 noon on 31 March 2025 and subject to the Directors' right to close the offers at any time.