Northern Venture Trust PLC
Introduction
Northern Venture Trust PLC is a Venture Capital Trust established under the legislation introduced in the Finance Act 1995. The fund is a member of the Association of Investment Companies.
The London Stock Exchange code is NVT.L
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Chair statement
“We are pleased to report a net increase in the holding value of the unquoted portfolio.”
- Deborah Hudson
Investor area
| Launch date | 1995 |
|---|---|
| Share price | 57.00p |
| Share price total return (10 years) | 174.9 |
| Latest NAV per share | 61.5p (30 June 2025) |
| NAV total return over 10 years | 170.9 |
| No of shares in issue | 216,925,150 |
| Dividend yield | 5.4% |
“Share price” is mid-market price as at 17 November 2025. “Dividend yield” is based on dividends paid and proposed in respect of latest full financial year, excluding special dividends, expressed as a percentage of share price. Total return statistics are for periods to 17 November 2025, return shown is on £100 invested, based on mid to mid share price/latest published NAV, assuming net income re-invested (source: Morningstar). In accordance with AIC methodology, figures shown over 5 years are based on NAVs excluding current period revenue.
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Publication of Prospectus by the Northern VCTs
Increase in offers for subscription and publication of a Supplemental Prospectus by the Northern VCTs
Mercia is delighted to announce the publication of the Northern VCTs’ Supplemental Prospectus in relation to offers of new ordinary shares for subscription in the 2025/26 tax year, increasing the overall size of the offers to £80m. The offers seek to raise a total of £30million for each of Northern VCT PLC and Northern 3 VCT PLC and £20million for Northern 2 VCT PLC (inclusive of already-utilised over-allotment facilities).
The offers have now re-opened to applications.
Applications for new shares in the Northern VCTs will be dealt with on a ‘first-come, first-served’ basis.
In recognition of the loyalty of the Northern VCT shareholders, existing shareholders on the register of member of any of the Northern VCTs, as at 16 June 2025, along with their spouse or civil partner, whose applications for shares in any of the Northern VCTs are accepted will benefit from a reduction of 0.5% in the offer costs application to their subscription.
Marketing of shares to retail investors
We confirm that the shares of Northern Venture Trust are currently ‘excluded securities’ in accordance with guidance issued by the Financial Conduct Authority and can therefore be recommended to retail investors by financial advisers.
Advisers
| Registrars | The City Partnership (UK) Limited |
|---|---|
| Stockbroker | Panmure Gordon (UK) Limited |
| Auditors | Johnston Carmichael LLP |
Notes
An investment in a Venture Capital Trust (“VCT”) carries a higher risk than many other forms of investment. In addition, the value of an investment in a VCT may go down as well as up and investors may not get back the full amount invested, even after taking into account the tax reliefs. VCTs usually trade at a discount to their net asset value. It may be difficult to exit VCTs and they should be considered as long-term investments. The past performance of the Company is not a reliable indicator of its future performance.
Mercia does not offer investment or tax advice or make recommendations regarding investments and investors will not be treated as clients of Mercia