Business share offering closure

Northern 3 VCT Share Offer Fully Subscribed

Analysis based on 9 articles · First reported Feb 23, 2026 · Last updated Mar 10, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The successful closure of share offerings by Northern 3 VCT, Northern Venture Trust, and Northern 2 VCT indicates strong investor confidence in these venture capital trusts. This positive sentiment could encourage further investment in the VCT sector.

Financial services Venture capital

Event Summary

Northern 3 VCT PLC announced that its offer of new ordinary shares, aiming to raise up to £30 million for the 2025/26 tax year, is now fully subscribed and no further applications will be accepted. This follows previous announcements made in conjunction with Northern Venture Trust PLC and Northern 2 VCT PLC, both of which had already closed their respective offers to further applications. Mercia Asset Management===Mercia Asset Management Limited is listed as the contact for enquiries.

Key Actions

100 Northern 3 VCT closed share offering due to full subscription

70 Northern Venture Trust closed share offering

70 Northern 2 VCT closed share offering

Entities Involved

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Northern 3 VCT

Northern 3 VCT PLC's offer of new ordinary shares to raise up to £30 million is now fully subscribed, indicating successful fundraising.

Importance 100 Sentiment 20

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Northern Venture Trust

Northern Venture Trust PLC's offer for new ordinary shares has already closed to further applications, indicating successful fundraising.

Importance 70 Sentiment 20

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Northern 2 VCT

Northern 2 VCT PLC's offer for new ordinary shares has already closed to further applications, indicating successful fundraising.

Importance 70 Sentiment 20

subs

Mercia Asset Management===Mercia Asset Management

Mercia Asset Management===Mercia Asset Management Limited is listed as the contact for enquiries regarding the share offerings.

Importance 20 Sentiment 0

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Mercia Asset Management

Mercia Asset Management PLC is mentioned as the parent company of Mercia Asset Management===Mercia Asset Management Limited, which handles enquiries for the VCTs.

Importance 10 Sentiment 0

Relationships

Mercia Asset Management===Mercia Asset Management related ↔ Mercia Asset Management

Northern 3 VCT related ↔ Northern Venture Trust

Northern 3 VCT related ↔ Northern 2 VCT

Northern Venture Trust related ↔ Northern 2 VCT

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