StockMarketWire.com - Northern 3 VCT and Northern AIM VCT have started talks on a possible merger.

Any merger would be subject to approval by the shareholders of both companies.

Subject to further consideration, it is envisaged that the merger would be effected by means of a scheme of reconstruction under section 110 of the Insolvency Act 1986 by transferring the assets and liabilities of Northern AIM to Northern 3 in consideration for new Northern 3 ordinary shares, which would be issued to Northern AIM shareholders on the basis of the respective net asset values.


At 3:18pm: [LON:NTN] Northern 3 VCT share price was 0p at 75.5p



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