- Northern 2 VCT has announced that the offer for subscription of new ordinary shares to raise up to £15m in the 2011/12 and 2012/13 tax years is now fully subscribed and no further applications will be accepted.

The offer was launched in November and a total of 15,509,777 new ordinary shares have been allotted to date and it is expected that a further 1,419,781 shares will be allotted at a price of 82p per share on Thursday.

A total of £1,164,009 has been subscribed under the offer for allotment in the 2012/13 tax year and it is expected that the resulting new ordinary shares will be allotted on 10 April 2012.

At 11:56am: [LON:NTV] Northern 2 VCT PLC share price was 0p at 66.25p

Story provided by