Northern 2 VCT plc, a venture capital trust managed by Mercia Fund Management Limited, has notified the market of its total voting rights figure in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (DTRs). As at 30 October 2026, the company's issued share capital comprises 266,589,293 ordinary shares, each carrying full voting rights. The disclosure is a regulatory requirement under the DTRs and provides shareholders with the denominator needed to calculate whether changes in their holdings trigger a notification obligation. No treasury shares are held by the company.

Key Points

  • Northern 2 VCT plc (NTV), managed by Mercia Fund Management Limited
  • Total voting rights confirmed at 266,589,293 ordinary shares as at 30 October 2026
  • Each ordinary share carries a nominal value of 5p; no shares are held in treasury
  • Investors holding stakes near DTR notification thresholds should use this figure as the relevant denominator

Northern 2 VCT Confirms 266,589,293 Ordinary Shares With Full Voting Rights

Northern 2 VCT plc has confirmed that its entire issued share capital as at 30 October 2026 consists of 266,589,293 ordinary shares, each with a nominal value of 5 pence. The announcement states that all of these ordinary shares carry voting rights and that the company holds none of its own shares in treasury. This means the total voting rights figure and the total number of shares in issue are identical. The company made the disclosure in conformity with the FCA's DTRs, which require listed companies to notify the market whenever their share capital changes, ensuring investors have access to accurate and up-to-date denominators for regulatory calculations.

How Shareholders Must Use the DTR Denominator Figure Disclosed by Northern 2 VCT

Under the FCA's Disclosure Guidance and Transparency Rules, shareholders and other persons are required to monitor their proportional voting interests in listed companies. When those interests cross certain prescribed thresholds, a formal notification must be made to both the company and the FCA. The total voting rights figure published by Northern 2 VCT plc — 266,589,293 — serves as the denominator for these calculations. Any investor whose holding is near a relevant threshold should take note of this updated figure, as it forms the basis for determining whether a disclosure obligation has arisen or changed since any previous published total.

Mercia Fund Management Oversees Northern 2 VCT's Regulatory Compliance

Northern 2 VCT plc is managed by Mercia Fund Management Limited, which handles regulatory and investor communications on behalf of the venture capital trust. Venture capital trusts are a distinct category of UK closed-ended investment company designed to channel funds into smaller, higher-growth UK businesses, with investors historically attracted by associated tax reliefs. The company's contacts for enquiries related to this announcement are listed as Sarah Williams and James Sly at Mercia Fund Management Limited. The announcement was made in line with the company's ongoing obligations under the DTRs to keep the market informed of its capital structure.