Northern 3 VCT PLC Application Form - Clubfinance
Northern 3 VCT PLC Application Form - Clubfinance
Northern 3 VCT PLC Application Form - Clubfinance
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Contents Page<br />
Riskfactors<br />
LetterfromtheChairman<br />
PARTI<br />
– TheCompany<br />
Introduction 3<br />
Income 3<br />
TaxationbenefitstoInvestors 3<br />
<strong>VCT</strong>stoassistinretirementplanning 4<br />
TheManager:NVMPrivateEquity 4<br />
Investmentpolicy 5<br />
Sharebuybackpolicy 6<br />
Directors 6<br />
Costs 6<br />
Otherinformation 6<br />
PARTII – TrackrecordoftheCompany 8<br />
PARTIII – Taxation 9<br />
PARTIV – Definitions 10<br />
PARTV – TermsandConditionsof<strong>Application</strong> 11<br />
Noteson<strong>Application</strong><strong>Form</strong><br />
<strong>Application</strong><strong>Form</strong><br />
<br />
<br />
KeyOfferInformation<br />
<br />
Maximumamounttoberaised<br />
Minimuminvestment<br />
Maximuminvestmentonwhichtaxreliefsareavailable<br />
Offeropens<br />
Offercloses(unlessfullysubscribedearlier)<br />
<br />
<br />
FinancialCalendar<br />
<br />
1<br />
2<br />
£2,000,000<br />
£5,000<br />
£200,000<br />
21February2012<br />
5.00pmon5April2012<br />
Financialyearend<br />
31March<br />
Annualresultsannouncementandannualreportpublished<br />
May<br />
Annualgeneralmeeting<br />
July<br />
Dividendspaid(firstdividendinrespectoftheOfferSharesexpectedJuly2012)<br />
JulyandJanuary<br />
Halfyearlyresultsannouncementandhalfyearlyreportpublished<br />
November<br />
<br />
IftheOfferisfullysubscribed,itistheDirectors'intentiontoopenanotherofferforsubscriptiononorafter23March2012,<br />
toraiseuptoafurther£1,600,000.AnyInvestorwhoseapplicationisunsuccessfulduetooversubscriptionofthecurrent<br />
Offerwillbegivenpriorityifanotherofferforsubscriptionislaunchedinthe2011/12taxyear.
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