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Mercia set to earn up to 5.5% promoter fee on Northern 3 VCT share offer

PUBT·09/16/2026 12:30:31
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Mercia set to earn up to 5.5% promoter fee on Northern 3 VCT share offer
  • Northern 3 VCT outlined a related-party fee arrangement tied to its 2026/27 share offer, involving investment manager Mercia Fund Management.
  • Mercia can earn a promoter’s fee of up to 5.5% of subscription proceeds, falling to 3% where no commission is payable.
  • Mercia will cover all offer-related costs, fees, charges, and expenses, shifting transaction costs away from the VCTs.
  • The board deemed the fee arrangement fair and reasonable to shareholders under UK Listing Rules, supported by sponsor confirmation.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern 3 VCT plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609160830HUGIN___UKPR_REG_GNW1001263053-en) on September 16, 2026, and is solely responsible for the information contained therein.