Northern 2 VCT PLC commences an Equity Buyback Plan for 9,465,905 shares, representing 10% of its issued share capital, under the authorization approved on July 15, 2019.

Northern 2 VCT PLC (LSE:NTV) commences share repurchases on August 8, 2019 under the program mandated by the shareholders in the Annual General Meeting held on July 15, 2019. As per the mandate, the company is authorized to repurchase up to 9,465,905 shares, representing 10% of its issued share capital. The minimum price, exclusive of expenses, which may be paid, is £0.05 per share. The maximum price per share of not more than 105% of the average market value of the relevant shares for the five business days prior to the date on which the purchase is made. The purpose of the program is to increase the earnings per share of the company shares. The repurchased shares may be cancelled. The plan will be valid up to the conclusion of the next Annual General Meeting of the company or September 30, 2020, whichever is earlier.