Oxford Technology 2 VCT PLC
20 June 2005
Oxford Technology 2 Venture Capital Trust
Press Release
Venture Capital Trust investors to get greater trading flexibility through
ShareMark
• The Oxford Technology 2 Venture Capital Trust is to begin trading on
ShareMark
The Oxford Technology 2 Venture Capital Trust (VCT), which invests exclusively
in start-up and early stage technology companies will supplement their listing
on the London Stock Exchanges main market by joining ShareMark, the online
trading market.
The VCT provides funding for companies that are based within 60 miles of Oxford
and is advised by Seed Capital ltd.
Lucius Cary, Seed Capitals Managing Director, comments on the move; We believe
this move will benefit new and existing investors by creating greater liquidity,
enabling them to trade more easily, and with no bid/offer spread.
ShareMark operates via periodic online auctions to match sale and purchase
orders at a single price. Trades in the VCT will be continuously tested against
the main market and dealt through it where possible. Orders which are not dealt
ahead of the next quarterly auction will then be matched to achieve optimum
volume, potentially at a price inside of the main market price spread.
Iain Wallace, Managing Director of ShareMark concludes, We are delighted that
the Oxford Technology 2 VCT has joined ShareMark. This is an attractive trading
platform for Venture Capital Trusts which we believe will help them overcome the
wide bid/offer spreads they can suffer.
Ends
For further information please contact:
Iain Wallace, Managing Director, ShareMark - 01296 439 410
Lucius Cary, Managing Director, Seed Capital - 01865 784466
Notes for Editors:
1. ShareMark (www.sharemark.co.uk) was launched in June 2000 to meet the
needs of small and medium-sized companies who require a trading platform
for their shares. ShareMark is specifically designed to overcome some of
the weaknesses inherent with other markets for small to medium-sized
companies, principally the wide bid/offer spreads arising from a lack of
liquidity in a company's shares.
2. ShareMark uses an auction-based system that allows buyers and sellers to
trade a company's shares over the Internet. Auctions can be held on a
weekly, monthly, or quarterly basis. Buyers and sellers benefit from
greater transparency in the trading process as all individual orders are
visible via the trading screens. Additionally, there are no market-makers
taking a margin. These factors help to encourage a more active secondary
market in a company's shares
3. ShareMark is designed to appeal to companies who seek a trading platform
and, for those who are traded elsewhere, would like to benefit from the
increased liquidity that ShareMark encourages.
4. ShareMark is wholly owned by Share plc and is administered by The Share
Centre Ltd, which is authorised and regulated by the Financial Services
Authority.
5. ShareMark is not a Recognised Investment Exchange and shares traded on
ShareMark may be unlisted. It may be difficult for investors to buy and
sell those shares and obtain reliable information about their value or the
extent of the risks to which the share price is exposed. The share price
of shares traded on ShareMark may fluctuate and could fall against
investors interests. The share price may be subject to sudden and large
falls in value given the restricted marketability of the shares. Investors
may get back less than their initial investment. This document should not
be regarded as a solicitation or a recommendation to buy, sell or subscribe
to any investment product or service. ShareMark is a Registered Trademark
of The Share Centre Ltd.
Risk Warning:
This document is not intended to constitute an offer or agreement to buy or sell
investments and does not constitute a personal recommendation. The investments
and services referred to in this document may not be suitable for every investor
and if in doubt independent financial advice should be sought. No liability is
accepted whatsoever for any loss howsoever arising from any information in this
document subject to the rules of the Financial Services Authority or the
Financial Services and Markets Act 2000. Share prices, values and income can go
down as well as up and investors may get back less than their initial
investment.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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