Oxford Tech 4 VCT

Notice of AGM and Shareholder Presentations

Notice of AGM and Shareholder Presentations

Copies of the Annual Report and Accounts of the Company in respect of the financial period ended 28 February 2021 and the Notice of Annual General Meeting and Shareholder presentation meetings to be held on 25 August 2021, 28 July and 12 August have been posted to shareholders. Copies of the Annual Report and Proxy Forms are available on the www.oxfordtechnologyvcts.com website and the text of the accompanying letter sent out is copied below.  Please sign up for the meetings at https://forms.gle/oTHUsj7dquSwpCug7


Dear Shareholder,

I am pleased to announce that the Annual Accounts for the year ended 28 February 2021 are now available for download at www.oxfordtechnologyvct.com/vct4.html.

The Net Asset Value (NAV) per share has decreased by 9.7p from 36.1p as at 29 February 2020 to 26.4p as at 28 February 2021.  The decrease is largely due to the payment of a 5.0p dividend on 31 July 2020 following the sale of Castleton Technology Plc to MRI Software, but also includes a reduction in the valuation of ImmBio and Select Technology, in the case of the latter to reflect lower sales and profitability following a change in strategic direction. 

At the end of the first quarter to 31 May 2021 the unaudited NAV per share was 30.8p. This incorporates the IPO share price of Arecor which floated on AIM on 3 June.  The Directors have also reviewed the carrying values of the unquoted investments and these remain largely unchanged from their values at 28 February 2021.

After hosting last year’s AGM via electronic means, we had hoped to return to full normality for this year’s event, while also recognising the convenience of enabling virtual participation. 

Having not had the chance to meet shareholders for over two years, we are therefore planning the following shareholder interactions to maximise the opportunity for shareholder involvement during the holiday period:

We hope shareholders will appreciate the flexibility being offered.

May we also take this opportunity to remind shareholders that it is legal requirement to declare if you are resident for tax purposes outside of the UK according to the Common Reporting Standards. If this does apply to you please contact us or the Registrars directly for the relevant links to self certification.

Yours sincerely,

David Livesley
Chairman