Information  X 
Enter a valid email address

Oxford Technology (OXT)


Wednesday 12 December, 2012

Oxford Technology

Oxford Technology VCT plc : 3rd Quarter Results

Oxford Technology VCT plc : 3rd Quarter Results

Oxford Technology VCT PLC

Interim Management Statement
For the second half of 2012

Oxford Technology VCT PLC presents its interim management statement for the period commencing 1 September 2012, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.

The Directors reviewed the valuation of its entire portfolio at a Board meeting on 27 November 2012.

The unaudited net asset value per ordinary share as at 12 December 2012 was 95p.  This is a rise of 27p from the last quarter ending 31 August 2012 due to the increasing price of Scancell Plc's ("Scancell") shares quoted on AIM.  

The total number of ordinary shares in issue is 5,431,655.

During the quarter no new investments were made.  The company has sold 500,000 shares in Scancell which resulted in a cash return of £253,733.  The company retains 7,833,300 shares and now has a 4% equity holding in Scancell.

The Directors are not aware of any other events or transactions which have taken place between 31 August 2012 and the publication of this statement which have had a material effect on the financial position of the Company.

12 December 2012

Lucius Cary, Oxford Technology Management
01865 784466

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Oxford Technology VCT plc via Thomson Reuters ONE


a d v e r t i s e m e n t