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Thursday 19 December, 2013

Oxford Technology

Oxford Technology VCT plc : Interim Management ...

Oxford Technology VCT plc : Interim Management Statement

Oxford Technology VCT PLC

Interim Management Statement

For the second half of 2013

Oxford Technology VCT PLC presents its interim management statement for the period commencing 1 September 2013, 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 5December 2013.

The unaudited net asset value per ordinary share as at 30 November 2013 was 61p. This is a fall of 9p per share from the last quarter ending 31 August 2013. This change is mainly due to rises in the valuation of Biocote (2.4p per share) and Select Technology (2.5p per share) following reports of increased sales, and a fall in the share price of Scancell Plc, following a recent fundraising round (13.2p per share).

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

During the quarter, no new investments were made. There were no disposals.

Since 30 November 2013, the price of shares in Scancell has risen following a successful round of medical trials. Due to this, as at 19 December 2013, the unaudited net asset value per ordinary share would be 71p per share. This is a rise of 10p per share from 30 November 2013. 

The Directors are not aware of any other events or transactions which have taken place between 31 August 2013 and the publication of this statement which have had a material effect on the financial position of the Company.

19 December 2013

Enquiries:

Lucius Cary, Oxford Technology Management

01865 784466




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Oxford Technology VCT plc via Globenewswire

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