Interim Results
October 02 2002 - 12:35PM
UK Regulatory
RNS Number:9880B
Oxford Technology 3 VCT PLC
02 October 2002
Oxford Technology 3 Venture Capital Trust plc
Interim Statement
For the period
11 January 2002 to 31 August 2002
Statement on behalf of the Board
Oxford Technology 3 VCT remains open for investment, having raised approximately
#4m by 31 August 2002, the date of the first interim accounts.
In the first four months of its existence, OT3VCT has made six investments, two
in new companies, and four smaller investments in companies in which OTVCT and/
or OT2VCT have already invested. Launch costs for the fund were capped at 4p per
share and the net assets per share at 31 August 2002 were 96p.
Details of all these investments are given in the October 2002 newsletter. While
OT3VCT is a very recent fund so that no significant developments have yet
occurred within the portfolio, the Board is pleased with the development of the
portfolio so far, and also pleased with the large number of good quality
investment proposals which are being received.
On behalf of the Board
John Jackson
Chairman
Unaudited financial information
Summarised Statement of Total Period from
Return for the period 11 Jan 02
to 31 Aug 02
#'000
Gain on investments 12
Income 47
Expenses (43)
_____
Net return before taxation 16
Tax on ordinary activities -
_____
Return attributable to equity shareholders 16
Dividends in respect of equity shares -
_____
Transfers to / (from) reserves 16
=====
Revenue earnings per share 0.11p
Capital return per share 0.33p
Total return per share 0.44p
=====
Summarised Balance Sheet 31 Aug 02
#'000
Unquoted investments 563
Government stocks 1,893
Other net current assets 1,359
_____
Net assets 3,815
=====
Capital and Reserves
Called up share capital 396
Share premium:
Share issues 3,561
Expenses on share issues (158)
_____
3,799
Capital reserve - unrealised 12
Revenue reserve 4
_____
3,815
=====
Net asset value per share 96p
=====
Cash flow statement for the period Period from
11 Jan 02
to 31 Aug 02
#'000
Net cash inflow from operating activities 39
Capital expenditure and financial investment
Purchase of investments (3,589)
Redemption of investments 1,100
_____
Net cash outflow for capital expenditure and financial investment (2,489)
_____
Net cash flow before financing (2,450)
Financing -
Issue of shares 3,957
Expenses paid in connection with share issue (158)
_____
Net cash inflow from financing 3,799
_____
Increase in cash 1,349
=====
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR BKBKNABDDBKK
Oxford Technology 3 Vent... (LSE:OTT)
Historical Stock Chart
From Sep 2024 to Oct 2024
Oxford Technology 3 Vent... (LSE:OTT)
Historical Stock Chart
From Oct 2023 to Oct 2024
