Oxford Tech 3 VCT Oxford Technology 3 Vct Plc : Dividend Declaration
January 12 2016 - 12:00PM
UK Regulatory
TIDMOTT
Regulatory Announcement
For Immediate Release
12(th) January 2016
Oxford Technology 3 Venture Capital Trust Plc
Dividend of 7p per share
The Company announces that it will be paying an interim dividend of 7
pence on each ordinary share. This follows the sale of its holding in
Telegesis Ltd.
The ex-dividend date is 21(st) January 2016.
The record date for the dividend is 22(nd) January 2016.
The payment date is 19(th) February 2016.
The Board would like to remind shareholders that the size of the VCT is
small, that the sale of Telegesis represented a sizeable proportion of
the Company's total assets and that the remaining portfolio is
relatively concentrated. The Directors are mindful of the need to be in
compliance with the VCT qualifying rules at all times, including the 15%
and 70% tests: the proceeds from the Telegesis sale and the interim
dividend are significant in this regard.
While the Board intends to declare further dividends as soon as possible,
it does not want to limit its flexibility to participate in certain
short term investee company actions that otherwise would be to the
detriment of shareholders. The Board plans to make an announcement on
further dividends at a later date.
Further information
Lucius Cary or Joanne Hoareau 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 3 VCT plc via Globenewswire
HUG#1978415
http://www.oxfordtechnology.com
(END) Dow Jones Newswires
January 12, 2016 12:00 ET (17:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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