Oxford Tech 3 VCT 3rd Quarter Results
December 17 2018 - 2:00AM
UK Regulatory
TIDMOTT
Oxford Technology 3 VCT Plc
Update for the quarter ending 30 November 2018
Oxford Technology 3 VCT Plc presents its quarterly update for the period
commencing 1 September 2018.
The Directors have recently reviewed the valuation of its entire
portfolio as at 30 November 2018.
The unaudited net asset value per ordinary share (NAV) as at 30 November
2018 was 82.6p. This is a fall of 2.9p from the previously published NAV
for the period ending 31 August 2018. The decrease in NAV is primarily
due to a fall in the bid price of Scancell (11.5p to 7.8p). This was
offset by a small increase in Orthogem's valuation.
The total return to shareholders including previous dividends of 36.0p
per share is now 118.6p per share.
During the quarter, follow on investments were made in Orthogem (GBP83k)
and Arecor (GBP170k). Abzena shareholders accepted a cash takeover
(disposal proceeds of GBP32k) and Glide was dissolved (which had no
effect on the NAV as the investment had already been fully provided
for). Ixaris Group Holdings has now closed its Entropay subsidiary due
to changes in VISA regulations. However, this is counterbalanced by the
rapid growth of its core travel industry payments subsidiary.
The total number of ordinary shares in issue is 6,785,233.
The Directors are not aware of any other events or transactions which
have taken place between 30 November 2018 and the publication of this
statement which have had a material effect on the financial position of
the Company.
17 December 2018
Enquiries:
Lucius Cary, Oxford Technology Management
01865 784466
(END) Dow Jones Newswires
December 17, 2018 02:00 ET (07:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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