Oxford Technology Oxford Technology VCT plc : Increase in value of the Company's holding in Scancell Holdings plc
August 17 2012 - 1:51PM
UK Regulatory
TIDMOXT
For Immediate Release 17(th) August 2012
OXFORD TECHNOLOGY VCT PLC
(the "Company")
Increase in value of the Company's holding in Scancell Holdings plc
The Company holds 8,333,300 Ordinary Shares in Scancell Holdings plc
("Scancell"), an AiM listed company (SCLP). At the date of the Company's Interim
Management Statement, published on the 29(th) June 2012, the Company's holding
in Scancell was valued using the Bid Price as at 31(st) May 2012 of 9.25 pence
per share.
The Bid Price for Scancell shares has been rising and at 14.30 on 17(th) August
2012 was 32.75 pence per share. This values the Company's holding in Scancell at
GBP2.73m.
This change in value of the holding equates to an increase in the Company's Net
Asset Value per Share of 36.05 pence. However, the Directors caution that this
increase does not take into account any potential changes in the value of other
assets held by the Company since the last Interim Management Statement.
Investors should note that any further fluctuation in the price of Scancell
could have a further material effect on the Company's Net Asset Value.
17 August 2012
Further Enquiries
Lucius Cary on 01865 784466
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Source: Oxford Technology VCT plc via Thomson Reuters ONE
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