Oxford Technology Oxford Technology Vct Plc : Miscellaneous
March 25 2015 - 1:51PM
UK Regulatory
TIDMOXT
The Directors note the recent reduction in Scancell Holding Plc's share
price, with a bid price of 26p at end of 25 March 2015,which values
Oxford Technology VCT Plc's holding of 6,883,300 Scancell Holding Plc
shares at a total of GBP1.790 million.
On 12 December 2014, Oxford Technology VCT Plc announced that its
unaudited net asset value (NAV) per ordinary share as at 30 November
2014 was 72p (End of Period NAV). The bid price of Scancell's shares
used for the calculation of the End of Period NAV was 36p.
Shareholders should note that should there be no other changes in
valuations in Oxford Technology VCT Plc's portfolio apart from a change
in the share price of Scancell Holding Plc to 26p, the Company's NAV per
share would reduce by 12p to 60p.
The Directors expect to publish the final results for the year ended 28
February 2015 in June 2015, where Scancell Holding Plc's valuation will
be based on the bid price at close of trading on 28 February 2015.
The total number of Oxford Technology VCT Plc ordinary shares in issue
is 5,431,655.
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
HUG#1906276
http://www.oxfordtechnology.com/
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