Oxford Technology Oxford Technology Vct Plc : Quarterly Update
July 16 2015 - 1:00PM
UK Regulatory
TIDMOXT
Oxford Technology VCT PLC
Update for the quarter ending 31 May 2015
Oxford Technology VCT PLC presents its quarterly update for the period
commencing 1 March 2015.
The Directors have recently reviewed the valuation of its entire
portfolio as at the quarter ending 31 May 2015.
The unaudited net asset value per ordinary share as at 31 May 2015 was
75p. This is a rise of 10p from the previously published NAV for the
year ending 28 February 2015 primarily due to an increase in the price
of Scancell Holdings Plc's shares quoted on AIM, but also due to the
increased valuation in the holding of Select Technology which is based
on rising sales. The bid price of Scancell's shares used for the
calculation of the End of Period NAV was 35.25p. This is a volatile
trading stock and as at 15 July 2015, the bid price of Scancell was
27.0p.
The total number of ordinary shares in issue is 5,431,655.
A number of changes relating to new management and performance fee
arrangements, a Common Board and the self-managed structure were
announced with the results for the year to 28 February 2015.
The Directors are not aware of any other events or transactions which
have taken place between 31 May 2015 and the publication of this
statement which have had a material effect on the financial position of
the Company.
16 July 2015
Enquiries:
Lucius Cary, Oxford Technology Management
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 VCT plc via Globenewswire
HUG#1939452
http://www.oxfordtechnology.com/
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