Oxford Technology 3 VCT Plc 26 August 2021 Further to the announcement made by Oxford Technology 3 VCT Plc (the "Company") on 25 August 2021, the Board is pleased to announce that the Company has now undertaken the repurchase of 6,785,233 deferred shares of 9p each (being all of the deferred shares of the Company) for an aggregate price of 1p. The share restructuring as detailed in the notice of annual general meeting of the Company dated 30 June 2021 has now been fully implemented. Following...
Oxford Technology 3 VCT Plc 25 August 2021 This announcement is made by Oxford Technology 3 VCT Plc (the "Company") in connection with proposals by the Company to effect a share restructuring (to subdivide the existing ordinary shares of 10p each in the share capital of the Company into ordinary shares of 1p each and deferred shares of 9p each (the "Share Restructuring"). The Board is pleased to announce that at the annual general meeting of the Company held on 25 August 2021, resolution 13 as...
The Board of Oxford Technology 3 VCT PLC gives notice that all resolutions proposed at the AGM on Wednesday 25th August 2021 were passed on a poll. Details of proxy votes are included in the presentation used at the AGM which is available on the Oxford Technology website at https://www.oxfordtechnologyvct.com/ . Further Enquiries Lucius Cary on 01865 784466...
TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB0031420390 Issuer Name OXFORD TECHNOLOGY 3 VENTURE CAPITAL TRUST PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name Shivani Parikh City of registered office (if applicable) Coulsdon Country of registered office (if applicable) United Kingdom 4. Details of the shareholder Full name of shareholder(s) if...
The Board of Oxford Technology 3 VCT Plc (OT3) is pleased to provide an update ahead of discussions at the forthcoming shareholders events. The first takes place at 2pm today in Oxford and the second one, a webinar, will be at 10.30am on Thursday 12 August (details below). No additional price sensitive information will be shared during these forums. The Chairman’s Statement in the Annual Report noted that: “ We continue to believe your VCT is an appropriate structure to hold your Company’s...
The sale of Ixaris to Nium plc was due to have been completed by the end of July 2021. The Company has been informed there will be a delay, as before the sale can complete the regulators have to approve the change of control. Covid and Brexit have combined to cause an unusually high workload in the regulatory authorities. We have been advised that no problems have been encountered and none are anticipated. A further announcement will be made in due course. This announcement contains inside...
Notice of AGM and Shareholder Presentations Copies have been posted to shareholders of the Annual Report and Accounts of the Company in respect of the financial period ended 28 February 2021 and the Notice of Annual General Meeting to be held on 25 August 2021 and the Shareholder presentation meetings to be held on 28 July and 12 August. Please sign up for the meetings at https://forms.gle/oTHUsj7dquSwpCug7 Copies of the Annual Report and Proxy Forms are available on the...
The Board is pleased to announce the Net Asset Value per share was 44.4p at 31 May 2021. Fuller details are included in the Annual Report for the year ended 28 February which was released earlier today. This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service,...
Oxford Technology 3 VCT plc (the "Company") Annual Report & Financial Statements for the year ended 28 February 2021 The Directors are pleased to attach the Company's annual report and financial statements for the year ended 28 February 2021. The associated PDF document can be downloaded by clicking the following link OT3 VCT 2021 AR June 30 or the attachment shown at the bottom of the email. The annual report and financial statements for the year ended 28 February 2021 may also be downloaded...
The Board notes that on 7 th of June Nium, a leading global B2B payments platform, announced that it had signed a definitive agreement to acquire Ixaris Group Holdings (“Ixaris”). The transaction is for cash and is expected to complete in the third quarter of 2021. Oxford Technology 3 VCT Plc (“OT3”) has been an investor in Ixaris since August 2002 and this will be a profitable exit. The most recently published unaudited NAV for OT3 as at 30 November 2020 was 38.4p per share. Compared to...
The Board notes that on 3 June 2021 Arecor Therapeutics plc ("Arecor"), one of Oxford Technology 3 VCT Plc’s (“OT3”) investee companies, floated on AIM raising £20m via a placing at 226p per Arecor share. The flotation was a success and the Arecor bid price at close had risen to 238p per Arecor share. The most recently published unaudited net asset value (NAV) for OT3 at 30 November 2020 was 38.4p per share. Compared to this last published OT3 NAV, the impact of the Arecor flotation in...
The Board notes the announcement made yesterday by Arecor Therapeutics plc ("Arecor"), one of the Company's investee companies, to seek to have its shares admitted to trading on AIM, RNS No: 6941Y. Assuming the placing and admission takes place at a share price in the range indicated, the Company's value of its investment in Arecor is anticipated to increase. The Board intends to make a further announcement that will quantify that impact, after the admission has taken place. For further...
Oxford Technology 3 VCT Plc – 3 rd Quarter Results Oxford Technology 3 VCT Plc presents its quarterly update for the 3 month period commencing 1 September 2020. The Directors have recently reviewed the valuation of its entire portfolio as at 30 November 2020. As previously advised, 303,043 shares in Scancell Holdings Plc (Scancell) were disposed of following the sharp share price rise on AIM surrounding news about the novel DNA vaccine against Covid-19 being worked on by Scancell. Apart from...
RNS Oxford Technology 3 VCT Plc Unaudited Half-Yearly Report For the period 1 March 2020 to 31 August 2020 6 Months Ended 31 August 2020 Year Ended 29 February 2020 Net Assets At Period End £3.37m £4.72m Net Asset Value (NAV) Per Share 49.7p 69.6p Cumulative Dividend Per Share 36.0p 36.0p Total NAV Return Per Share 85.7p 105.6p Share Price At Period End (Mid-Market) 35.0p 55.0p Earnings Per Share (19.9)p (19.9)p Statement on behalf of the Board I am pleased to present the unaudited results for...
Oxford Technology 3 Venture Capital Trust Plc (the Company) Director's Other Publicly Quoted Directorships As required by Listing Rule 9.6.14, the Company advises the following change to the information disclosed in respect of Mr Robin Goodfellow, a non-executive Director of the Company: Directorships held in publicly quoted companies pursuant to Listing Rule 9.6.13(1) Other Directorships: On 29 July 2020, Edge Performance VCT Public Limited Company announced the appointment of Mr Robin...
The Board of Oxford Technology 3 VCT PLC gives notice that all resolutions proposed at the AGM on Thursday 9th July 2020 were passed on a poll. Details of proxy votes are included in the presentation used at the AGM which is available on the Oxford Technology website at https://www.oxfordtechnologyvct.com/ . Further Enquiries Lucius Cary on 01865 784466...
Virtual AGM - joining instructions Following the government guidelines and as previously advised, the Oxford Technology VCTs will not be holding an AGM this year where a physical presence is allowed. The Company would like to remind its shareholders that the details to participate virtually in this year's Annual General Meeting ("AGM") which will be held at 2pm on Thursday 9 July 2020 can be found at https://www.oxfordtechnologyvct.com/...
Following yesterday’s release of the audited results of the Company for the year ended 29 February 2020, the Board wishes to draw the attention of shareholders to the following section of the ‘Covid-19 Response’ section of the Chairman’s Statement, reproduced verbatim from the Annual Accounts document and yesterday’s RNS: “ The Bo a rd and the Investment Adviser have sought to assess the current impact on valuations. Using latest bid prices for quoted investees and the Directors’...
19 May 2020 Oxford Technology 3 VCT plc ("the Company" or "OT3") Annual Report and Accounts for the year ended 29 February 2020 The Directors are pleased to announce the audited results of the Company for the year ended 29 February 2020. A copy of the Annual Report and Accounts (together the "Accounts") will be made available to Shareholders shortly. Set out below are extracts from the audited Accounts. References to page numbers below are to those Accounts. The AGM will be held at Magdalen...
TR-1: S tandard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : OXFORD TECHNOLOGY 3 VENTURE CAPITAL TRUST PLC ORD 10P 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark...