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For Immediate Release
12th January 2016
Oxford Technology 3 Venture Capital Trust Plc
Dividend of 7p per share
The Company announces that it will be paying an interim dividend of 7 pence on each ordinary share. This follows the sale of its holding in Telegesis Ltd.
The ex-dividend date is 21st January 2016.
The record date for the dividend is 22nd January 2016.
The payment date is 19th February 2016.
The Board would like to remind shareholders that the size of the VCT is small, that the sale of Telegesis represented a sizeable proportion of the Company's total assets and that the remaining portfolio is relatively concentrated. The Directors are mindful of the need to be in compliance with the VCT qualifying rules at all times, including the 15% and 70% tests: the proceeds from the Telegesis sale and the interim dividend are significant in this regard.
While the Board intends to declare further dividends as soon as possible, it does not want to limit its flexibility to participate in certain short term investee company actions that otherwise would be to the detriment of shareholders. The Board plans to make an announcement on further dividends at a later date.
Lucius Cary or Joanne Hoareau 01865 784466
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