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For Immediate Release
21st April 2016
Oxford Technology 3 Venture Capital Trust Plc
Dividend of 15p per share
The Company announces that it will be paying an interim dividend of 15 pence on each ordinary share.
The ex-dividend date is 28th April 2016.
The record date for the dividend is 29th April 2016.
The payment date is 13th May 2016.
Following the 7p dividend paid on 19th February 2016 the Company has now paid shareholders 22p in dividends following the sale of Telegesis. In addition, supporting investments have been made in several portfolio companies: £34k in Scancell, £50k in Immunobiology and £200k in Plasma Antennas, as well as the Company exercising £425k worth of warrants held in Ixaris.
The Board would like to remind shareholders that the size of the VCT is relatively small - following the sale of Telegesis in November 2015, the remaining portfolio is relatively concentrated. The Directors have retained sufficient cash to provide the flexibility to support the Company's remaining portfolio and to cover ongoing running costs of the VCT.
Lucius Cary or Joanne Hoareau 01865 784466
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