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Oxford Technology 4 VCT PLC
Update for the quarter ending 31 May 2015
Oxford Technology 4 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 79p. This is a rise of 13p from the previously published NAV for the year ending 28 February 2015. This is primarily due to the sale of Impact Applications to Castleton Technologies Plc in a £5m deal which was announced on 1 June 2015. An interim dividend of 10p per share has been declared for payment on 7th August 2015. The Castleton shares were valued at 2.25p for the quarter end but as at 15 July 2015 were trading at 3.0p.
The total number of ordinary shares in issue is 11,516,946.
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
Lucius Cary, Oxford Technology Management
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