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Oxford Technology 3 VCT PLC  -  OTT   

Oxford Technology 3 VCT plc : Dividend Declaration

Released 17:00 12-Jan-2016

Oxford Technology 3 VCT plc : Dividend Declaration

Regulatory Announcement
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.

Further information

Lucius Cary or Joanne Hoareau  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 3 VCT plc via Globenewswire



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Oxford Technology 3 VCT plc : Dividend Declaration - RNS