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Oxford Technology VCT plc : 3rd Quarter Results

Released 17:30 07-Jan-2016

Oxford Technology VCT plc : 3rd Quarter Results

Oxford Technology VCT PLC

Update for the quarter ending 30 November 2015

Oxford Technology VCT PLC presents its quarterly update for the period commencing 1 September 2015. 

The Directors have recently reviewed the valuation of its portfolio as at 30 November 2015.

The unaudited net asset value per ordinary share as at 30 November 2015 was 49.8p.  This is a fall of 18p from the previously published NAV for the period ending 31 August 2015 primarily due to the fall in the price of Scancell Holdings Plc's shares quoted on AIM.  The bid price of Scancell's shares used for the calculation of the End of Period NAV was 13.0p.  Following the period end, the Scancell share price has risen.  Taking the bid price of 20.5p at close of trading on 6 January 2016, the effect of this rise has been to increase Scancell's contribution to NAV by 9.5p, increasing the VCT's NAV to 59.3p assuming no other changes.

The total number of ordinary shares in issue is 5,431,655.

7 January 2016

Lucius Cary, Oxford Technology Management
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 VCT plc via Globenewswire



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Oxford Technology VCT plc : 3rd Quarter Results - RNS