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OXH Oxford Technology 2 Venture Capital Trust Plc

17.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oxford Technology 2 Venture Capital Trust Plc LSE:OXH London Ordinary Share GB0003105052 OT2 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.00 9.00 25.00 17.00 17.00 17.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -1.63M -1.88M -0.0674 -2.52 4.73M

Oxford Tech 2 VCT Oxford Technology 2 Vct Plc : 3rd Quarter Results

07/01/2016 5:30pm

UK Regulatory


 
TIDMOXH 
 
 
   Company Registration Number: 3928569 
 
   Oxford Technology 2 Venture Capital Trust PLC 
 
   Interim Accounts 
 
   For the period 1 March 2015 to 30 November 2015 
 
   These interim statements have been prepared to comply with s836 and s838 
of The Companies Act 2006. 
 
   Financial Headlines 
 
 
 
 
                           Nine month Period Ended     Year Ended 
                               30 November 2015      28 February 2015 
Net Assets at Period End          GBP2.08m              GBP1.89m 
Net Asset Value per Share           30.6p                 27.8p 
Cumulative Dividend                 10.5p                 10.5p 
Total NAV Return                    41.1p                 38.3p 
Share Price (mid market)            20.0p                 11.0p 
Earnings per Share                  2.8p                  1.4p 
 
 
   Statement on behalf of the Board 
 
   These interim accounts have been prepared following the disposal of 
Telegesis and provide details of the results for the 9 month period to 
30 November 2015.  They have been prepared with the purpose of 
publishing a set of accounts which state the latest updated 
distributable reserves.  Once these accounts have been received at 
Companies House, the Directors intend to declare an interim dividend for 
the year to 29 February 2016. 
 
   On behalf of the Board 
 
   Richard Roth - Chairman 
 
   Unaudited Financial Information 
 
 
 
 
 
                                           Nine months to    Six months to     Year to 
                                             30 Nov 15         31 Aug 15      28 Feb 15 
  Income Statement for the Period             GBP'000           GBP'000        GBP'000 
Gain/(loss) on disposal of assets held 
at fair value                                   142                -              - 
Unrealised gain/(loss) on fair value of 
investments                                     101               187            157 
Expenses                                             (54)             (32)         (58) 
 
  Profit/(loss) on ordinary activities              _____            _____        _____ 
  before tax                                          189              155           99 
Tax on profit/(loss) on ordinary 
activities                                              -                -            - 
                                                    _____            _____        _____ 
Return on ordinary activities after tax               189              155           99 
                                                    _____            _____        _____ 
Earnings per Share                                   2.8p             2.3p         1.4p 
                                                    _____            _____        _____ 
 
 
 
 
 
 
 
 
  Statement of Changes in Equity for the Period    Nine months to    Six months to      Year to 
                                                        30 Nov 15        31 Aug 15    28 Feb 15 
                                                          GBP'000          GBP'000      GBP'000 
Shareholders' funds at the start of period 
                                                            1,890            1,890        1,791 
Return on ordinary activities after tax                       189              155           99 
                                                            _____            _____        _____ 
Shareholders' funds at the end of period 
                                                            2,079            2,045        1,890 
                                                            _____            _____        _____ 
 
 
 
 
 
                                   30 Nov 15    31 Aug 15    28 Feb 15 
  Summarised Balance Sheet          GBP'000      GBP'000      GBP'000 
Investments held at fair value         1,608        1,907        1,720 
Net current assets                       494          165          205 
Creditors: amounts falling due 
 > 1 year                               (22)         (27)         (35) 
                                       _____        _____        _____ 
  Net assets                           2,079        2,045        1,890 
                                       _____        _____        _____ 
 
 
 
 
 
 
 
 
                              30 Nov 15    31 Aug 15    28 Feb 15 
  Capital and Reserves         GBP'000      GBP'000      GBP'000 
Called up share capital             679          679          679 
Share premium                       376          376          376 
Profit and loss account           1,424            0           32 
Revaluation reserve               (400)          990          803 
                                  _____        _____        _____ 
  Shareholders' funds             2,079        2,045        1,890 
                                  _____        _____        _____ 
Net asset value per share         30.6p        30.1p        27.8p 
                                  _____        _____        _____ 
 
   Richard Roth 
 
   Chairman 
 
   6(th) January 2016 
 
 
 
 
 
 
 
  Cash Flow Statement for the Period                  Nine months to    Six months to      Year to 
                                                           30 Nov 15        31 Aug 15    28 Feb 15 
                                                             GBP'000          GBP'000      GBP'000 
Net cash inflow/(outflow) from operating 
activities                                                      (76)             (53)         (53) 
Capital expenditure and 
 financial investment                                              -                -         (86) 
 Purchase of investments                                         355                -            - 
 Disposal of investments                                       _____            _____        _____ 
Net cash inflow/(outflow) from capital expenditure 
 and financial investment                                        355                -         (86) 
 
  Increase/(decrease) in cash                                    279             (53)        (139) 
                                                               _____            _____        _____ 
 
 
   Notes to the Unaudited Financial Information 
 
   1.  The unaudited financial information for the nine months to 30 
November 2015 has been prepared in accordance with Financial Reporting 
Standard 104 "Interim Financial Reporting" and in accordance with the 
accounting policies and principles that will be adopted in the next 
financial statements which are to be prepared under Financial Reporting 
Standard 102 for the first time.  No restatement of prior periods has 
been necessary.  The unaudited financial information for the nine months 
to 30 November 2015 does not constitute statutory accounts within the 
meaning of Section 415 of the Companies Act 2006. The comparative 
figures for the year ended 28 February 2015 have been extracted from the 
audited financial statements for that year, which have been delivered to 
the Registrar of Companies.  The independent auditor's report on those 
financial statements was unqualified. 
 
   2.  The calculation of earnings per share for the period is based on the 
return attributable to shareholders divided by the weighted average 
number of shares in issue during the period. 
 
   3.  Listed investments are stated at market value based upon bid prices 
at the accounting period end.  The unrealised depreciation or 
appreciation on the valuation of investments are dealt with in the 
revaluation reserve. 
 
   4.  The operating profit is stated after charging: 
 
 
 
 
                          Interim Period Ended     Year Ended 
                            30 November 2015     28 February 2015 
                                 GBP'000             GBP'000 
Directors' remuneration                      8                  3 
Auditors' remuneration                       5                  6 
Total                                       13                  9 
 
 
   5.  No liability to UK corporation tax arose during the period. 
 
   6.   Investments 
 
 
 
 
                               Unquoted investments 
                                     (Level 3) 
                                      GBP'000        Total investments GBP'000 
Valuation and net book 
amount: 
Book cost as at 1 March 2015                  2,014                      2,014 
Cumulative revaluation                        (294)                      (294) 
Valuation at 1 March 2015                     1,720                      1,720 
Movement in the year: 
Purchases at cost                                 -                          - 
Cost of disposal                                (7)                        (7) 
Revaluation on disposal                       (207)                      (207) 
Revaluation in year                             101                        101 
Valuation at 30 November 2015                 1,607                      1,607 
Book cost at 30 November 2015                 2,007                      2,007 
Revaluation to 30 November 
 2015                                         (400)                      (400) 
Valuation at 30 November 2015                 1,607                      1,607 
 
 
   7.  Share Capital 
 
 
 
 
                                                     30 November 2015  28 February 2015 
                                                          GBP'000           GBP'000 
Authorised: 
10,000,000 ordinary shares of 10p each                          1,000             1,000 
Total Authorised                                                1,000             1,000 
 
Allotted, called up and fully paid: 
6,792,923 (28 Feb 2015: 6,792,923) ordinary shares 
 of 10p each                                                      679               679 
 
   8.  Reserves 
 
 
 
 
 
 
                                                                          Profit and Loss 
                       Share Premium Account  Capital Reserve Unrealised   Account Reserve 

January 07, 2016 12:30 ET (17:30 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
                              GBP'000                   GBP'000                GBP'000 
At 1 March 2015                          376                         803                32 
Profit/(loss) for 
 period                                    0                         101                88 
Movement on 
 Revaluation Reserve                       0                       (207)               207 
Reserve Transfer                           0                     (1,097)             1,097 
As at 30 November 
 2015                                    376                       (400)             1,424 
 
 
   The distributable reserves at 30 November 2015 are GBP1,024,000 
 
   9.  Copies of the Interim Statement have been lodged at Companies House 
and published on the website.  Further copies can be obtained from the 
Company's Registered Office at: 
 
   The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA 
 
   Board Directors :  Richard Roth, Robin Goodfellow, David Livesley and 
Alex Starling 
 
   Company Secretary: James Gordon - Gordons Partnership LLP 
 
 
 
   Investment Manager :  OT2 Managers Ltd with services contracted to 
 
   Oxford Technology Management Ltd 
 
   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 2 VCT plc via Globenewswire 
 
   HUG#1977496 
 
 
  http://www.oxfordtechnology.com 
 

(END) Dow Jones Newswires

January 07, 2016 12:30 ET (17:30 GMT)

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