We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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% | 11.00 | 7.50 | 14.50 | 11.00 | 11.00 | 11.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -1.63M | -1.88M | -0.0674 | -1.63 | 3.06M |
TIDMOXH As discussed at the AGM on 5 July 2017, Oxford Technology 2 VCT Plc is pleased to announce further details about the cash it intends to return to eligible shareholders by way of the "Tender Offer". Up to 30% in aggregate of the Company's issued share capital will be available for tender at a price of 31.5p per share, a discount of just over 15% to the net asset value of 31 May 2017. Shareholder approval for this Tender Offer was given at the latest AGM. The Board is aware that liquidity in the shares has been limited which on occasions has led to a wide disparity between the share price and net asset value. The buy back helps to address this issue and allows shareholders that should so wish, to dispose of shares at a price which more fully reflects the net asset value. Shares not tendered in the buy back will be available for excess applications by shareholders wishing to sell more than 30% of their holding. Full details of the Tender Offer are contained in a circular that will be sent to all registered shareholders on 26 July 2017 Timetable of Events Record date 25 July 2017 Latest time and date for receipt of the Tender Offer 1pm on the 31 August 2017 Registrars Books Closing Date for the Tender Offer 6pm on the Thursday 31 August 2017 Announcement of the take-up level under the Tender Monday 4 September 2017 Offer Settlement date for the Tender Offer Cheques despatched By Thursday 14 September2017 and assured payments made through Crest. The dates and times given are based on the Company's current expectations and may be subject to change. Any changes to the expected timetable will be announced via a Regulatory Information Service. If you have any queries regarding the procedure for accepting the Tender Offer, please contact Lucius Cary lucius@oxfordtechnology.com Shareholders that do not participate in the Tender Offer will own a greater portion of the remaining assets. Assuming at least some shareholders opt to participate in the tender offer, then immediately following the tender, and before the payment of any further dividends, the net asset per remaining share will increase (assuming no change in investment performance) as a result of the discount attributed to the shares bought back in. Shareholders should also note that a dividend will be paid to all shareholders still on the register after the completion of the Tender Offer. At the current time, the Directors would expect to declare a dividend of at least 7p per remaining share, which will be paid before the end of November 2017. The precise quantum of this dividend will depend in part on any follow-on investments made in the next few months. Any shares purchased under the Tender Offer will not be eligible for this dividend. This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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 http://www.oxfordtechnology.com
(END) Dow Jones Newswires
July 25, 2017 02:00 ET (06:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Oxford Technology 2 Vent... Chart |
1 Month Oxford Technology 2 Vent... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions