Oxford Tech 2 VCT 3rd Quarter Results

 
TIDMOXH 
 
 
 
   Oxford Technology 2 VCT Plc 
 
   Update for the quarter ending 30 November 2018 
 
   Oxford Technology 2 VCT Plc presents its quarterly update for the period 
commencing 1 September 2018. 
 
   The Directors have recently reviewed the valuation of its entire 
portfolio as at 30 November 2018. 
 
   The unaudited net asset value per ordinary share (NAV) as at 30 November 
2018 was 30.2p.  This is a fall of 0.2p from the previously published 
NAV for the period ending 31 August 2018. The decrease in NAV was 
primarily due to a fall in the bid price of Scancell (11.5p at 31 August 
2018 to 7.8p). An investment of GBP59k was also made in the period in 
Orthogem at a slightly increased valuation. 
 
   The total return to shareholders including previous dividends of 21.0p 
per share is now 51.2p per share. 
 
   The total number of ordinary shares in issue is 5,331,889. 
 
   On 19 November 2018, Shareholders overwhelmingly supported the Board's 
proposals to enlarge the Company's share capital. The Directors continue 
to work actively with Chelverton Asset Management and their advisers on 
an offer for subscription of a new class of shares and hope to be able 
to publish the required prospectus in the near future. 
 
   The Directors are not aware of any other events or transactions which 
have taken place between 30 November 2018 and the publication of this 
statement which have had a material effect on the financial position of 
the Company. 
 
   17 December 2018 
 
   Enquiries: 
 
   Lucius Cary, Oxford Technology Management 
 
   01865 784466 
 
 
 
 
 
 

(END) Dow Jones Newswires

December 17, 2018 02:00 ET (07:00 GMT)

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