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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.90 | -7.56% | 11.00 | 7.50 | 14.50 | 11.90 | 11.00 | 11.90 | 9,576 | 15:44:59 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -1.63M | -1.88M | -0.0674 | -1.77 | 3.31M |
TIDMOXH
11 November 2022
Oxford Technology 2 VCT Plc (the "Company")
Legal Entity Identifier: 2138002COY2EXJDHWB30
Cancellation of Share Premium Account and Capital Redemption Reserve
The Company announces that earlier today the High Court of Justice confirmed the cancellation of the sum standing to the credit of the Company's share premium account and capital redemption reserve (the "Reduction of Capital"), which totalled GBP10,078,248.27. The Reduction of Capital will become effective on registration of the Court Order at Companies House, which is expected to occur in the next few days.
The Reduction of Capital was approved by way of a special resolution passed by the shareholders of the Company at the general meeting held on 20 June 2022.
The purpose of the Reduction of Capital is to create distributable reserves which will provide the Company with the flexibility to support, amongst other things the payment of dividends and the buy-back of shares.
Enquiries: Lucius Cary Oxford Technology Management 01865 784466
This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, this information is now considered to be in the public domain.
(END) Dow Jones Newswires
November 11, 2022 09:23 ET (14:23 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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