Share Name Share Symbol Market Type Share ISIN Share Description
Oxford Technology 3 Venture Capital Trust Plc LSE:OTT London Ordinary Share GB0031420390 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 35.00 20.00 50.00 35.00 35.00 35.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.0 -0.1 -1.7 - 2

Oxford Tech 3 VCT Net Asset Value(s)

21/05/2020 7:00am

UK Regulatory (RNS & others)

   Following yesterday's release of the audited results of the Company for 
the year ended 29 February 2020, the Board wishes to draw the attention 
of shareholders to the following section of the 'Covid-19 Response' 
section of the Chairman's Statement, reproduced verbatim from the Annual 
Accounts document and yesterday's RNS: 
   "The Board and the Investment Adviser have sought to assess the current 
impact on valuations. Using latest bid prices for quoted investees and 
the Directors' normal determinants of fair value for unquoted investees 
we estimate that the NAV per share has reduced to 56.6p (a drop of 19%) 
as at mid-May (unaudited). The reduction is driven by Ixaris, as airline 
recovery time looks increasingly delayed. 
   First Quarter Results Announcement 
   Given the statement above, we do not currently intend to issue a NAV as 
at 31 May 2020. We will update the market further with our half year 
results to the end of August 2020. We do not currently consider that 
publishing this quarterly result will add any further value to 
shareholders, and not doing so will save some costs". 
   The Board considers that the NAV per share of 56.6p remains a materially 
accurate unaudited valuation as of 20 May 2020, a drop of 19% from the 
audited valuation of 69.6p per share as at 29 February 2020.  The 
unaudited valuation of 56.6p per share was calculated using the closing 
bid price of Scancell Holding plc on 14 May 2020 of 6.8p per Scancell 
   Further information: 
   Lucius Cary or Andrea Mica 01865 784466 

(END) Dow Jones Newswires

May 21, 2020 02:00 ET (06:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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