Date | Subject | Author | Discuss |
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24/7/2020 09:26 | There is a detailed report on Oxford Technology VCT's recent AGM which can be found in our members area here: hTTps://www.sharesoc.org/agm-reports/oxford-technology-vct-agms-2020/
To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/ |  sharesoc | |
16/7/2019 10:43 | There is a detailed report on Oxford Technology VCT's recent AGM which can be found in our members area here: hTTps://sharesoc.ning.com/xn/detail/6389471:Comment:53466
To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/ |  sharesoc | |
05/7/2019 06:59 | Any news from the July 2019 AGMs? |  djt59 | |
06/9/2018 10:58 | There is a recent report in our members on the Oxford Technology VCT AGM which can be found here: hTTps://www.sharesoc.org/members-area/ |  sharesoc | |
16/7/2017 18:52 | There is a recent AGM report on Oxford Technology VCT available here: hTTps://www.sharesoc.org/members-area/
To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/ |  sharesoc | |
14/7/2017 12:37 | Timbo, many thanks for the clear summary.
I had hoped that Plasma Antenna might get a mention (OT2 has 6.7%, others have more I think), as they look like they have their finger in a potentially big pie and have even been updating their web site.
hxxp://plasmaantennas.com/news-and-events/ And I see Richard Roth is a shareholder.
Pity OT2 is now "sub-economic"!
OCR, hm, pity we don't know more than that hint, not that any such info has a financial value of course! [As in gives us a better return]
Thanks again
Dave |  djt59 | |
12/7/2017 11:29 | >>>>>DJT
Notes from the 2017 AGM can be found here:
https://www.lemonfool.co.uk/viewtopic.php?f=25&t=6265 |  timbo003 | |
06/7/2017 14:33 | >>>>DJT
Yes, I went along
Quite a lot to report
The companies presenting were Castleton (OT4), Arecor (OT2, OT3 and OT4) and Immubiology (OT2, OT3 and OT4)
I'll write up a few notes this evening/tomorrow |  timbo003 | |
06/7/2017 11:52 | Anyone go to the OXT, OXH etc AGM(s) 2017-07-06?
Did any companies present?
Were there any company updates?
I'm interested in OXH (VCT 2) as well as OXT (VCT 1)
I normally go but missed it this year, but at science park, not stadium, I see!
Cheers |  djt59 | |
04/11/2014 16:08 | £1,500 director buy puts 300k on to MC,I could buy 15k the other day at 59p |  balcony | |
05/8/2014 08:35 | ShareSoc's voting recommendations for the rescheduled AGMs: |  timbo003 | |
05/8/2014 08:33 | New Proxy Forms for rescheduled AGM (for Oxford Tech 3 VCT) |  timbo003 | |
05/8/2014 07:49 | Here's the remuneration policy referred to in the letter to OT3 shareholders, a couple of things to note.
* See how the managers fee dwarfs that of the director's remuneration, exactly what is the manager doing to earn that sort of fee (£400K across the 4 VCTs with total assets of about £20M), now the fund is in run off?
* See also what a total rip off the manager's performance fee is. All the manager has to do is return the original capital (£1/share) and then he pockets 15% of everything above that. That is not a performance fee, that is a fee for performing somewhat worse than cash in the bank. |  timbo003 | |
05/8/2014 07:47 | See below my copy of the letter Lucius sent out to Oxford Tech 3 VCT shareholders on Friday (Oxford Tech VCT shareholders received a similar letter).
It is not often a shareholder action group achieves such an unqualified success, we have got just about everything we asked for.
All we want now is for HMRC to permanently revoke the decision to withdraw VCT status and for the new directors (vetted and approved buy ShareSoc) to sort out the mess.
One other thing to note: A merger of the 4 VCTs is now on the agenda, a merged VCT may have to sell a few Scancell shares to get under the 15% holding threshold. |  timbo003 | |
31/7/2014 17:30 | ShareSoc press release now out welcoming today's news:
http://www.sharesoc.org/campaigns5.html
http://oi62.tinypic.com/2gts13p.jpg" width="700" height="1100"> |  timbo003 | |
31/7/2014 14:11 | Link to today's today's announcements from Oxford Tech VCT and Oxford Tech 3 VCT, which together hold >5% of Scancell.
http://www.investegate.co.uk/oxford-technology--oxt-/gnw/oxford-technology-vct-plc---directorate-change/20140731122818H5402/
http://www.investegate.co.uk/oxford-tech-3-vct--ott-/gnw/oxford-technology-3-vct-plc---directorate-change/20140731140857H5444/
Three new directors, including a Foolish one (good luck Tolmers!)
The manager is stepping down from the Board on OT1 and OT3 (Did he jump before he was pushed? He was up for re-election on both OT1 and OT3 this year).
No doubt there will be more news to follow shortly.
Result! Give your self a pat on the back ShareSoc. |  timbo003 | |
21/7/2014 17:36 | This email from ShareSoc went out to OT1 and OT3 shareholders earlier today:
Update 21/7/2014: Roger Lawson, Deputy Chairman of ShareSoc, has sent a letter to Lucius Cary concerning the lax voting arrangements at the Oxford Technology VCTs. You can read it here:
http://www.sharesoc.org/Cary%20Letter%202014-07-21.pdf
We consider this an important matter so as to ensure that all shareholders in these companies get the opportunity to vote and are aware of the Annual General Meetings of these companies (now rescheduled to the 27th August).
We understand that new Notices of the AGMs will be issued together with revised (i.e. replacement) proxy voting forms. We will reconsider our voting arrangements and give further advice on how to vote as soon as we see the new resolutions and any proposed changes (which of course we have been pushing for). More news will follow as more is publicly disclosed. |  timbo003 | |
01/7/2014 09:03 | The ShareSoc Oxford Tech VCT Action Group has today issued a note on the Corporate Governance issues at the Oxford Tech VCTs with some recommendations on how they should be improved:
http://www.sharesoc.org/campaigns5.html |  timbo003 | |
18/6/2014 17:56 | See latest update from the Investors Chronicle which published online today, so presumably it will appear in the print edition on Friday:
http://www.investorschronicle.co.uk/2014/06/18/funds-and-etfs/vcts-and-eiss/oxford-vcts-invite-shareholders-to-become-neds-YKJztBavdHEg1yO7VTbpFL/article.html |  timbo003 | |
15/6/2014 20:19 | The ShareSoc OXTAG reaction to the invitation to fill out and return the proxy forms (also included in the letter) went out to shareholders via email today.
Snail mail letters are due to be posted tomorrow.
http://www.sharesoc.org/Proxy-Voting-Recommendations.pdf |  timbo003 | |
15/6/2014 17:52 | This letter was sent to OT3 shareholders at the end of last week, OT1 shareholders also received one (which was very similar). |  timbo003 | |
10/6/2014 15:18 | Date change for the Oxford Tech AGM (applies to all 4 VCTs)
http://www.investegate.co.uk/oxford-technology--oxt-/gnw/oxford-technology-vct-plc---agm-statement/20140610153832H1781/
Which makes quite a lot of sense.
The possible only downside is that they might not be able to line up all the speakers for the new date (Avid readers of the OXTAG updates, will have been aware that Scancell were down to give a presentation on the original date)
Oxford Technology VCT Plc today announces that the Annual General
Meeting has been rescheduled. It had been previously announced that it
would be held on Wednesday 9(th) July. It will now be held at 12 noon
on Wednesday 27(th) August.
On 7(th) March VCT approval was withdrawn from OT1 and OT3. On 26(th)
March Oxford Technology appealed against this decision. On 6(th) June
HMRC set aside this decision.
HMRC will now consider afresh whether it will be appropriate to withdraw
VCT status from OT1 and OT3, and to assist their consideration of this
matter they have invited Joseph Hage Aaronson LLP to make additional
representations relating to the issue. We hope that the position will
be clearer by the 27(th) August and this is the reason for the postponement. |  timbo003 | |
08/6/2014 22:40 | OXTAG have now issued an update following Fridays news:
http://www.sharesoc.org/campaigns5.html |  timbo003 | |
06/6/2014 13:27 | Excellent news
http://uk.advfn.com/news/UKREG/2014/article/62477783
http://uk.advfn.com/news/UKREG/2014/article/62477783
No idea what HMRC are going to do next, hopefully it will be to rescind the decision entirely, although there will almost certainly be conditions attached
6 June 2014
Oxford Technology VCT Plc: notice to shareholders: HMRC set aside
decision of 7 March 2014 to withdraw VCT approval and will reconsider
afresh the issue of withdrawal of VCT approval
Following consideration of a legal opinion given on behalf of the Oxford
VCTs by Graham Aaronson QC and Jonathan Bremner of Counsel, instructed
by Joseph Hage Aaronson LLP, HMRC have today notified Joseph Hage
Aaronson LLP that the decision dated 7 March 2014 to withdraw venture
capital trust approval from Oxford Technology VCT Plc ("OT1") and Oxford
Technology 3 VCT Plc ("OT3") has been set aside.
HMRC will now consider afresh whether it will be appropriate to withdraw
VCT status from OT1 and OT3, and to assist their consideration of this
matter they have invited Joseph Hage Aaronson LLP to make additional
representations relating to the issue.
The effect of this is that the VCT status of OT1 and OT3 is, at the
moment, to be treated as not having been withdrawn so that shareholders
need not take any steps in relation to this matter. If, in the light of
the further representations HMRC decide that VCT approval should not be
withdrawn then that will conclude the matter so far as the shareholders'
tax position is concerned.
If, on the other hand, HMRC decide that such approval should be
withdrawn, then shareholders will be notified accordingly and will need
to consider what steps they should take. |  timbo003 | |