OTT Oxford Technology 3 Venture Capital Trust Plc

 
TIDMOTT 
 
 
   Oxford Technology 3 VCT Plc 
 
   Update for the quarter ending 30 November 2018 
 
   Oxford Technology 3 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 82.6p. This is a fall of 2.9p from the previously published NAV 
for the period ending 31 August 2018. The decrease in NAV is primarily 
due to a fall in the bid price of Scancell (11.5p to 7.8p). This was 
offset by a small increase in Orthogem's valuation. 
 
   The total return to shareholders including previous dividends of 36.0p 
per share is now 118.6p per share. 
 
   During the quarter, follow on investments were made in Orthogem (GBP83k) 
and Arecor (GBP170k). Abzena shareholders accepted a cash takeover 
(disposal proceeds of GBP32k) and Glide was dissolved (which had no 
effect on the NAV as the investment had already been fully provided 
for). Ixaris Group Holdings has now closed its Entropay subsidiary due 
to changes in VISA regulations. However, this is counterbalanced by the 
rapid growth of its core travel industry payments subsidiary. 
 
   The total number of ordinary shares in issue is 6,785,233. 
 
   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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