Oxford Tech 2 VCT Portfolio Update
07 June 2021 - 04:00PM
UK Regulatory
TIDMOXH
The Board notes that on 3 June 2021 Arecor Therapeutics plc ("Arecor"),
one of Oxford Technology 2 VCT Plc's ("OT2") investee companies, floated
on AIM raising GBP20m via a placing at 226p per Arecor share. The
flotation was a success and the Arecor bid price at close had risen to
238p per Arecor share.
The most recently published unaudited net asset value (NAV) for OT2 at
30 November 2020 was 24.5p per share.
Compared to this last published OT2 NAV, the impact of the Arecor
flotation in isolation is an increase in the OT2 NAV of GBP219k, or 4.1p
per OT2 share.
Further detail -- including an updated OT2 NAV as at 28 February 2021
and 31 May 2021 -- will be available in the annual report which is
expected to be released towards the end of this month.
For further information contact:
Oxford Technology Management
Lucius Cary
01865 784466
(END) Dow Jones Newswires
June 07, 2021 02:00 ET (06:00 GMT)
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