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OTT - Oxford Technology 3 Venture Capital Trust News Story

35p 0.0  0.0%

Last Trade - 30/11/20

Micro Cap
Market Cap £2.37m
Enterprise Value £2.30m
Revenue £-3.15m
Position in Universe 1772nd / 1821

3rd Quarter Results

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Oxford Technology 3 VCT Plc – 3(rd) Quarter Results

Oxford Technology 3 VCT Plc presents its quarterly update for the 3 month
period commencing 1 September 2020. 

The Directors have recently reviewed the valuation of its entire portfolio as
at 30 November 2020.  As previously advised, 303,043 shares in Scancell
Holdings Plc (Scancell) were disposed of following the sharp share price rise
on AIM surrounding news about the novel DNA vaccine against Covid-19 being
worked on by Scancell. Apart from this, the portfolio was unchanged during
the quarter.

The unaudited net asset value per ordinary share as at 30 November 2020 was
38.4p. This represents a decrease of 11.3p from the net asset value per
ordinary share at 31 August 2020. This decrease is mainly attributable to the
fall in the valuation of Ixaris Holdings which continues to suffer from the
global decline in travel and hotel business due to the current pandemic.

The total return to shareholders including previous dividends of 36.0p per
share is now 74.4p per share.

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 2020 and the publication of this statement
which have had a material effect on the financial position of the Company.

The information above is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU No.
596/2014). Upon the publication of this announcement via a Regulatory
Information Service this inside information is now considered to be in the
public domain.

18 December 2020

 Lucius Cary, Oxford Technology Management
 01865 784466

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