Oxford Technology 3 VCT PLC
Interim Management Statement
For the six months commencing 1 September 2013
Oxford Technology 3 VCT PLC presents its interim management statement for the period commencing 1 September 2013, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3
The Directors reviewed the valuation of its entire portfolio at a Board meeting on 5December 2013.
The unaudited net asset value per ordinary share as at 30 November 2013 was 93p. This is a fall of 7p per share from the last quarter ending 31 August 2013. This is mainly due to a fall in the price of shares in Scancell Plc, which is quoted on AIM.
The total number of ordinary shares in issue is 6,785,233.
During the quarter, a follow on investment in Polytherics (£53k) was made. There were no disposals.
Since 30 November 2013, the price of shares in Scancell has risen following a successful round of medical trials. Due to this, as at 19 December 2013, the unaudited net asset value per ordinary share would be 98p per share. This is a rise of 5p per share from 30 November 2013.
The Directors are not aware of any other events or transactions which have taken place between 31 August 2013 and the publication of this statement which have had a material effect on the financial position of the Company.
19 December 2013
Enquiries:
Lucius Cary, Oxford Technology Management
01865 784466