OTT Oxford Technology 3 Venture Capital Trust Plc

 
TIDMOTT 
 
 
   The Board notes that on 7(th) of June Nium, a leading global B2B 
payments platform, announced that it had signed a definitive agreement 
to acquire Ixaris Group Holdings ("Ixaris"). The transaction is for cash 
and is expected to complete in the third quarter of 2021. Oxford 
Technology 3 VCT Plc ("OT3") has been an investor in Ixaris since August 
2002 and this will be a profitable exit. 
 
   The most recently published unaudited NAV for OT3 as at 30 November 2020 
was 38.4p per share. 
 
   Compared to this last published OT3 NAV, the impact of this transaction 
in isolation is a reduction in the unaudited net asset value (NAV) of 
GBP158k, or 2.3p per share. 
 
   Further detail -- including an updated OT3 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 10:47 ET (14:47 GMT)

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