Oxford Tech 3 VCT Net Asset Value
February 24 2022 - 8:30AM
UK Regulatory
TIDMOTT
Oxford Technology 3 VCT Plc -- NAV Update
Oxford Technology 3 VCT Plc ("OT3") announces an update to the
unaudited Net Asset Value ("NAV") of the Company from the third
quarter figures issued to 30 November 2021 based on movements in
its AIM quoted investments and an estimate of running costs.
As at 23 February 2022 the NAV has fallen by 16% from 49.5p to
41.8p.
The share price of both quoted stocks has fallen - Arecor
Therapeutics Plc ("Arecor") (380p to 350p) and Scancell Holdings
Plc ("Scancell") (20p to 13p).
The valuations of other holdings have been left unchanged for
the purposes of this NAV update. Fuller results for the 12 month
period ending on 28 February 2022 will be announced in due
course.
Shareholders should note that for every 10p per share change in
Arecor's bid price, the NAV moves by about 0.7p per OT3 share. For
every 1p per share change in Scancell's bid price, the NAV moves by
about 0.7p per OT3 share.
The total number of ordinary shares in issue is 6,254,596.
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. Upon the publication of this announcement via
a Regulatory Information Service, this information is now
considered to be in the public domain.
24 February 2022
Enquiries:
Lucius Cary
Oxford Technology Management
01865 784466
LEI: 213800TXRQEIU31IP105
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February 24, 2022 08:30 ET (13:30 GMT)
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