Oxford Technology 2 VCT Plc's Quarterly Performance Highlights
Quarterly Report Release Date: 17 June 2025
Company Overview: Oxford Technology 2 VCT Plc is excited to share its quarterly update for the three-month period concluding on 31 May 2025. During this time, the Directors conducted a thorough review of the valuation of the entire portfolio, which is crucial for assessing the company's financial health.
Net Asset Value Overview
The unaudited net asset value (NAV) per share for each class as of 31 May 2025 has been reported, paralleling the details provided in the recently released Annual Report. Understanding the NAV is vital, as it reflects the company's worth on a per-share basis.
This quarter, each share class's NAV figures are as follows:
| Share Class | Unaudited NAV (p/share) | Audited NAV (p/share) | Change in NAV (%) | Cumulative Dividends (p/share) | Total NAV Return (p/share) | Shares in Issue |
|---|---|---|---|---|---|---|
| OT1 | 37.7 | 36.6 | 3.1% | 55.0 | 92.7 | 5,431,655 |
| OT2 | 15.8 | 15.2 | 4.1% | 22.5 | 38.3 | 5,331,889 |
| OT3 | 15.0 | 15.1 | -0.3% | 42.0 | 57.0 | 6,254,596 |
| OT4 | 18.3 | 19.8 | -7.6% | 48.0 | 66.3 | 10,826,748 |
Investment Updates and Portfolio Management
This quarter's NAVs reflect recent market activities, including changes in the bid prices of key investments. Arecor Therapeutics plc's share price has decreased to 42p, down by 6p since the last report. On the contrary, Scancell Holdings Plc's shares have seen an increase of 1.4p, now valued at 9.5p. Such movements are vital indicators of the health of our portfolio and highlight potential sectors for investors.
The Directors also confirmed that the carrying costs of unquoted investments have remained stable since the end of February, except for the newly undertaken investment in ImmunoBiology Limited (“ImmBio”). Our commitment in ImmBio spans £40,000 in the current period, with £30,000 allocated from the OT2 Share Class and £10,000 from the OT3 Share Class.
Notably, Mirriad Advertising Plc has been completely disposed of from the OT4 Share Class portfolio due to its negligible value. This decision reflects our continuing approach to maintain a robust and valuable portfolio, striving for optimum returns for our shareholders.
Shareholder Considerations and Corporate Governance
Shareholders are encouraged to examine the Chairman’s statement from our recent Annual Financial Statements, which offers insights into how fluctuations in share prices affect the net asset value per share across different share classes. This transparency is essential for shareholders to comprehend the dynamics of their investment.
As of the end of May 2025, the Company had issued a total of 27,844,888 shares across all categories. This count is significant for shareholders in understanding their stake in the company. We do not hold any treasury shares, ensuring that all voting rights are held by the stakeholders, fostering a transparent and collaborative environment.
Furthermore, there have been no other events or transactions that have come to the Directors' attention which would materially impact the Company's financial status since the reporting date. This commitment to integrity and transparency is what we strive for at Oxford Technology 2 VCT Plc.
Contact Information
If you have any questions or require more information, please reach out to:
Lucius Cary
Oxford Technology Management
Phone: 01865 784466
Frequently Asked Questions
What is the significance of the NAV?
NAV, or Net Asset Value, indicates the company's value on a per-share basis and is essential for investors assessing performance.
Why was there no dividend paid in this quarter?
No dividends were distributed, as our focus is on investing in growth opportunities for the company.
How does the company's investment in ImmBio affect its financials?
The investment in ImmBio is anticipated to contribute positively to the company's portfolio and provides diversification.
What should shareholders pay attention to in the Annual Report?
Shareholders should focus on the Chairman's statement and the NAV changes, as these provide insights into investment strategies and company performance.
How can I track changes in my share classes?
Tracking NAV changes and announced reports will allow shareholders to keep abreast of how their investments are performing.
