Oxford Technology 3 VCT plc : Quarterly Update

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
150
Oxford Technology 3 VCT plc : Quarterly Update

Oxford Technology 3 VCT PLC

Update for the quarter ending 30 November 2016

Oxford Technology 3 VCT PLC presents its quarterly update for the period commencing 1 September 2016. 

The Directors have recently reviewed the valuation of its entire portfolio as at 30 November 2016.

The unaudited net asset value per ordinary share as at 30 November 2016 was 82.3p. This is a reduction of 5.0p from the previously published NAV for the period ending 31 August 2016 primarily due to a reduction in the valuation of Glide Pharmaceutical Technologies Limited (Glide). Despite making good progress on the technical front, Glide has struggled to raise funds, and is currently contemplating a round at a significant discount to OT3's current NAV. Glide is 9.4% of this latest NAV.

As announced in our RNS on 16th December 2016 the investment in Allinea has now been sold, yielding an immediate payment of £286k to OT3 with a further £36k to follow.

During the quarter follow on investments were made in Orthogem (£50k) and Arecor (£200k).

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 1 December 2016 and the publication of this statement which have had a material effect on the financial position of the Company.

11 January 2017

Enquiries: Lucius Cary, Oxford Technology Management 01865 784466

Scroll down for more posts ▼

Top 10 Most Recent News Articles

PROYA Skincare Expands to Ulta: A Scientific Ambition

Updated Category News Views 89

A New Chapter for PROYA Bet you didn't see this one coming: a leading Chinese beauty brand, PROYA, is throwing its hat into the North American skincare ring, rolling out its science-backed skincare line nationwide at Ulta Beauty. The same brand that's been big news across Asia is now setting its sights on the U.S. with a stunning array of products that don't just promise...

Continue Reading
Genesys Works Nets Grant to Boost Youth Career Access

Updated Category News Views 106

A Windfall for Career Readiness Here’s a nugget of hope wrapped in a crisp announcement: Genesys Works, the not-for-profit that’s been busy nuancing the work-play balance for high school kids, is rolling with a $4 million boost from Ballmer Group. This move isn’t just pennies from heaven; it's a strategic play designed to gird young folks for the evolving demands of...

Continue Reading
Navigating Idaho's Massage Therapy School Pathways

Updated Category News Views 98

Cracking the Idaho Massage School Code Idaho folks diving into massage therapy education need a playbook—timing, training, and all the bumps along the way. This journey's not just book reading and back rubs; it’s a structured affair with rigid hours and some bureaucratic hurdling. Thank goodness for Kylee Evans, who’s spilling the beans on what goes down in Idaho...

Continue Reading
Lululemon Lawsuit Looms: Investors Face Key Decisions

Updated Category News Views 22

Seems Lululemon just tripped on its yoga mat. When a company like Lululemon Athletica, Inc (NASDAQ:LULU) sees a 17.38% slide in stock, every savvy investor knows there's more beneath the surface. Squarely in the crosshairs of a securities fraud class action, the brand synonymous with upscale athleisure faces harsh scrutiny. And the deadline's ticking—even the suits know...

Continue Reading
VinFast's Radical Mileage Warranty: Game-Changer?

Updated Category News Views 88

Revving Up: VinFast's Bold Battery Bet Some days it feels like every automaker is just looking for ways to tether drivers to mileage limitations, but VinFast is ripping up the rulebook. Their promise of a 10-year, unlimited-mileage battery warranty has got tongues wagging, and for good reason. Under typical policies, drivers with long commutes or adventurous spirits face...

Continue Reading
African Scholars Uncover Cangxi's Cultural Strategies

Updated Category News Views 28

Discovering Cangxi's Development Playbook Picture this: a band of African scholars deep-diving into China's rural heartland, Cangxi, in Sichuan province, trying to unlock the secrets behind its impressive cultural and industrial achievements. On November 4, a delegation from the Horn of Africa arrived as part of a training workshop organized by China's Ministry of Foreign...

Continue Reading
CytoSorbents Hits Financial Milestone in Q3 2026

Updated Category News Views 46

CytoSorbents' Financial Turnaround Imagine the smell of fresh opportunity wafting through CytoSorbents’ (NASDAQ:CTSO) corridors this quarter. The company just nudged into positive territory with its operating cash flow, which, let’s be honest, is like finding a nugget of gold amid last year’s rubble of losses. With $43,000 of positive operating cash flow in a world...

Continue Reading
HelloNation Elevates Contractors' Expertise at PHCC NC

Updated Category News Views 27

Times are changing, and the digital landscape keeps morphing—who can keep up? That's exactly what's on the agenda as McKenzie Finkhousen and Alton Baird lead HelloNation into the 2026 PHCC of NC Annual Meeting. This ain't just another LinkedIn meet-up—this is a proper gathering of minds in plumbing, heating, and cooling biz right at Harrah's Cherokee Casino Resort....

Continue Reading
DIR Launches WineWalrus: A New Era for Wine Lovers

Updated Category News Views 53

The Wine Industry's Digital Splash Ah, the wonderful world of wine—a place where culture, taste, and that sweet bouquet of a well-aged vintage collide. It’s no secret that the wine industry is a cash cow, raking in more than $323 billion annually in the U.S. alone. Digital Information Resources (DIR), a savvy player in tech and media circles, decided this bubbling...

Continue Reading
Tax Strategies for Small Businesses Before Year-End

Updated Category News Views 106

Understanding the Importance of Year-Round Tax Planning Every small business owner dreads the tax season—like a thunderstorm on a picnic day. But here's a nugget from Paul Kersten, an Accounting and Tax whiz in Shawano, Wisconsin: don't wait until April to sort your taxes. By then, it's all receipts and regrets. Instead, consider tax planning as a year-long vigil. Why?...

Continue Reading

Top 5 Most Recently Viewed Articles

Pagaya Technologies Secures $300 Million Auto Loan Funding

Updated Category News Views 175

Pagaya Technologies Strengthens Financial Position with Auto ABS Pagaya Technologies LTD. (NASDAQ: PGY), a leading global technology firm, has achieved an important milestone in its journey by successfully closing a substantial $300 million auto asset-backed securitization (ABS) transaction. This notable achievement, labeled RPM 2025-1, reflects Pagaya's innovative...

Continue Reading
Celebrating Excellence: Hilgers Graben Attorneys Shine in Legal Community

Updated Category News Views 296

Acknowledging Legal Excellence in Dallas Hilgers Graben’s Dallas office continues to make significant strides in the legal community, gaining noteworthy recognition. The managing partner, Grant Schmidt, along with senior counsel Andrew Bean, have both secured a spot on D Magazine’s distinguished list of the 'Best Lawyers Under 40.' This annual accolade celebrates...

Continue Reading
Tifiany Walker of Walker Healthforce: EY Entrepreneur Finalist 2025

Updated Category News Views 327

Earning Recognition in the Entrepreneurial Landscape Walker Healthforce, led by the inspiring Tifiany Walker, has made a significant mark in the entrepreneurial scene, recently being honored as a finalist for the Entrepreneur Of The Year 2025 Award. This initiative, celebrating its 40th year, has been the pinnacle of acknowledging business leaders who are not just...

Continue Reading
MerryLife Biomedical's TML-6 Shows Promise in Alzheimer's Trials

Updated Category News Views 142

Positive Phase 1 Results for TML-6 MerryLife Biomedical Inc., an innovative clinical-stage biotechnology company focused on neurodegenerative diseases, recently shared encouraging news about their investigational oral therapy, TML-6, targeting Alzheimer's disease. The recent Phase 1 trial indicated that TML-6 was well-tolerated and exhibited a favorable safety profile,...

Continue Reading
Clariant's Strong Q4 Results Signal Positive 2025 Outlook

Updated Category News Views 305

Impressive Quarterly Performance Clariant recently reported exceptional financial performance for the fourth quarter of 2024, showcasing growth across all its business segments. The company achieved sales of CHF 1.091 billion, reflecting a 5% increase in local currency compared to the previous year. This rise in sales can be attributed to a significant volume increase,...

Continue Reading