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Oxford Technology is the specialist
in the start-up and early stage technology sector
Tax Shelter Report, Allenbridge

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The Oxford Technology VCTs AGM 2020

The AGM for the Oxford Technology VCTs will be held at 2pm on Thursday 9 July 2020.

Following government guidelines, the Oxford Technology VCTs will not be holding a physical AGM. Instead, the AGM will be held using Zoom video conferencing software: the Meeting ID is 837 4817 1146 and password is 764455. You can join the Zoom Meeting using the web address: bit.ly/OTVCTsAGM

You will be able to join the meeting from 1.45pm, and we suggest you join early to allow for any technical difficulties, especially if you are not familiar with Zoom. Alternatively, you can phone 0203 481 5237 then enter the Meeting ID and password above when prompted.

Also, we draw shareholders' attention to the proxy forms from the end of the Annual Report and Accounts document.

OT1 Notice of AGM and Proxy Form

OT2 Notice of AGM and Proxy Form

OT3 Notice of AGM and Proxy Form

OT4 Notice of AGM and Proxy Form

Shareholders will not be able to vote on the day of the AGM, so returning the proxy form will be their only method of voting. Proxy forms must be returned in time to reach Neville Registrars by 2pm on 7 July. Proxy forms can be returned by post to Neville Registrars, Neville House, Steelpark Road, Halesowen, B62 8HD or by email to lottie@nevilleregistrars.co.uk



The Oxford Technology VCTs

VCTs were introduced by the UK Government in 1995 to encourage individuals to invest in UK smaller companies. This was achieved by offering VCT investors a series of tax benefits.

Oxford Technology VCT Plc (OT1) was listed on the London Stock Exchange in April 1997. It raised £4.85m in 1997-98. Further top-up offers have raised an additional £245k.

Oxford Technology 2 VCT Plc (OT2) was listed on the London Stock Exchange in April 2000. It raised £6m in 2000-01. Further top-up offers have raised an additional £468k.

Oxford Technology 3 VCT Plc (OT3) was listed on the London Stock Exchange in 2002. It raised £5.4m in 2002-03. Further top-up offers have raised an additional £995k.

Oxford Technology 4 VCT Plc (OT4) was listed on the London Stock Exchange in 2004. It raised £10.2m. Further top-up offers have raised an additional £679k.



Investment Strategy

All four of the Oxford Technology VCTs have built a balanced portfolio of qualifying investments with the following characteristics at the time of initial investment:

  • Unlisted, UK based, science, technology and engineering businesses (investee companies Scancell Holdings Plc, Abzena Plc and MirriAd Advertising Plc have subsequently listed on AIM, and in 2015 Impact Applications was bought by AIM listed Castleton Technology Plc)
  • Investments typically in the range of £100k to £500k, although a few investments outside this range have been contemplated
  • Generally located within approximately 60 miles of Oxford so that the Company can be an active investor


The key feature of the Oxford Technology VCTs is that they focus on investing in early stage and start-up technology companies. Early stage companies are those which have received some initial sales. Start-up companies are those which are at an earlier stage; they will usually have already developed their initial product or service and be close to achieving their first sales.

The returns from such investments when successful can be highly attractive but the associated risks are high. It is intended that most of this risk will relate more to technical success or failure than to fluctuations in the major financial markets. As a result, the fund can act as a strong diversifier to a shareholder’s overall portfolio by providing exposure to a different risk / reward profile from mainstream markets.

All the Oxford Technology VCTs have been approved as VCTs by HMRC and continues to comply with all statutory requirements.

Companies’ objectives are to maximise shareholder value and so we continue to work with our investee companies to help them succeed and to seek exits as and when appropriate. The aim is to build shareholder value, providing investors with a modest ongoing yield and one-off payments as and when exits are achieved. Distributions to shareholders will be made via dividend payments or, if it is considered to be in shareholders’ interests, using other mechanisms such as buybacks (e.g. a tender offer).



Shareholder Scams

We have recently become aware that our shareholders receive unsolicited phone calls or correspondence concerning investment matters. These are usually from overseas based 'brokers' who target UK shareholders, offering to buy VCT shares off them at an inflated price in return for upfront payment. Alternatively, they may offer to sell shares that turn out to be worthless or non-existent.

Keep in mind that firms authorised by the FCA are unlikely to contact you out of the blue with an offer to buy or sell shares. You can check the Financial Services Register from www.fca.org.uk to see if the person and firm contacting you is authorised by the FCA.

For further information on share fraud and boiler room scams or to report a fraudulent call, please visit the FCA website at www.fca.org.uk/scamsmart

Latest News

Oxford Technology VCTs - Quarterly Updates

The Oxford Technology VCTs have made First Quarter Results Announcements.



For more information, please consult the RNSs using the following links:



OT1 RNS

OT2 RNS

OT3 RNS

OT4 RNS

Thursday, May 21st, 2020

VCT Annual Report and Accounts

The Annual Report and Accounts for OT1, OT2, OT3 and OT4 to 29th Feb 2020 are now available to download:



OT1 VCT Accounts 19-20

OT2 VCT Accounts 19-20

OT3 VCT Accounts 19-20

OT4 VCT Accounts 19-20

Thursday, May 21st, 2020

Oxford Technology VCTs - Annual Accounts 29 February 2020 RNS announcement

The Oxford Technology VCTs have released their Annual Accounts for the year ending 29 February 2020.



For more information, please consult the RNSs using the following links:



OT1 RNS

OT2 RNS

OT3 RNS

OT4 RNS

Thursday, May 21st, 2020

Oxford Technology VCT 2 - Dividend Declaration

Following the receipt of the final proceeds from the sale of OC Robotics earlier in the financial year, the Directors of Oxford Technology 2 VCT Plc are today declaring an interim capital dividend of 1.5 pence per share for the year to 29 February 2020.


For more information, please consult the RNS using the following link:


OT2 RNS

Friday, Janury 24th, 2020

Earlier news stories »