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Results of AGM

All resolutions were passed. The results of the 2024 AGM can be seen here

AGM Results

The presentation can be found here

AGM Presentation

Unaudited Half Yearly Report

Presentation

Results

OT1 Class KID

OT2 Class KID

OT3 Class KID

OT4 Class KID

RNS Capital Reduction

OT1 Second General Meeting

OT3 Second General Meeting

OT4 Second General Meeting

OT4 Result of General Meeting RNS

OT2 Result of General Meeting RNS

OT3 Result of General Meeting RNS

OT4 Result of General Meeting RNS

OT2 Result of AGM RNS

OT1 s593 Valuation

OT3 s593 Valuation

OT4 s593 Valuation

OT2 Prospectus

Edition Capital VCT Application Pack

OT1 Covering Letter

OT2 Covering Letter

OT3 Covering Letter

OT4 Covering Letter

OT1 Circular

OT2 Circular

OT3 Circular

OT4 Circular

Edition Capital VCT Key Information Document (KID)

OT2 Proposed New Articles

Proposed Merger RNS

AGM VOTES

OT VCT Q&A

Oxford Technology VCT Plc Strategy Presentation(OT1)

Oxford Technology 2 VCT Plc Strategy Presentation(OT2)

Oxford Technology 3 VCT Plc Strategy Presentation(OT3)

Oxford Technology 4 VCT Plc Strategy Presentation(OT4)

Oxford Technology Management Portfolio Presentation

A video presentation was made by Scancell and can be seen here

The Oxford Technology VCTs AGM 2020

The AGMs for the Oxford Technology VCTs were held virtually at 2pm on Thursday 9 July 2020.

All the resolutions (for each VCT) were passed on a poll. The presentation, which includes details of the proxy votes received in advance, can be viewed here.

The OT VCTs received some questions ahead of the AGM which we present together with answers to those questions here.

If have any further questions, please email vcts@oxfordtechnology.com

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.

OT VCT 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.

OT2 VCT 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.

OT3 VCT 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.

OT4 VCT 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