Oxford Technology Notice Of Agm And Shareholder Presentations
22 Juli 2021 - 8:26AM
UK Regulatory
TIDMOXT
Copies of the Annual Report and Accounts of the Company in
respect of the financial period ended 28 February 2021 and the
Notice of Annual General Meeting and Shareholder presentation
meetings to be held on 25 August 2021, 28 July and 12 August have
been posted to shareholders. Copies of the Annual Report and Proxy
Forms are available on the
https://www.globenewswire.com/Tracker?data=q6FcUzkVD-bNStH3xq3TcnTcqOWttRAfkAmTwx3m7WGLQquk6zTcRkXNBBUnCYieiTrX1_HEzMQa0iBngfUzgZufO0og1P-HxguC2_Hu9wIh71vTjFqs3vytyq-6JMKs
www.oxfordtechnologyvcts.com website and the text of the
accompanying letter sent out is copied below. Please sign up for
the meetings at https://forms.gle/oTHUsj7dquSwpCug7
Dear Shareholder,
I am pleased to announce that the Annual Accounts for the year
ended 28 February 2021 are now available for download from
www.oxfordtechnologyvct.com/vct1.html.
The Company's net asset value per share has increased by 5.0p
from 44.7p as at 29 February 2020 to 49.7p as at 28 February 2021.
The increase is primarily due to an increase in the value of
Scancell, albeit offset by a reduction in the value of the
Company's stake in Select Technology. Quarter one then saw the
Scancell share price fall and the Company's unaudited net asset
value was 45.6p at 31 May 2021.
Shareholders in your Company's sister VCTs will be aware of
Arecor Therapeutics Plc, founded in 2007. Arecor was listed on AIM
on 3 June 2021, and your Company made a GBP90,000 VCT-qualifying
subscription for new Arecor shares, funded by a small divestment of
Scancell shares. More information will be provided in the half year
update to 31 August 2021. The Directors are of the view that Arecor
has a promising future, and that having two AIM-listed holdings in
your Company's portfolio will provide resilience as we ensure
compliance with the VCT qualifying tests.
After hosting last year's AGM via electronic means, we had hoped
to return to full normality for this year's event, while also
recognising the convenience of enabling virtual participation.
Having not had the chance to meet shareholders for over two
years, we are therefore planning the following shareholder
interactions to maximise the opportunity for shareholder
involvement during the holiday period:
-- Wednesday 28 July 2021 at 2pm: An informal shareholder meeting held in
person in Oxford, providing an opportunity for a face-to-face meeting
with shareholders. The agenda will include a presentation from OTM
followed by a shareholder Q&A to include future strategy. There will be
investee video presentations by Arecor, Scancell and Select. If you
intend to attend this session, please notify us in advance by email to
mailto:vcts@oxfordtechnology.com vcts@oxfordtechnology.com in case there
are changes to arrangements that need to be communicated at short notice.
-- Thursday 12 August 2021 at 10.30am: webinar -- a repeat of the above
shareholder event, but held online, and using chat/email facility for
shareholder Q&A. Details for how to register for this event will be on
the website: http://www.oxfordtechnologyvct.com
www.oxfordtechnologyvct.com.
We will also put any of the investee company video presentations
on the website.
-- Wednesday 25 August 2021 at 10.30am: Virtual AGM. This will be a meeting
to consider the formal business of the AGM. All voting will be by poll
(i.e. not using a show of hands), so please ensure that you return your
proxy forms as soon as possible (and in any event by 10.30am on 23 August
2021) and / or register your votes with your broker if your shares are
held with nominees. It is strongly encouraged that you appoint the
Chairman of the AGM as your proxy to enable the orderly conduct of voting
at the AGM. Please refer to the Notice of AGM for further details
regarding lodging a proxy form. Please send in any questions you have,
and we will seek to answer them at the meeting and also put up a Q&A
section on the website.
We hope shareholders will appreciate the flexibility being
offered.
May we also take this opportunity to remind shareholders that it
is legal requirement to declare if you are resident for tax
purposes outside of the UK according to the Common Reporting
Standards. If this does apply to you please contact us or the
Registrars directly for the relevant links to self
certification.
Yours sincerely,
Alex Starling
Chairman
(END) Dow Jones Newswires
July 22, 2021 02:26 ET (06:26 GMT)
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