OXFORD TECHNOLOGY VENTURE CAPITAL TRUST PLC (OXT)

Blog posts

Changes at Oxford Technology VCTs

Announcements were made last week about further changes at the four Oxford Technology VCTs and the financial results for the year were also published. These companies experienced somewhat of a revolution last year after two of them narrowly escaped losing their Venture Capital Trust tax status. New directors were appointed to them at that time. This is what is said by the Chairman in one of the Annual Reports about that problem: "Since taking up our appointment, the new Directors of the ...

Post Date: July 5, 2015 Read more

Oxford Technology VCTs and Scottish Independence

Today the two Oxford Technology VCTs that were threatened with withdrawal of VCT status have announced that the changes required by HMRC to enable them to retain VCT status have been achieved and accepted by HMRC. Presumably that has required the disposal of some of the Scancell shares that were the source of the difficulty and that has been confirmed in the announcements. This therefore probably concludes the campaign on these VCTs that ShareSoc mounted as there has been an almost complete ...

Post Date: September 12, 2014 Read more

New boards elected at Oxford Technology VCTs

Today all four of the Oxford Technology VCTs held their Annual General Meetings. The meetings were well attended as Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) previously had their VCT status withdrawn by HMRC, although this has now been temporarily "set aside" while an appeal is processed. ShareSoc formed a "Shareholder Action Group" with a committee of interested shareholders to make representations on this matter and protect their interests. We also pushed for changes to the corporate governance of these ...

Post Date: August 27, 2014 Read more

Oxford Technology VCTs and Baronsmead VCT 3

ShareSoc has organised a meeting for those investors in the two Oxford Technology VCTs who are affected by the withdrawal of VCT status. It is scheduled for the 20th May in the City of London. Although the companies have submitted an appeal letter to HMRC, there is some doubt as to whether the appeal will be successful. See this web page for more details of the issues, and how to register for the meeting if you wish to attend: www.sharesoc.org/campaigns/oxford-technology-vcts/. The ...

Post Date: April 16, 2014 Read more

ShareSoc launches Group for concerned shareholders in the Oxford Technology VCTs

The Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) have announced that HMRC has withdrawn their VCT status. This has been done because one of the Venture Capital Trust rules is that no more than 15% of a fund can be invested in one company. Both these companies have a holding in Scancell, an AIM listed company, and the share price of Scancell rose rapidly so that the rule was inadvertently breached as a result of a small funding ...

Post Date: March 21, 2014 Read more

Oxford Technology VCTs lose VCT status

Post Date: March 13, 2014 Read more

AGM Reports

Oxford Technology VCT AGMs 2020

The 2020 Oxford VCT AGMs were held via a Zoom video conference on Thursday 9th July. Links to all four Annual Reports (year ending Feb 2020) can be found on the Oxford Technology VT home page: https://www.oxfordtechnologyvct.com/ At this year’s AGM there were 30 (plus) attendees so the number of ordinary shareholders who logged in was probably around 25 (only slightly higher than the attendance last year). The meeting commenced at 14:00 with a brief welcome and some housekeeping rules from the ...

Post Date: July 14, 2020 AGM Date: July 9, 2020 Author: Tim Grattan Read more

Oxford Technology VCTs (OXT, OXH, OTT, OXF) AGM Report 2019

The 2019 Oxford VCT AGMs were held earlier this week (Wednesday 3rd July) at the Oxford Technology VCT offices, The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA. Links to all four Annual Reports (year ending Feb 2019) can be found on the Oxford Technology home page: http://www.oxfordtechnology.com/ At this year’s AGM there were probably around 20 ordinary shareholders present, slightly down on last year. The meeting commenced at 14:00 and after a brief welcome from the OT1 chairman we had a presentation ...

Post Date: July 14, 2019 AGM Date: July 3, 2019 Author: Tim Grattan Read more

Oxford Technology VCTs (OXT, OXH, OTT, OXF) AGM 2018

The 2018 Oxford VCT AGMs were held last week (Thursday 12th July) at the Oxford Technology VCT offices, The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA. Links to all four Annual Reports (year ending Feb 2018) can be found on the Oxford Technology home page: http://www.oxfordtechnology.com/ There were probably around 25 ordinary shareholders present at this year's AGM. The meeting commenced at 11.00 starting with a brief portfolio review from the Manager with Q&As, this was followed by the four AGMs then ...

Post Date: September 5, 2018 AGM Date: July 12, 2018 Author: Tim Grattan Read more

Oxford Technology VCTs AGMs (OXT, OXH, OTT and OXF)

The 2017 combined Oxford VCT AGMs were held last Wednesday (5th July) at the Oxford Technology offices, The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA. Write-ups for the five previous Oxford Technology VCT AGMs can be found on the old defunct Motley Fool web site: 2016: https://tinyurl.com/ybaahrz2 2015: https://tinyurl.com/ybucbnx8 2014: http://tinyurl.com/j6qzvfx 2013: https://tinyurl.com/ya97oz6l 2012: https://tinyurl.com/y7x8fgwh At this year’s AGMs there were probably around 20 ordinary shareholders present (probably slightly down on last year). The meeting commenced at 11.00 starting with a brief review from the Manager, this ...

Post Date: July 5, 2017 AGM Date: July 5, 2017 Author: Tim Grattan Read more

Oxford Technology VCTs (OXT) AGM Report 2016

The 2016 Oxford VCT AGMs were held at the end of last week (Friday 8th July) at the Oxford Technology VCT offices, The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA. The write ups for the four previous Oxford Tech AGMs can be found here: 2015: http://boards.fool.co.uk/the-combined-oxford-vct-agms-were-held-earlier-13259762.aspx 2014: http://tinyurl.com/j6qzvfx 2013: http://boards.fool.co.uk/timbo-and-i-travelled-up-to-oxford-together-for-12841171.aspx 2012: http://boards.fool.co.uk/oxford-technology-vcts-agm-report-12591778.aspx At this year’s AGM there were probably around 25 ordinary shareholders present (about the same as last year). The meeting commenced at 11.00 starting off with a brief review from the Manager, this was ...

Post Date: July 15, 2016 AGM Date: July 8, 2016 Author: Tim Grattan Read more

Oxford Technology VCTs (OXT) AGM Reports 2014

On the 27th August I attended the Annual General Meetings of the four Oxford Technology VCTs in Oxford. These are held in a rather unusual way with all four meetings being effectively combined except for the formal business and with David Livesley chairing much of the event, but with the individual company chairmen responding on specific points. I have referred to the "Chairman" below at the time rather than naming individuals. The companies do of course have a lot of common shareholders and a number of ...

Post Date: August 29, 2014 AGM Date: August 27, 2014 Author: Roger Lawson Read more

ShareSoc News

New boards elected at Oxford Technology VCTs, after campaign by ShareSoc

PRESS RELEASE 59 New boards elected at Oxford Technology VCTs, after campaign by ShareSoc. Today all four of the Oxford Technology VCTs held their Annual General Meetings. The meetings were well attended as Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) previously had their VCT status withdrawn by HMRC, although this has now been temporarily "set aside" while an appeal is processed. ShareSoc formed a "Shareholder Action Group" with a committee of interested shareholders to make representations on this matter and protect ...

Post Date: August 27, 2014 Read more

ShareSoc welcomes announcement of changes at the Oxford Technology VCTs

PRESS RELEASE 57 (31/07/2014) The Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) previously had their VCT status withdrawn by HMRC, although this has now been temporarily "set aside" pending an appeal. ShareSoc formed a "Shareholder Action Group" with a committee of interested shareholders to make representations on this matter and protect their interests. We also pushed for changes to the corporate governance of these VCTs including changes in the directors (see the note dated the 1st July on this web ...

Post Date: July 31, 2014 Read more

ShareSoc launches Group for concerned shareholders in Oxford Technology VCTs

PRESS RELEASE 55 (21/03/2014) The Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) have announced that HMRC has withdrawn their VCT status. This has been done because one of the Venture Capital Trust rules is that no more than 15% of a fund can be invested in one company. Both these companies have a holding in Scancell, an AIM listed company, and the share price of Scancell rose rapidly so that the rule was inadvertently breached as a result of ...

Post Date: March 21, 2014 Read more

Group description:	Group focused on active investing, primarily in small / medium cap UK equities.
Meeting Type/Venue:	Zoom.
Meeting Frequency/Timing:	Monthly on Saturdays at 10am.

Group description:	We hold monthly in-person meetings with possible exceptions in August and December. Discussions are generally on the topic of investment strategy and potential companies of interest. Each member is expected to make an investment-related presentation approximately once a year.
Meeting Type/Venue:	We meet in a private room at a pub around 7 miles SW of Oxford. We usually each order a dish from the pub menu that is served during the meeting.
Meeting Frequency/Timing:	Meetings are in-person, monthly on the 4th Tuesday of the month at 7pm. Typical meetings last 2 to 2.5 hours.

Group description:	Our group is a broad church that contains investors of varying age and experience. We discuss stocks and investment trusts that we have bought, sold or are interested in and the reasons behind our decisions, and try to make sense of the ever changing investment environment. Our members backgrounds are diverse and include corporate banking, engineering, teaching and the leisure industry. Discussions are robust and challenging but tend to be to be informal, and do not generally involve agendas, presentations or detailed preparation.
Meeting Type/Venue:	Our meetings are held on Zoom, although we are all based around London so try to meet centrally for lunch from time to time.
Meeting Frequency/Timing:	We meet every 2 months, generally midweek at 10.30am.

Group description:	Meeting once a month, our group covers a variety of investment styles. We also have an active WhatsApp group and we welcome new members.
Meeting Type/Venue:	Physical meetings at a venue in Preston, Hitchin, SG4.
Meeting Frequency/Timing:	Monthly on a Saturday at 10am (usually the last Saturday of the month).

Group description:	Experienced investors who have been members many years and newer members wanting to learn about investing. Members discuss portfolio content and reasons why they have certain assets and investments. Buys and sells discussed along with interesting shares being considered along with current issues in the market of local or international influence.
Meeting Type/Venue:	Physical face to face meetings held in a central pub in Easton in Gordano.
Meeting Frequency/Timing:	Usually monthly to 6 weekly, mid week 12 noon to 2pm with lunch.

Group description:	A small group whose primary interests are equity and Investment Trusts.
Meeting Type/Venue:	Currently meeting online using Skype. It is envisaged to have occasional meetings at member’s private houses in the future.
Meeting Frequency/Timing:	Meetings are held fortnightly on Tuesday mornings using Skype.

Group description:	Our group covers a wide spectrum of mainly stock market investing and trading from equities – which include shares, ETF’s Investment and Unit Trusts – mainly UK and USA, but also some spread betting and financial options. We normally rotate the meeting chairperson (responsible for creating, with member’s help, suitable agendas) and a meeting presenter (members take it in turns to provide a 15 to 45 minute presentation on a subject of their choice). Various investing topics of interest are regularly discussed such as software, brokers, investing categories and markets and any related topics of interest.
Meeting Type/Venue:	Following Covid, this group hasn’t yet reconvened at their previously regular meeting venue which is in a private room within a west London golf club. In the meantime, meetings are held via videoconferencing. Part of the reason is that some members have moved away and some prefer meeting in person. So our aim is to recruit new members to ensure a continued regular in person meeting.
Meeting Frequency/Timing:	Meetings are held on the second Wednesday of each month in the afternoons, following a golf club one course lunch for our in-person meetings.