OXFORD TECHNOLOGY VENTURE CAPITAL TRUST PLC (OXT)

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 ...

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 ...

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were well attended as Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) previously had their VCT status withdrawn by HMRC, although this has now been temporarily "set aside" while an appeal is processed.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 ...

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:  https://www.sharesoc.org/campaigns5.html . ...

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The Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) have announced that HMRC has withdrawn their VCT status.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 ...

Oxford Technology VCTs lose VCT status

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 in October 2013 which the company reported ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...