Oxford Technology 2 VCT plc : Quarterly Update

Oxford Technology 2 VCT PLC

Update for the quarter ending 31 May 2015

Oxford Technology 2 VCT PLC presents its quarterly update for the period commencing 1 March 2015. 

The Directors have recently reviewed the valuation of its entire portfolio as at the quarter ending 31 May 2015.

The unaudited net asset value per ordinary share as at 31 May 2015 was 28.6p.  This is a rise of 0.8p from the previously published NAV for the year ending 28 February 2015. 

The total number of ordinary shares in issue is 6,792,923.

A number of changes relating to new management and performance fee arrangements, a Common Board and the self-managed structure were announced with the results for the year to 28 February 2015.

The board of Oxford Technology 2 VCT Plc confirms that it has appointed Richard Roth to be Chairman as from 15 July 2015.  Richard, already a director of Oxford Technology VCT Plc, was appointed a director of the other Oxford Technology VCTs (including Oxford Technology 2 VCT Plc) on 1 July 2015.  He replaces Michael O'Regan as Chairman; Michael will not be standing for re-election as a director at the AGM on 26 August 2015.

The Directors are not aware of any other events or transactions which have taken place between 31 May 2015 and the publication of this statement which have had a material effect on the financial position of the Company.

16 July 2015

Enquiries:
Lucius Cary, Oxford Technology Management
01865 784466

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Source: Oxford Technology 2 VCT plc via Globenewswire

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