Increase in value of the Company's holding in Scancell Holdings plc
The Company holds 8,333,300 Ordinary Shares in Scancell Holdings plc ("Scancell"), an AiM listed company (SCLP). At the date of the Company's Interim Management Statement, published on the 29(th) June 2012, the Company's holding in Scancell was valued using the Bid Price as at 31(st) May 2012 of 9.25 pence per share.
The Bid Price for Scancell shares has been rising and at 14.30 on 17(th) August 2012 was 32.75 pence per share. This values the Company's holding in Scancell at £2.73m. This change in value of the holding equates to an increase in the Company's Net Asset Value per Share of 36.05 pence. However, the Directors caution that this increase does not take into account any potential changes in the value of other assets held by the Company since the last Interim Management Statement.
Investors should note that any further fluctuation in the price of Scancell could have a further material effect on the Company's Net Asset Value.
17 August 2012
Lucius Cary on 01865 784466
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Source: Oxford Technology VCT plc via Thomson Reuters ONE [HUG#1634820]
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