OTT.L Regulatory News (OTT)

12 Jul 2006 14:57

Oxford Technology 3 VCT PLC12 July 2006 Regulatory Announcement For Immediate Release 12th July 2006 Richard Vessey joins the board of Oxford Technology 3 Venture Capital Trust Plc Oxford Technology 3 VCT announces that Richard Vessey is today joining theBoard. Richard Vessey (58) is a significant shareholder in the fund. Inaddition Richard has co-invested with OT3VCT in several investee companies, andhas become actively involved with some of these. In 1984, he founded BellPlastics Ltd, a specialist plastics manufacturing business, and Seedcorn CapitalLtd, a fund managed by Seed Capital Ltd, the manager of Oxford Technology 3 VCT,was the only external investor in this business. The business prospered, and waseventually sold in 2004. Richard Vessey is now CEO of Im-Pak Technologies Ltd,an investee of OT3VCT, a company that is pioneering several advances in plasticinjection moulding technology. Therefore in addition to his general businessexperience he has particular knowledge of this company that will be useful tothe Board. His education is as a chemical engineer from Imperial College and MBA fromHarvard, and his early career was in manufacturing companies, becoming Sales andMarketing Director of Plastic Engineers Ltd. In 1984 he left the conventionalcareer path to found Bell Plastics Ltd and subsequently co-founded two othercompanies dealing in mouldable and flexible magnetic materials. He is alsoChairman of Oxford Sensor Technologies and an active member of the UKShareholders Association. Contacts: Lucius Cary/Joanne Hoareau OTVCT 01865 784466 www.oxfordtechnology.com This information is provided by RNS The company news service from the London Stock Exchange