OTT.L Regulatory News (OTT)

26 Sep 2007 10:09

Oxford Technology 3 VCT PLC26 September 2007 Oxford Technology 3 Venture Capital Trust plc Interim Statement For the period 1 March 2007 to 31 August 2007 Statement on behalf of the Board Net assets per share were 95p at 31 August 2007, which compares to 86p at 28February 2007, and 98p at 31 August 2006. Details of all investees are given in the newsletter, which is available onwww.oxfordtechnology.com. While some investees have experienced problems,others are continuing to make encouraging progress. In particular, Glide Pharmahas continued to make excellent progress and, in summer 2007, won the MedicalFutures Award, the "Oscars" of its industry. On behalf of the Board John Jackson Chairman Unaudited financial information Summarised Statement of Total Return Six months to 31 Aug Six months to 31 Aug Year tofor the period 07 06 28 Feb 07 £000 £000 £000 Gain / (loss) on investments 544 381 (184) Income 1 6 9Expenses (77) (78) (161) _____ _____ _____Net return before taxation 468 309 (336)Tax on ordinary activities - - - _____ _____ _____Return attributable to equityshareholders 468 309 (336)Dividends in respect of equity shares - - - _____ _____ _____Transfers to / (from) reserves 468 309 (336) ===== ===== =====Revenue loss per share (1.40)p (1.33)p (2.81)pCapital return / (loss) per share 10.06p 7.05p (3.40)p Total return / (loss) per ordinaryshare 8.66p 5.72p (6.21)p ===== ===== ===== Summarised Balance Sheet 31 Aug 07 31 Aug 06 28 Feb 07 £000 £000 £000 Investments held at fair value 5,169 5,188 4,613 Other net current assets (43) 115 45 _____ _____ _____Net assets 5,126 5,303 4,658 ===== ===== =====Capital and ReservesCalled up share capital 541 541 541Share premium: Share issues 4,900 4,900 4,900 Expenses on share issues (242) (242) (242) _____ _____ _____ 5,199 5,199 5,199Capital reserve unrealised 516 497 (28) realised (44) (4) (44)Revenue reserve (545) (389) (469) _____ _____ _____ 5,126 5,303 4,658 ===== ===== =====Net asset value per share 95p 98p 86p ===== ===== ===== Cash Flow Statement for the Period Six months to 31 Aug Six months to 31 Aug Year to 07 06 28 Feb 07 £000 £000 £000 Net cash outflow from operatingactivities (26) (85) (139) Capital expenditure and financialinvestmentPurchase of investments (13) (49) (49) Disposal of investments - - 10 _____ _____ _____Net cash outflow from capital (13) (49) (39)expenditure and financial investment _____ _____ _____Decrease in cash (39) (134) (178) ===== ===== ===== Notes to the Unaudited Financial Information 1 The financial information for each of the interim periods ended 31 August 2007and 31 August 2006 is unaudited and does not constitute statutory accountswithin the meaning of the Companies Act 1985. It has been prepared usingaccounting policies consistent with those set out in the companys statutoryaccounts for the year ended 28 February 2007. The financial information for theyear ended 28 February 2007 has been extracted from the companys statutoryaccounts for that period which contained an unqualified audit report and whichhave been filed with the Registrar of Companies. 2 The calculation of earnings per share for the period is based on the returnattributable to shareholders divided by the weighted average number of shares inissue during the period. 3 Listed investments are stated at market value based upon middle market pricesat the accounting period end. The unrealised depreciation or appreciation onthe valuation of investments and the gains and losses arising on the disposal ofinvestments are dealt with in the capital reserve. 4 Copies of the Interim Statement are being sent to shareholders and furthercopies can be obtained from the Companys Registered Office. This information is provided by RNS The company news service from the London Stock Exchange