OXT.L Regulatory News (OXT)

12 Jul 2006 14:43

Oxford Technology Vent Cap Tst PLC12 July 2006 Regulatory Announcement For Immediate Release 13th July 2006 Richard Vessey joins the board of Oxford Technology Venture Capital Trust Plc Oxford Technology VCT announces that Richard Vessey is today joining the Board.Richard Vessey (58) is a significant shareholder in the fund. In additionRichard has co-invested with OTVCT in several investee companies, and has becomeactively involved with some of these. In 1984, he founded Bell Plastics Ltd, aspecialist plastics manufacturing business, and Seedcorn Capital Ltd, a fundmanaged by Seed Capital Ltd, the manager of Oxford Technology VCT, was the onlyexternal investor in this business. The business prospered, and was eventuallysold in 2004. Richard Vessey is now CEO of Im-Pak Technologies Ltd, an investeeof OTVCT, a company that is pioneering several advances in plastic injectionmoulding technology. Therefore in addition to his general business experience hehas particular knowledge of this company that will be useful to the 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 784466www.oxfordtechnology.com This information is provided by RNS The company news service from the London Stock Exchange