Oxford Tech 3 VCT Disposal
02 Septembre 2021 - 8:21AM
UK Regulatory
TIDMOTT
Disposal
The Board notes that on June 7 2021, Nium, a leading global B2B
payments platform, announced that it had signed a definitive
agreement to acquire Ixaris Group Holdings ("Ixaris"). All
necessary regulatory approvals have now been received, and as a
result, the transaction has now been able to complete.
Oxford Technology 3 VCT Plc ("OT3") has been an investor in
Ixaris since August 2002 and this will be a profitable exit. OT3
has received cash of GBP679k at completion and will receive
contingent amounts up to GBP132k over the following three
years.
The most recently published unaudited Net Asset Value per share
was 44.4p at 31 May 2021
Compared to this last published OT3 NAV, the impact of this
transaction in isolation is a small increase in the unaudited net
asset value per share of 0.5p.
It is anticipated that the Directors will declare an interim
dividend shortly.
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. Upon the publication of this announcement via
a Regulatory Information Service, this information is now
considered to be in the public domain.
For further information please contact Lucius Cary: 01865
784466
(END) Dow Jones Newswires
September 02, 2021 02:21 ET (06:21 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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