9th Oct 2020 15:54
(Alliance News) - Four Oxford Technology VCTs all saw falls in net asset value during their first half, a period "dominated" by Covid-19.
Oxford Technology VCT PLC saw its net asset value per share in the six months to August 31 slip 19% to 36.2 pence from 44.7p at the end of February.
The venture capital trust held its payout at 55.0p per share.
"The period under review continues to be dominated the implications of the Covid-19 pandemic the subsequent actions of the UK government," Oxford Technology said.
Oxford Technology 2 VCT PLC's NAV per share fell 13% to 24.3p from 27.8p at the end of February. The trust kept its payout at 22.5p.
Oxford Technology 3 VCT PLC similar left its dividend unchanged at 36.0p, its NAV per share fell 29% to 49.7p from 69.6p.
Finally, Oxford Technology 4 VCT PLC raised its dividend by 12% to 48.0p from 43.0p. The trust's NAV per share fell 20% to 28.8p from 36.1p.
Oxford Technology VCT shares were untraded at 28.00p each in London on Friday afternoon. Oxford Technology 2 was unchaged at 20.00p per share, Oxford Technology 3 was untraded at 15.00p and Oxford Technology 4 was also untraded, at 8.00p.
By Eric Cunha; [email protected]
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