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ShareSoc launches Group for concerned shareholders in the Oxford Technology VCTs

The Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) have announced that HMRC has withdrawn their VCT status. This has been done because one of the Venture Capital Trust rules is that no more than 15% of a fund can be invested in one company. Both these companies have a holding in Scancell, an AIM listed company, and the share price of Scancell rose rapidly so that the rule was inadvertently breached as a result of a small funding ...

At first glance a good budget for private investors

Is the Chancellor's budget good for private investors? At first glance it appears to be so, although more analysis of the detail will be needed in due course because like all Chancellors Mr Osborne's hand outs might be taken away elsewhere in the small print. But there are some very positive things:- The ISA investment limit will be raised to £15,000 with cash and stocks/shares ISAs merged. There is no obvious cap on ISA contributions which was rumoured as a possibility.- ...

Oxford Technology VCTs lose VCT status

The Oxford Technology VCT (OXT) and  Oxford Technology 3 VCT (OTT) have announced that HMRC has withdrawn their VCT status. This has been done because one of the Venture Capital Trust rules is that no more than 15% of a fund can be invested in one company. Both these companies have a holding in Scancell, an AIM listed company, and the share price of Scancell rose rapidly so that the rule was inadvertently breached in October 2013 which the company reported ...

EGM Requisition at Leaf Clean Energy

Leaf Clean Energy (LEAF) is an investment trust that specialises in “renewable energy and sustainable technology”. It raised $386 million in 2007 but subsequently bought back some of its...

Remuneration Policies and Baronsmead VCT 3

The new Enterprise Regulatory Reform Act requires public companies to take a vote on Remuneration Policy, i.e. a forwarded looking binding vote for the next three years, as opposed to the non-binding retrospective one on the Remuneration Report with which we are all familiar. The latter will still be present, and investors might worry that the former will be a long-winded and tedious document that they will need to plough through (rather like the multi-page Remuneration Reports from large companies). There have ...