Oxford Capital Partners Benefits from 3 IPOs in 2005

2005 saw the successful listing of three of Oxford Capital Partners’ portfolio companies.

Oxford, UK, 20th Jan 2006
Oxford Capital Partners, the Oxford based venture capital firm focused on science and technology companies, is pleased to report that in 2005 three of its portfolio companies successfully floated on the AIM market – Hardide plc, Oxonica plc and Celoxica Ltd.

Since listing, all three companies have consistently traded at a significant premium to the IPO price. As of 28 February 2006 all share prices were up from initial IPO price, as illustrated in the table below.

Company Price at IPO Price at 28/2/2006 % increase
Oxonica 95.80p 167.00p 74.3%
Hardide 10.00p 16.00p 60.0%
Celoxica 31.25p 35.50p 13.6%

David Mott, Partner at Oxford Capital Partners, states “The success of our quoted portfolio reflects the quality of our investments and the value investing philosophy of Oxford Capital Partners. Each company has attracted leading institutional shareholders.”

David went on to say that “A listing can be a major step forwards for a technology company. The process is lengthy and intense for the management team and the board but once completed you usually have a healthier and better managed business.”

Company information

Oxonica plc – Oxonica is a leader in the field of Nanotechnology, developing nano-applications for use in various fields including healthcare, communications, environmental protection, and transport.
Hardide plc – Hardide develops unique surface engineering technology combining ultra-hardness, low friction and chemical resistance for use on components made from steel, hard alloys and other materials.
Celoxica plc – An Oxfordshire based company that makes software that helps speed up the operation of semiconductors by programming programs directly on to the silicon. Celoxica’s technology is being used to process very complex, long or rapidly changing computer code.

About Oxford Capital Partners

Oxford Capital Partners is a venture capital firm focussed on investing in science and technology businesses. Specialising in identifying exceptional companies with high growth potential, Oxford Capital Partners supports companies from an early stage through to IPO. It manages the Oxford Gateway Fund No.1 (1999) and the Oxford Gateway Fund No.2 (2003) which together have made 22 investments in the technology and life science sectors. The Oxford Gateway Fund No.3 was launched in early 2006 and has begun making investments in Q1. Oxford Capital Partners remains an active supporter of the UK’s science and technology base and was voted Venture Capital House of the Year in December 2005 at the Unquote Awards.

For further information, please contact:

Joanne Telford
01865 860 760
jtelford@oxcp.com

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