Oxford Technology 2 Venture Capital Trust plc commences share repurchases on July 5, 2017 under the tender offer mandated by the shareholders in the Annual General Meeting held on July 5, 2017. As per the mandate, the company is authorized to repurchase up to 2,037,877 shares, representing 30% of the issued shares. The minimum price which may be paid per share is £10 and maximum amount which may be paid per share is a discount to net asset value. On July 25, 2017, the company announced that the shares will be repurchased at a price of £3.15 per share. The record date of the tender offer is July 25, 2017 and the tender offer will be valid till August 31, 2017.