A 16-year-old boy was held at knifepoint outside of a nursery in Banbury and had £5 in cash stolen from him.
The incident occurred by the Childcare First Nursery by Banbury Cross at around 8.20pm on Saturday (June 17).
The three offenders then made off towards the town centre.
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The vicitm was not injured in the incident.
Three boys, two aged 14 and one aged 12, all from Banbury, have been arrested on suspicion of robbery and possession of a knife blade/sharp pointed article in a public place.
They have all been released on bail until September 1.
Thames Valley Police are appealing for witnesses to the robbery.
Investigating officer Detective Constable Owen Farniss of the Priority Crime Team, based at Banbury, said: “I am appealing to anybody who witnessed this incident or who may have dash-cam, mobile phone or CCTV footage of the incident to please get in touch with Thames Valley Police.
“You can do so by reporting online or by calling 101, quoting reference number 43230267077.
“You can also submit any digital evidence via our dedicated portal for this investigation.
“For anonymity, you can also call the independent charity Crimestoppers on 0800 555 111.”
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