TIDMSURE

RNS Number : 9508X

Sure Ventures PLC

03 May 2019

SURE VENTURES PLC / ISIN: GB00BYWYZ460 / Ticker: SURE / Market: SFS / Sector: Investment

3 May 2019

Sure Ventures plc ('Sure Ventures' or 'the Company')

Net Asset Value 29 March 2019

Sure Ventures plc, a London listed venture capital fund, which invests in early stage software companies in the rapidly growing augmented reality ('AR'), virtual reality ('VR'), Internet of Things ('IoT') and Artificial Intelligence ('AI') sectors, is pleased to announce its unaudited, estimated NAV per share as at 29 March 2019.

The NAV as at 29 of March 2019 was 83.03p, which represents a 9.52% decrease from the 31 December 2018 NAV calculation, reported to the market on 25 January 2019.

The board would like to highlight that Immotion plc and VR Education Holdings are the only two of its nine portfolio companies that Sure Ventures has exposure to, directly and indirectly, that are UK exchange listed investments and, as such, are subject to fluctuating share prices.

ENDS

For further information, please visit www.sureventuresplc.com or contact:

 
 Gareth Burchell            Sure Ventures plc                +44 (0) 20 7186 9951 
 Melissa Hancock/ Isabel    St Brides Partners (Financial 
  de Salis                   PR)                             +44 (0) 20 7236 1177

Notes to Editors

Sure Ventures plc listed on the London Stock Exchange in January 2018 giving retail investors access to an asset class that is usually dominated by private venture capital funds. The Company aims to provide investors with a diversified exposure to three rapidly-growing markets: augmented reality/virtual reality, Artificial Intelligence and Internet of Things. Sure Ventures is focusing on companies in the UK, Republic of Ireland and other European countries, making seed and series A investments in companies with first rate management teams, products which benefit from market validation with target revenue run rates of at least GBP400,000 over the next 12 months.

Website: https://www.sureventuresplc.com/

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May 03, 2019 02:00 ET (06:00 GMT)

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