Pires Investments PLC Investment in Sure Valley Ventures

Data : 21/11/2019 @ 13:00
Fonte : UK Regulatory (RNS & others)
Titolo : Pires Investments Plc (PIRI)
Quotazione : 3.3  0.1 (3.13%) @ 13:25
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Pires Investments PLC Investment in Sure Valley Ventures

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RNS Number : 2389U

Pires Investments PLC

21 November 2019

Pires Investments PLC

("Pires" or the "Company")

Investment in Sure Valley Ventures

The Board is pleased to announce that, further to the announcement of 2 September 2019 and approval by shareholders at the Company's Annual General Meeting held on 3 October 2019, the Company has completed its initial investment of GBP1.1 million into Sure Valley Ventures ("SVV") and now has a 13% interest in SVV.

SVV is a venture capital fund focused on investing in the software technology sector with a specific focus on augmented and virtual reality ("AR/VR"), artificial intelligence ("AI") and the internet of things ("IoT"). SVV currently has a portfolio of ten investee companies at different stages of development.

Peter Redmond, Chairman said:

"We are very excited about the prospects of a number of the companies within the SVV portfolio and look forward to updating shareholders as they continue to make progress."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

 
 Pires Investments plc            Tel: +44 (0) 20 3368 8961 
  Peter Redmond, Chairman 
  Nicholas Lee, Director 
 Nominated Adviser                Tel: +44 (0) 20 7213 0880 
  Cairn Financial Advisers LLP 
  Liam Murray/Tony Rawlinson 
 Broker                           Tel: +44 (0) 20 7469 0935 
  Peterhouse Capital Limited       Tel: +44 (0) 20 7469 0936 
  Duncan Vasey/Lucy Williams 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 21, 2019 07:00 ET (12:00 GMT)

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