Net Asset Value 30th June 2020

RNS Number : 1277V

Sure Ventures PLC

05 August 2020

 

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

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

Net Asset Value 30^th June 2020

Sure Ventures Plc, a 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 for the period up to the 30^th of June 2020.

The NAV as at the 31^st of March 2020 was 92.61p and as at the 30th of June 2020 sits at 98.88p. This represents a 6.77% increase during the quarter from April to the end of June 2020.

The board would like to highlight that the increase in the NAV is due to the partial recovery in Immotion PLC's share price and the significant uplift in VRE since the HTC Corporation investment. The quarterly period also witnessed a series A uplift in Buymie Technologies that represented a 204% premium to the initial seed round.

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

Gareth Burchell	Sure Ventures plc	[phone]

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.  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 £400,000 over the next 12 months.  Website: https://www.sureventuresplc.com/  

 

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