Net Asset Value 31 December 2019

RNS Number : 7907B

Sure Ventures PLC

04 February 2020

 

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

4 February 2020

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

Net Asset Value 31 December 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 31 December 2019.

The NAV as at 31 December 2019 was 95.74p, which represents a 15.2% increase from the 30 September 2019 reported NAV of 83.08p. 

The board would like to highlight that the increase in NAV is largely represented by the sale of Artomatix from Sure Valley Ventures fund (ICAV). This sale represents a 5x cash on cash return in a 14 month investment period.

ENDS

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

Gareth Burchell	Sure Ventures plc	[phone]
Isabel de Salis	St Brides Partners (Financial PR)	[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. The Company aims to provide investors with a diversified exposure to three rapidly growing markets: augmented reality/virtual reality, fintech 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 £400,000 over the next 12 months.  Website: https://www.sureventuresplc.com/

 

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