Net Asset Value(s)

RNS Number : 4560Q

Sure Ventures PLC

21 October 2019

 

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

 Net Asset Value September 2019

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 September 2019.

The NAV as at the 30^th of September 2019 was 83.1p, which represented a 7.97% decrease from the June calculation, reported to the market on the 31^st of July 2019.

The board would like to highlight that the NAV fall has been driven largely by a decrease in the Immotion PLC share price from 9.4p to 6.7p during the period ending the 30^th of September 2019. At close of business on Friday 18^th of October 2019, Immotion PLC's share price was 8.35p.

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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