Pires Investments - Company and Investment Portfolio Update
22/07/2022 10:15
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RNS Number : 4486T Pires Investments PLC 22 July 2022
22 July 2022
Pires Investments plc
("Pires" or the "Company")
Company and Investment Portfolio Update
Pires Investments plc (AIM: PIRI), the investment company focused on next
generation technology, is pleased to provide an update on Company developments
and further progress relating to companies within its investment portfolio
that Pires is invested in either directly, or indirectly through its
investments in the Sure Valley Ventures funds.
Offer Update
On 21 July 2022, Pires announced that the recommended offer for Pires by Tern
plc, whilst being supported by the majority of Pires shareholders voting
both by number of shareholders and number of shares held, was not approved by
the requisite number to effect a scheme of arrangement, and had therefore
lapsed.
The Company has a clear and proven strategy of investing in next generation
technology and realising returns from its investments. It has built an
exciting portfolio of investments which is clearly attractive, as evidenced by
the recent offer. A number of the Pires portfolio companies continue to make
good progress with some recent developments detailed below.
Sure Ventures plc - Annual results
Pires is pleased to note the announcement made on 19 July 2022 by
London-listed venture capital fund Sure Ventures plc ("Sure Ventures") of the
publication of its Annual Report for the year ended 31 March 2022.
For the year to 31 March 2022, Sure Ventures achieved over a 40% increase in
its net asset value per share to 128.91 pence per share.
Pires has a 23.3% shareholding in Sure Ventures and Sure Ventures has a 25.9%
interest in Sure Valley Ventures ("SVV1"), in which Pires has a 13% direct
investment. SVV1 is a venture capital fund focused on investing in the
software technology sector with a specific focus on Artificial Intelligence,
Internet of Things, Cyber Security, Machine Learning, Immersive Technologies
and Big Data. Consequently, Pires has a combined direct and indirect interest
in SVV1 of circa 20%.
The announcement can be viewed in full at the link below:
https://www.londonstockexchange.com/news-article/SURE/annual-report-for-the-year-ended-31-march-2022/15547091
(https://www.londonstockexchange.com/news-article/SURE/annual-report-for-the-year-ended-31-march-2022/15547091)
VividQ
VividQ, a leading software and IP developer for holography, has announced the
appointment of François Auque as Chairperson of its Board of Directors. He
is a partner at InfraVia Capital, a leading independent European private
equity firm and also serves as a member of the Board of Directors of Rexel, a
wholesale electrical distributer.
François joined the Board and officially assumed the Chairman role during a
Board meeting at VividQ's London headquarters earlier this month. His vast
experience in dealing with large corporations, paired with his knowledge as an
investor in deep tech start-ups will prove fundamental in supporting the
company in its continued advancement of breakthrough technology in the
holographic revolution.
Further details can be found at the following link:
https://vivid-q.com/news/francois-auque-is-appointed-chairperson-of-vividq-board-of-directors/
(https://vivid-q.com/news/francois-auque-is-appointed-chairperson-of-vividq-board-of-directors/)
Low6
Low6, the company that has developed a next-generation sports betting
platform, has provided an update in regard to its recently launched
free-to-play gamification technology to the sports, sports betting and gaming
industries as a full turnkey business-to-business ("B2B") solution. It is
pleased to announce a strategic partnership with Inside The Pocket ("ITP") the
sector's pre-eminent free-to-play aggregation platform.
Low6 will deliver a selection of its award-winning free-to-play products to a
new network of operators via the fast-growing ITP platform, in an
industry-first aggregation model for sports betting. Global gaming operators
can now access the industry-leading 1(st) party data opportunities that the
white-label gamification provides. Low6's set of data collections tools help
customers to collect strong 1(st) party data to help them better understand
their user base which is becoming even more central to business success.
Further details can be found at the following link:
https://www.low6.com/low6-strengthens-global-distribution-through-new-partnership-with-itp/
(https://www.low6.com/low6-strengthens-global-distribution-through-new-partnership-with-itp/)
CameraMatics
CameraMatics, the IoT, fleet safety technology specialist, has recently been
shortlisted for the Fleet Safety Product Award as part of the UK Fleet
Champions Award 2022. Its submission focused on SafeMatics, and its continuous
evolution and development with new features to create the sharpest insights.
Nicholas Lee, Director of Pires, commented:
"We firmly believe that Pires has an exciting future with the clear potential
to continue to deliver attractive investment returns and value for
shareholders from our exciting investment portfolio.
"We are delighted to see the continued progression of our portfolio companies
and extend a warm welcome to François Auque following his appointment as
Chairperson of VividQ. We look forward to supporting him in his role as he
guides the company through its growth phase.
"We are also pleased to note Low6's strategic partnership with Inside the
Pocket on the back of its announcement in June that it was offering its
gamification technology as a full turnkey B2B solution to the betting and
gaming industry. It is great to see how quickly Low6 is seeing traction with
its new offering.
"Finally, congratulations to CameraMatics for being shortlisted for the Fleet
Safety Product Award as part of the UK Fleet Champions Awards 2022. We look
forward to hearing the results in October and wish them the best of luck."
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Nicholas Lee, Director
Nominated Adviser
Cairn Financial Advisers LLP Tel: +44 (0) 20 7213 0880
Liam Murray/Ludovico Lazzaretti
Joint Broker Tel: +44 (0) 20 7469 0935
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0936
Duncan Vasey/Lucy Williams
Joint Broker Tel: +44 (0) 20 3167 7221
Tennyson Securities
Peter Krens
Financial media and PR Tel: +44 (0) 20 3004 9512
Yellow Jersey
Sarah Hollins
Henry Wilkinson
Annabelle Wills
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company providing investors
with access to a portfolio of next generation technology businesses with
significant growth potential.
The Company is building an investment portfolio of high-tech businesses across
areas such as Artificial Intelligence, Internet of Things, Cyber Security,
Machine Learning, Immersive Technologies and Big Data, which the Board
believes demonstrate evidence of traction and the potential for exponential
growth, due to increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/
(https://piresinvestments.com/)
About VividQ
VividQ is a software and IP licensing company with world-leading expertise in
Computer-Generated Holography. Holography is no longer just science fiction.
For the first time, Computer-Generated Holography is available as a viable
commercial solution in the digital display industry. VividQ's products enable
innovative technology companies to integrate true holographic display in
augmented reality wearables, automotive head-up displays, and consumer
electronics.
The company's extensive R&D has led to cutting-edge developments that
achieve the highest image quality and lowest power requirements in real-time
Computer-Generated Holography. VividQ's technology enables the most realistic
and immersive visual experiences possible.
For more information, please visit: www.vividq.com (http://www.vivid-q.com)
About Low6
Low6 is a leader in sports gaming technology that powers franchises with their
own branded gaming experiences to engage and monetize their digital fanbases.
For the fans, by the fans - Low6 inspires innovative and creative solutions
that redefines future sports mobile gamification.
For further information, visit: https://www.low6.com
(https://www.low6.com)
About CameraMatics
CameraMatics is a disruptive technology for Fleet and Driver Risk
Management. The CameraMatics SaaS-based full-stack platform is a modular
software platform based on Camera Technology, Vision Systems, AI, Machine
Learning and Telematics, combined with Fleet Safety modules that help fleet
operators to drive new safety standards across their fleet and drivers.
By reducing accidents, improving operational efficiencies, managing
compliance, it gives complete visibility and peace of mind for today's
challenges in fleet operations. CameraMatics is based in Dublin and Waterford
(Ireland), London (UK), Richmond VA (USA) and has recently made an entry into
the market in mainland Europe.
Further details about CameraMatics can be found
at https://www.cameramatics.com/ (https://www.cameramatics.com/)
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