RCS - Mindflair PLC - Infinite Reality to Offer Secondary Liquidity

MindflairAnnouncement

24/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250124:nRSX5255Ua&default-theme=true

RNS Number : 5255U  Mindflair PLC  24 January 2025

24 January 2025

Mindflair plc

("Mindflair" or the "Company")

Infinite Reality Partners with Nasdaq Private Market to Offer Secondary
Liquidity

Mindflair, the company investing in next-generation technology focused on AI,
notes the announcement made by Infinite Reality ("iR") on 22 January 2025
("Announcement"). iR acquired Landvault, a portfolio company of the first Sure
Valley Ventures fund ("SVV1"), in July 2024 and so SVV1 now has a shareholding
in iR. Key information from the Announcement includes:

•     iR has agreed with Nasdaq Private Market (NPM) to establish a
company-sponsored secondary trading program and marketplace for its private
securities.

•     The program will offer eligible Infinite Reality shareholders,
including employees and investors, with access to NPM's trusted and regulated
marketplace and platform, providing a structured way for eligible interested
buyers and sellers to participate in secondary transactions of its private
shares.

•     NPM brings extensive experience to private company liquidity
programs and secondary trading, powering over $55 billion in transaction value
across its platform. The company has served a broad ecosystem of more than 500
high-profile unicorns, startups, and other private companies, as well as over
200,000 eligible participants. Through its comprehensive platform, NPM
delivers a range of private company liquidity solutions - from tender offers
and auctions to block trades and customized company-controlled marketplaces.

Mindflair holds a 13% direct interest in SVV1 and a 6.1% indirect interest via
its holding in Sure Ventures plc who in turn has a 25.9% holding in SVV1.

Nicholas Lee, a Director of Mindflair, said:

"As indicated in the Company's announcement on 24 December 2024, various of
the SVV1 portfolio companies are actively looking at ways to provide a return
to their investors and the mechanism described above may provide such a return
in the case of SVV1's holding in iR.  However, there is currently limited
additional information available as regards value, timing and quantum but we
will update shareholders further as and when appropriate."

This announcement is not a solicitation for an investment in iR nor does it
reflect a projection of future growth, profits, or other financial returns.
Any inquiries regarding iR should be directed to iR.

The Directors of the Company are responsible for the release of this
announcement. The person who arranged for the release of this information is
Nicholas Lee, a director of the Company.

 

 

Enquiries:

 

 Mindflair plc

 Nicholas Lee, Director       Tel: +44 (0) 20 3368 8961
 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 7601 6100

 Shard Capital Partners LLP

 Damon Heath

 

Notes to Editors

Mindflair plc (AIM: MFAI) is an investment company providing investors with
access to a portfolio of next generation technology businesses focused on AI
with significant growth potential. The Company is building an investment
portfolio of high-tech businesses focused on Artificial Intelligence, across
such areas as 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:
http://www.mindflair.tech/.

 

This communication is a "Reach" announcement. Reach is a non-regulatory news
service. By using this service an issuer is confirming that the information
contained in this announcement is of a non-regulatory nature. Information
required to be notified under the AIM Rules for Companies, Market Abuse
Regulation or other regulation would be disseminated as an RNS regulatory
announcement and not on RNS Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAPPUWWGUPAGMW