REG - Sure Ventures PLC - Issue of Equity - Mindflair PLC increase stake

Sure VenturesAnnouncement

05/08/2024 07:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240805:nRSE1402Za&default-theme=true

RNS Number : 1402Z  Sure Ventures PLC  05 August 2024

Sure Ventures PLC

Issue of Equity-Mindflair PLC increase stake

 

Sure Ventures plc ("the Company") is pleased to announce that it has raised
gross proceeds of  £ 300,000.50p by way of a private placing at 95p a
share.  This represents the issue of 315,790 new ordinary shares.

Mindflair already holds 1,501,000 shares in the Company before this purchase
and, on admission, its stake will rise to 1,816,790 shares or 23.76% thereby
increasing its exposure to the first Sure Valley Ventures fund that is now
closed and in its investment realisation phase.

The money will be used for further investments, follow-on investment in Sure
Valley Ventures (ICAV), the Sure Valley Ventures UK Software technology fund
and general working capital purposes.

Application has been made in respect of Ordinary Shares to be admitted to
trading on the Specialist Funds Segment of the Main Market of London Stock
Exchange plc ("Admission").  Admission will become effective and dealings in
the Ordinary Shares will commence at 8:00 a.m. (London time) on and around
the 8(th) of August 2024.

Following Admission, the Company will have 7'643'252 Ordinary Shares in issue.
The total number of voting rights of the Company will be 7'643'252. This
figure may be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the Company.

For further information, please contact:

 Issuer          Sure Ventures plc

                 Gareth Burchell

                 0207 186 9900

 Placing Agent   Shard Capital Partners LLP

                 Damon Heath

                 0207 186 9900

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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  IOESSESMIELSEDA