TIDMPIRI
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
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/
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/
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/
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
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
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/
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