Pires Investments PLC Update re Sure Ventures plc portfolio
17 Mayo 2021 - 1:00AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
17 May 2021
17 May 2021
Pires Investments plc
("Pires" or the "Company")
Update re Sure Ventures plc portfolio
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to note the
announcement made on Friday 14 May 2021 by London listed venture
capital fund Sure Ventures plc ("Sure Ventures"), providing an
update on its investment portfolio during Q1 2021.
Sure Ventures has a 25.9% interest in Sure Valley Ventures
("SVV"), 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. Pires has a combined direct
and indirect (via its 28% shareholding in Sure Ventures) interest
in SVV of circa 20%.
Peter Redmond, Chairman of Pires commented:
"We are pleased with the progress made by Pires' portfolio
companies held through SVV, during Q1 2021, including the
accelerated growth of companies such as Buymie, Admix and
Ambisense. We look forward to updating the market on further
progress within our portfolio in due course."
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Peter Redmond, Chairman
Nicholas Lee, Director
Joint Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Joint Broker
Tennyson Securities Tel: +44 (0) 20 3167 7221
Peter Krens
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
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 Sure Ventures plc
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. 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
GBP400,000 over the next 12 months.
For further information, visit: https://www.sureventuresplc.com/
.
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