Sure Ventures PLC Issue of Equity - Mindflair PLC increase stake
August 05 2024 - 2:35AM
RNS Regulatory News
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 8th 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
|
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END
IOESSESMIELSEDA
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