Risk warning: The value of investments and derived income can fall. Investors may get back less than they invested.

Sure Ventures Plc – Net Asset Value: June 2018

Sure Ventures Plc, a venture capital fund which invests in early stage software companies in the rapidly growing Financial Technology (‘fintech’), Augmented Reality (‘AR’), Virtual Reality (‘VR’), and Internet of Things (‘IoT’) sectors, is pleased to announce its unaudited, estimated NAV per share for the period as at the 30th of June 2018.

The NAV as at the 30th of June 2018 stands at 96.17p, which represents a 4.38% increase from the March 2018 NAV calculation, reported to the market on the 4th of May 2018.

The Board is happy with the progress made year to date and looks forward to keeping investors informed as the investment strategy outlined in the prospectus continues to be executed by the appointed Investment Manager Shard Capital AIFM LLP.

 

For further information, please visit www.sureventuresplc.com or contact: 

Gareth Burchell

Sure Ventures plc

+44 (0) 20 7186 9918

Isabel de Salis / Priit Piip

St Brides Partners (Financial PR)

+44 (0) 20 7236 1177

 

Notes to editors:

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. The Company aims to provide investors with a diversified exposure to three rapidly-growing markets: augmented reality/virtual reality, FinTech and Internet of Things.  Sure 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 +£400,000 over the next 12 months. 

Website: https://www.sureventuresplc.com/

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 or visit www.rns.com.

Immotion Group Launch Delta Zero

Immotion Group Plc, the UK-based immersive virtual reality ‘Out of Home’ entertainment business, is pleased to announce that today sees the launch of its exciting immersive space themed ride “Delta Zero”.

Delta Zero allows customers to board their own virtual spacecraft and go on a high-speed mission through the universe, battling enemy forces in an attempt to save civilization from the threat of advanced alien technology.

Immotion combines cutting edge computer-generated imagery (CGI) graphics in an exclusive VR collaboration with Lunar Animation, along with advanced motion platform technology to deliver a truly immersive experience.

This is the first of numerous motion-based VR experiences to be produced by Immotion and will be rolled out across the Immotion estate of motion platforms over the coming weeks. Delta Zero has been beta trialled and has received positive reviews.

Martin Higginson, CEO of Immotion Group, said: “We are incredibly excited to launch Delta Zero as the first of our own productions and we are proud that the experience is so thrilling and realistic. The combination of cutting edge graphics and precisely synched motion takes VR to a new level. We are confident that the production will be very well received and we believe Delta Zero will be pivotal in enhancing our reputation as the leading out-of-home VR company. We look forward to increasing our own content as we continue to build the business across the UK, Europe and USA in what is an exciting, fast growing market.”

James Rodgers, founder and creative director of Lunar Animation, said: “I’m really excited about the launch of Delta Zero on the Immotion platform – people won’t have experienced anything like this yet in VR. We’ve been able to seamlessly combine state-of-the-art visual effects and AAA game engine technology to work harmoniously on the motion platform. This gives the audience an incredible immersive experience that they won’t forget. Even if you’ve done VR before, this will blow your mind.”

For more information contact scsb@shardcapital.com

This information was originally 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 or visit www.rns.com.

Immotion Group PLC – New ImmotionVR location

Immotion Group Plc announce that it has opened a new ImmotionVR location at Xscape Yorkshire, Castleford.

The Company now has three ImmotionVR experiences in operation, following the installation of ImmotionVR, Bristol last year and ImmotionVR, Manchester in June. This roll out is in line with the Company’s strategy to build its suite of owned and operated sites within shopping centres and family entertainment destinations across the UK.

This is one of three revenue streams identified by the company to facilitate its vision to become a leading participant in the ‘Out of Home’ VR experience market by creating and publishing high quality VR content and combining it with its VR motion platforms to create truly immersive experiences.

The family-focused entertainment and leisure attraction, Xscape Yorkshire, welcomed 4.2 million visitors in 2017. Xscape Yorkshire also has an average 4.5 out of 5 rating on consumer website TripAdvisor.

Martin Higginson, Executive Chairman of Immotion, said: “We are rapidly delivering on our strategy and are very proud to have delivered our third ImmotionVR centre in just seven months. We are delighted to partner with Xscape Yorkshire, which provides great family entertainment to the people of Yorkshire and beyond. We hope that this latest ImmotionVR site delivers the same fun and great ratings that we have seen in Bristol and Manchester as we continue to build the business across the UK, Europe and USA in what is an exciting, fast growing market.”

Jason Warren, Xscape Yorkshire General Manager, said: “ImmotionVR has filled the gap for quality virtual reality experiences at Xscape. It’s a fantastic addition to our line-up and is sure to be a hit with our customers, both big and small.”

For more information contact scsb@shardcapital.com

This information was originally 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 or visit www.rns.com.

Sure Ventures plc annual results

SURE VENTURES PLC / ISIN: GB00BYWYZ460 / Ticker: SURE / Market: SFS / Sector: Investment

Sure Ventures plc (‘Sure Ventures’ or ‘the Company’)

Final Results

Sure Ventures plc, a venture capital fund which invests in early stage software companies in the rapidly growing financial technology (‘fintech‘), augmented reality (‘AR’), virtual reality (‘VR’), and Internet of Things (‘IoT’) sectors, is pleased to announce its results for the period between 21 June 2017 to 31 March 2018. The Company’s annual report and audited financial statements will be posted to shareholders shortly and will be made available on the Company’s website www.sureventuresplc.com.


Overview

  • Listed in January 2018 having raised £3.3 million

  • Strategy to target capital growth by investing in early stage technology companies in the fintech, AR/VR and IoT sectors, with a focus on software-centric businesses

  • 4.5 million commitment to Suir Valley Ventures Fund at a price of €100 cents – the last recorded dealing NAV as at March 2018 was recorded at €124 cents per share

  • Suir Valley Ventures Fund has five initial investments across target sectors including recently listed VR Education plc

  • Post period end, direct investment in Immotion Plc, which subsequently listed on AIM resulting with a current 114% uplift in the value of Sure Ventures holding

Chairman’s Statement

Sure Ventures listed in January this year having raised £3.3 million. The Company’s performance has been in line with expectations. By targeting fintech, AR, VR and IoT, the Company provides investors access to early stage opportunities in fast growing areas that the board believes will increasingly play key roles in our everyday lives.

Sure Ventures has made a €4.5 million commitment to Suir Valley Ventures Fund at a price of €100 cents. The last recorded dealing NAV as at March 2018 was recorded at €124 cents per share. This gain was largely down to the successful flotation and valuation uplift in VR Education plc (VRE.L), one of its portfolio companies that listed on AIM at 10p per share on 12 March 2018. The share price of VR Education at the close of business on 30 July 2018 was 18.6 pence per share. The Suir Valley Ventures Fund has now made five investments in the AR, VR, fintech and IoT sectors. The Company believes that investment opportunities in its chosen sectors will continue to strengthen.

Post period end, in April 2018 Sure Ventures invested £500,000 directly into Immotion Plc, a UK-based company focused on becoming a leading participant in the ‘Out of Home’ VR experience market by creating and publishing high quality VR content and combining it with its VR motion platforms to create truly immersive experiences. Immotion (IMMO) listed on AIM on 12 July 2018 at 10 pence per share. The share price of Immotion at the close of business on 30 July 2018 was 13.5 pence per share at which price Sure Ventures’ holding in Immotion was valued at circa £ 1.1 million

On 2 July 2018 Sure Ventures announced the issue of £200,000 of new ordinary shares.

We are pleased with the progress made by the Company to date following its listing in January 2018 and with the performance of the investments made by Sure Ventures and Suir Valley Ventures Fund, both of which are managed by Shard Capital AIFM LLP. We believe that Sure Ventures offers investors an exciting opportunity to gain exposure to early stage companies in our target sectors: fintech, AR, VR and IoT. We look forward to updating the market and our shareholders on our investment performance and progress on an ongoing basis.

Finally, I would like to thank all the team for their hard work and shareholders for their support. I look forward to communicating regularly as our current investee companies build their businesses and we identify further investment opportunities.

Sean Nicolson

Chairman

31 July 2018

 

View full Sure Ventures PLC final results RNS PDF

Sure Ventures plc – Holding(s) in Company

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Sure Ventures plc

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an “X” if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an “X”)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

Harris & Sheldon Investments Ltd

City and country of registered office (if applicable)

North Court, Packington Park, Meriden, via Coventry, CV7 7HF

4. Full name of shareholder(s) (if different from 3.)v

Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:

26 July 2018

6. Date on which issuer notified (DD/MM/YYYY):

27 July 2018

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

10.0

10.0

3,510,000

Position of previous notification (if

applicable)

0

0

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ords of £0.01 each (GB00BYWYZ460)

350,000

10.0%

SUBTOTAL 8. A

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an “X”)

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv (please add additional rows as necessary)

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

 

LEI: 213800XNE27OBFVN5X04

Place of completion

Date of completion

27/07/2018

 

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 or visit www.rns.com.

END

Sure Ventures Plc – Investee Company, Immotion, Lists on AIM

SURE VENTURES PLC (SURE), a venture capital fund which invests in early stage software companies in the rapidly growing financial technology (‘FinTech’), augmented reality (‘AR’), virtual reality (‘VR’), and Internet of Things (‘IoT’) sectors, is pleased to announce that its first direct investee company, Immotion Group PLC (‘Immotion’), listed on AIM today having raised £5.75 million through an oversubscribed placing.

Immotion is a UK-based company focused on becoming a leading participant in the ‘Out of Home’ VR experience market by creating and publishing high quality VR content and combining it with its VR motion platforms to create truly immersive experiences.   Given that this sector is forecast to grow seven-fold to $8bn by 2022, Immotion is well placed to capitalise on its position as a key player in the space; it is already generating revenues through sales with leisure and entertainment operators, concession partners such as Merlin Entertainments, and owned and franchised outlets.

On 24 April 2018 Sure announced that it had invested £500,000 in Immotion at a pre-money valuation of £8 million. Sure is pleased to inform investors that Immotion’s placing and admission to trading on AIM has today been successfully concluded (Ticker IMMO.L).

Immotion raised £5.75 million (gross proceeds) to scale its out of home VR content and platform roll out. The pre-money valuation achieved in the significantly over-subscribed placing was £13 million, which represents an unrealised gain of circa 60% on Sure’s initial investment.

Sure Director, Gareth Burchell, said, “Having invested in Immotion in April this year, we are delighted that it has now listed on AIM, which will further raise its profile and fast-track its strategy focused on building the business across the UK, Europe and the USA.   The placing was significantly oversubscribed, providing further confidence in the sector given that other professional investors have also recognised the opportunity that this company offers.  It operates in a buoyant sector and is one of the few companies in its target markets providing out of home VR experiences. We look forward to watching its progress with interest.”

 

ENDS

 

For further information, please visit www.sureventuresplc.com or contact:

 

Gareth Burchell

Sure Ventures plc

+44 (0) 20 7186 9918

Isabel de Salis / Priit Piip

St Brides Partners (Financial PR)

+44 (0) 20 7236 1177

Immotion

immotion@redleafpr.com

+44 (0) 20 3757 6880

 

Notes to editors:

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. The Company aims to provide investors with a diversified exposure to three rapidly-growing markets: augmented reality/virtual reality, FinTech and Internet of Things.  Sure 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 £400,000 over the next 12 months. 

Website: https://www.sureventuresplc.com/

 

About Immotion

Immotion is UK-based company focused on creating superior out-of-home immersive virtual reality experiences in Europe and the USA.

Website: http://www.immotiongroup.com/

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 or visit www.rns.com.

Sure Ventures plc – Placing Programme Issuance

2 July 2018
Sure Ventures plc (“the Company”) is pleased to announce that it has raised gross proceeds of £200,000 pursuant to the Placing Progamme, as described in the prospectus published on 17 November 2017 (“the Prospectus”). The Ordinary Shares have been issued at £1.00 each, which after the costs and expenses of the issue represents a premium to the last published NAV per share of 92.12p per share.

Application has been made in respect of 200,000 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 Thursday 5 July 2018.

Following Admission, the Company will have 3,510,000 Ordinary Shares in issue. The total number of voting rights of the Company will be 3,510,000. 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.
Unless otherwise stated, capitalised terms used herein but not defined have the same meanings as set out in the Prospectus.

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

Important Notice
This announcement does not constitute or form part of, and should not be considered as, any offer for the sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in the Company or securities in any other entity, in any jurisdiction, including without limitation the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. The announcement does not constitute a recommendation regarding any securities.

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 or visit www.rns.com.

END

Sure Ventures plc – Quarterly New Asset Value per Share

Sure Ventures Plc (the “Company”) is pleased to provide its first quarterly Net Asset Value (“NAV”) since being admitted to trading on the Specialist Funds Segment of the Main Market of the London Stock Exchange on 19 January 2018.

As at 31 March 2018, the Company’s unaudited, estimated NAV per share was £0.9212. Total Net Assets were £3,049,160.

This is inclusive of all brokerage fees and formation costs of the Company and equalisation payments to and unrealised gain on investment from Suir Valley Venture Fund, a sub-fund of Suir Valley Funds ICAV.

This NAV has been calculated by Apex Fund Services (Ireland) Ltd

 

For further information please contact:

Apex Fund Services (Ireland) Ltd.

Anne-Marie Quinn-Sweeney / Lisa Cronin
+353 21 463 3366

Shard Capital AIFM LLP

Andrew Green / Toby Raincock

020 7186 9914 / 020 7186 9910

 

Important Notice

This announcement does not constitute or form part of, and should not be considered as, any offer for the sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in the Company or securities in any other entity, in any jurisdiction, including without limitation the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. The announcement does not constitute a recommendation regarding any securities.

This information is provided by RNS
The company news service from the London Stock Exchange

Sure Ventures plc – First Direct Investment in VR Sector

SURE VENTURES PLC, a venture capital fund which invests in early stage software companies in the rapidly growing financial technology (‘FinTech’), augmented reality (‘AR’), virtual reality (‘VR’), and Internet of Things (‘IoT’) sectors, is pleased to announce that it has invested £500,000 in Immotion Group Limited (‘Immotion’), a UK-based company focused on creating superior out-of-home immersive VR experiences in Europe and the USA.

 Overview

·     First investment in VR sector – Immotion, which has developed VR cinema pods that engage the senses by combining advanced sight, sound and multi-directional motion, with premium content from award-winning creators

·     Immotion’s VR cinema pods are being placed in entertainment centres, theme parks and museums, to give individuals and groups access to VR experiences far beyond what is currently available at home

·     Continuing to explore other investment opportunities in the AR/VR, FinTech and IoT sectors, having listed on the Specialist Fund Segment (SFS) of the London Stock Exchange in January 2018

Immotion, which has offices in London, Manchester and Los Angeles, has developed a range of VR cinema pods, which enable users to enjoy immersive VR experiences, blurring the boundaries between reality and fiction. Founded by experienced technology and media entrepreneurs, Martin Higginson and David Marks, Immotion is revenue generative, having placed its pods in a variety of different outlets including several leading visitor attractions across Europe and the USA under its own brand, VR Star, as well as through its partnership network including Genting Resorts World.  Most recently, the Yorkshire Museum used Immotion’s technology in its Jurassic World exhibition, an educational attraction opened by naturalist and broadcaster Sir David Attenborough in March 2018, who described the technology as “tremendous”.

Immotion will use the £500,000 funds raised to fast-track its sales and marketing strategy, advance the roll-out of its product worldwide across Europe and US and create additional content.   This follows a £1.3m investment made by a range of strategic investors in Immotion at the end of 2017.

Sure director, Gareth Burchell, said, “With more than £4 billion invested in the VR sector over the last two years, this is a booming global market, so we are delighted to support Immotion’s highly creative team as they embark on the next development phase.  As one of the leading companies in the sector, Immotion offers significant growth opportunities. Demand for its VR cinema pods are gaining traction as customers increasingly look for new experiences and engage with the concept of being immersed in new virtual worlds.

“Having previously invested in the Suir Valley Venture Fund, this is the first direct investment we have made.  We are currently in talks with other exciting companies in our target AR/VR, FinTech and IoT sectors.”

Martin Higginson, Executive Chairman of Immotion, said: “We’re delighted to secure this funding from Sure, which shares our excitement in the enormous potential of the out-of-home VR experiences market. We believe our out-of-home experiences will allow people of all ages to experience the full immersive thrill of VR, including movement, in a safe and fun way.

“We have seen what is needed to deliver a great experience. Our VR cinema pods engage the senses by combining sight, sound and motion, along with premium content from our own award-winning studios, allowing us to help users genuinely escape reality.”

  

For further information, please visit www.sureventuresplc.com or contact: 

Gareth Burchell

Sure Ventures plc

+44 (0) 20 7186 9918

Isabel de Salis / Priit Piip

St Brides Partners (Financial PR)

+44 (0) 20 7236 1177

Immotion

immotion@redleafpr.com

+44 (0) 20 3757 6880

 

Notes to editors:

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. The Company aims to provide investors with a diversified exposure to three rapidly-growing markets: augmented reality/virtual reality, FinTech and Internet of Things.  Sure 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 +£400,000 over the next 12 months. 

Website: https://www.sureventuresplc.com/

 

About Immotion

Immotion is an exciting UK-based company focused on creating superior out-of-home immersive virtual reality experiences in Europe and the USA.

Website: http://www.immotiongroup.com/

This information is provided by RNS
The company news service from the London Stock Exchange

Sure Ventures plc – Information on investment approach and loan facility

Sure Ventures plc (the “Company”) announces further information on its investment approach and its entry into a loan facility.

As contemplated in the prospectus published by the Company on 17 November 2017, the Company has made a £5 million commitment to invest in the Suir Valley Venture Fund (the “Fund”), a sub-fund of Suir Valley Funds ICAV.  It is expected that the Company’s commitment to the Fund will be drawn down from time to time over a period of up to four years, dependent on the investment activity of the Fund. The Fund is managed by Shard Capital AIFM LLP (“SCAIFM”) which is also the Company’s manager.

Prior to the full drawdown of the Company’s commitment to the Fund, the cash held by the Company will be utilised in accordance with the Company’s stated investment policy and cash management policy.  The directors, on advice from SCAIFM, consider that it is in the interests of shareholders for the cash held by the Company in respect of its commitment to the Fund to potentially be available for investment in suitable investment opportunities pending draw down by the Fund.

As stated in the Company’s investment policy, the Company will seek to satisfy capital calls on its commitment to the Fund and other investee entities through a combination of reserves, realisation proceeds, borrowings and, potentially, further issues of equity.

In that regard, the Company has entered into a loan facility agreement with Shard Merchant Capital Limited, an associate of SCAIFM, which makes available to the Company a facility of up to £1 million (the “Loan Facility”).  The Loan Facility may be drawn at any time for the purpose of satisfying capital calls or for other working capital purposes.  Amounts borrowed under the Loan Facility are subject to interest charged at a rate of 3 per cent per annum and are repayable within four years of drawdown or (if earlier) on the fifth anniversary of the date of the loan facility agreement.  The Loan Facility will only be utilised in accordance with the Company’s stated borrowing policy.

 

For further information, please visit www.sureventuresplc.com or contact: 

Gareth Burchell

Sure Ventures plc

+44 (0) 20 7186 9918

Isabel de Salis / Priit Piip

St Brides Partners (Financial PR)

+44 (0) 20 7236 1177

 

This information is provided by RNS
The company news service from the London Stock Exchange