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Sure Ventures PLC raised gross proceeds of £200,000 from one Institutional Investor through a private placing, issuing 191,387 new Ordinary Shares at 104.5p per share. Application has been made for these shares to be admitted to trading on the Specialist Funds Segment of the Main Market of London Stock Exchange plc, effective 8:00 a.m. on 18th January 2023, resulting in 6,646,472 Ordinary Shares and total voting rights in issue.
| Date | 12 Jan 2023 |
| Time | 07:00:03 |
| Category | Capital structure |
| ID | 4613M |
Sure Ventures PLC-Issue of Equity
Sure Ventures plc ("the Company") is pleased to announce that it has raised gross proceeds of £ 200,000 by way of a private placing. This represents the issue of 191,387 new Ordinary Shares at 104.5p a share. This was the closing mid-price on the 11th of January 2023.
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. The Investment has been made by one Institutional Investor.
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 18th of January 2023.
Following Admission, the Company will have 6,646,472 Ordinary Shares in issue. The total number of voting rights of the Company will be 6,646,472. 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:
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Issuer
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Sure Ventures plc Gareth Burchell 0207 186 9900 |
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Placing Agent
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Shard Capital Partners LLP Damon Heath 0207 186 9900 |