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IN BRIEF: Pires Investments Invests GBP2.0 Million In Sure Ventures

Fri, 12th Feb 2021 13:57

Pires Investments PLC - invests in companies that have the potential for major transformation and exponential growth - Buys 1.5 million shares in early stage software company investor Sure Ventures PLC at 130 pence each, with the total GBP2.0 million consideration to be satisfied through the issue of 14.4 million shares. The purchase will give Pires a 28% stake in Sure Ventures. Sure Ventures has a 26% interest in Sure Valley Ventures, a technology-focused venture capital fund in which Pires has a 13% stake.

Pires current stock price: 16.20p, up 20% on Friday

Year-to-date change: up sharply from 6.25p

Sure Ventures current stock price: 115.00 pence, up 15% on Friday

Year-to-date change: up 24%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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