Sure Ventures Plc

Equities

SURE

GB00BYWYZ460

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 16:35:01 17/07/2024 BST			5-day change	1st Jan Change
96.5 ^GBX	0.00%		-3.50%	+9.04%

07-10	Sure Ventures Flags $8.3 Million Proceeds from Infinite Reality-Landvault Deal	MT
07-10	Sure Ventures shares jump as Infinite Reality buys portfolio firm	AN

Sure Ventures shares jump as Infinite Reality buys portfolio firm

July 10, 2024 at 10:38 am

(Alliance News) - Sure Ventures PLC on Wednesday said that Infinite Reality Ltd has agreed to buy Landvault Ltd for USD450 million in an all-share transaction.

Sure Ventures is a venture capital fund, which backs early-stage artificial intelligence, augmented and virtual reality, and internet of things companies. Shares in the firm jumped 43% to 103.90 pence each in London on Wednesday morning.

Landvault is a portfolio of Sure Valley Ventures Fund, which holds a 7% shareholding in the company, while Sure Ventures owns just under 26% of Sure Valley Ventures.

According to the terms of the acquisition, the purchase consideration for Landvault would be comprised of new shares in Infinite Reality. It is also expected that this company will be seeking a listing on Nasdaq in the third quarter of this year, via a combination with its partner, Newbury Street Acquisition Corp.

The disposal has the potential to generate proceeds for Sure Ventures of around USD 8.3 million, it explained.

By Holly Beveridge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
NASDAQ COMPOSITE	17,997 PTS	-2.77%	-3.49%	-
S&P 500	5,588 PTS	-1.39%	-0.81%	-
SURE VENTURES PLC	96.5 GBX	0.00%	-3.50%	9.16M

Latest news about Sure Ventures Plc

Sure Ventures Flags $8.3 Million Proceeds from Infinite Reality-Landvault Deal	07-10	MT
Sure Ventures shares jump as Infinite Reality buys portfolio firm	07-10	AN
EARNINGS AND TRADING: Sure Ventures value down after VividQ fundraise	02-21	AN
EARNINGS AND TRADING: Half-year loss widens at Triad as revenue falls	12-20	AN
Sure Ventures Plc Reports Earnings Results for the Half Year Ended September 30, 2023	12-20	CI
IN BRIEF: Sure Ventures net asset value declines led by forex change	12/09/23	AN
Sure Ventures raises GBP200,000 via placing for further investments	21/08/23	AN
Sure Ventures Plc Reports Earnings Results for the Full Year Ended March 31, 2023	17/08/23	CI
Sure Ventures net asset value falls but optimistic on AI	24/07/23	AN
Sure Ventures invests EUR7 million in Sure Valley Ventures	10/07/23	AN
Sure Ventures Wraps Up Private Placement to Fund Further Investments	05/05/23	MT
Sure Ventures raises GBP200,000 via placing for investment	05/05/23	AN
Sure Ventures net asset value falls amid tough period for tech	23/12/22	AN
Sure Ventures Plc Reports Earnings Results for the Half Year Ended September 30, 2022	19/12/22	CI
Sure Ventures Plc Reports Earnings Results for the Full Year Ended March 31, 2022	19/07/22	CI
Sure Ventures plc Announces Change of Registered Address	01/06/22	CI
Honeycomb Programs Inc. announced that it has received $15.419049 million in funding from Ibex Investors LLC, SiriusPoint Ltd., Phoenix Insurance Company Limited, Distributed Ventures, IT-Farm Corporation, Sure Ventures Plc	18/01/22	CI
Sure Ventures' Cameramatics Unit Raises $4 Million In Funding Round	30/12/21	MT
Honeycomb Programs Inc. announced that it expects to receive $15.419049 million in funding	29/12/21	CI
Sure Ventures Plc Reports Earnings Results for the Half Year Ended September 30, 2021	08/12/21	CI
Update: Sure Ventures' Portfolio Company Ambisense Raises $3.5 Million in Funding Round	27/08/21	MT
Sure Ventures : Earnings Flash (SURE.L) SURE VENTURES Reports FY21 Loss GBX-0.66	02/08/21	MT
Sure Ventures Plc Announces Earnings Results for the Full Year Ended March 31, 2021	30/07/21	CI
VividQ Ltd announced that it has received £11 million in funding from a group of investors	30/06/21	CI
Pires Investments plc acquired 28% stake in Sure Ventures Plc from existing shareholders for £2 million.	11/02/21	CI

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Company Profile

Sure Ventures PLC is a United Kingdom-based venture capital fund which invests in early-stage software companies in the rapidly growing technology areas of artificial intelligence (AI), augmented reality (AR), virtual reality (VR) and the Internet of things (IoT). The Company's investment objective is to achieve capital growth for investors. The Company may invest directly in investee companies or obtain exposure to such companies through investment in collective investment vehicles, including the fund and any further funds, which have investment policies that are complementary to that of the Company. It is intended that the Company would ordinarily acquire a significant interest, consisting generally of between 20% and 50% of an investee company's equity capital. The Company will not seek to invest directly in quoted companies. No single investment of the Company will exceed 15% of net asset value. The Company's investment manager is Shard Capital AIFM LLP.

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Investment Management & Fund Operators

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17/12/2024 - Q2 2025 Earnings Release (Projected)

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