Business
Statement re Media speculation
Statement re Media speculation.
About this update from Mindflair Plc
[{"type":"text","content":"\n \nRNS Number : 9582J Pires Investments PLC 22 August 2019 \n\nPires Investments plc\n(\"Pires\" or the \"Company\")\n \nStatement re Media speculation\n \nThe Company notes the recent speculation in the media and it has been made aware that an advanced copy of a proposed revision of its AIM Rule 26 website, which was in development, was inadvertently published on the Company's website. This has now been corrected.\n \nThe Company confirms that it is considering an amendment to its investment policy allowing it to also invest in technology companies. The details of a potential investment into Sure Valley Ventures (\"SVV\"), a venture capital fund focused on investing in the software technology sector, are actively being considered by the Board.\n \nFurthermore the Board is considering a potential placing, which would not be conditional on the proposed investment in SVV.\n \nSVV currently has a portfolio of ten companies at different stages of development and specifically focused on augmented reality (\"AR\") /virtual reality (\"VR\"), artificial intelligence (\"AI\") and Internet of Things (\"IoT\") sectors. The SVV portfolio currently comprises of VR Education Holdings plc (a virtual reality education platform); Wia (an IoT developer platform), Warducks (a AR/VR games studio); NDRC (an EU accelerator); Artomatix (an AI platform which automates 3D content for AR/VR, AAA games and movies); Nova Leah (cyber security and protection for medical devices); Admix (a fully programmatic monetisation platform for AR and VR); VividQ (software framework for real time holographic 3D display); and Ambisense (an enabler of real time continuous monitoring of gas at industrial sites).\n \nThe investment in SVV would be subject to approval by the Board and shareholders of the amendment of the Company's investing policy at a forthcoming annual general meeting. However, there can be no certainty that a placing will occur on terms favourable to the Company and that shareholders would vote in favour of the Company's to be potential change in investment policy.\n \nA further announcement will be made in due course.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \nFor more information please contact:\n\n\n\nPires Investments plc:\n\n\n+44 ...