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Investegate |Pires Investments Announcements | Pires Investments: Purchase of shareholding in Sure Ventures plc


 
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to announce that it has acquired 1.5 million shares in Sure Ventures plc ( SV plc ) from existing shareholders of SV plc (the Purchase ) at a price of 130 pence per SV plc share, representing a 30% premium to the closing mid market price of SV plc shares on 11 February 2021. The total consideration of £1.95 million, will be satisfied through the issue of 14,391,144 new ordinary shares in the Company ( Consideration Shares ) at a price of 13.55 pence per share ( Issue Price ), being the closing mid-market price of Pires shares on 11 February 2021.  The Purchase will provide the Company with a 28% shareholding in SV plc. ....

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