2 Chairman s Statement Dear Shareholders. On behalf of my fellow directors, I am delighted to present the annual results of Sure Ventures plc (the Company ) for the year ended 31 March 2021. FINANCIAL Performance The Company s performance for the year to 31 March 2021 was broadly in line with expectations, returning a net asset value ( NAV ) total return per share of -0.58% (31 March 2020 +11.54%). In a year that witnessed a strong recovery in public markets from the March 2020 COVID-19 crisis sell-off, global private equity and venture capital activity dropped dramatically in the Spring and Summer of 2020, to then follow the public markets positive recovery into the second half of 2020. Given that the overall private market deal count remained low in most sectors last year, it is anticipated that 2021 will be a strong year of pent-up demand as capital is put to work in the private markets, and particularly in high-growth technology sectors. Agai
Menhaden Plc - Annual Financial Report
PR Newswire
The Annual Report will be posted to shareholders on or around 20 April 2021.
Copies may be obtained by writing to the Company Secretary, Frostrow Capital LLP at 25 Southampton Buildings, London WC2A 1AL, or from the Company s website -
www.menhaden.com
- where up to date information on the Company, including daily NAVs, share prices and fact sheets, can also be found.
A copy of the Annual Report will be submitted to the National Storage Mechanism and will shortly be available for inspection athttps://data.fca.org.uk/#/nsm/nationalstoragemechanism
Frostrow Capital LLP
IMPORTANT INFORMATION FOR INVITED PLACEES ONLY MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING (AS DEFINED BELOW). THIS ANNOUNCEMENT AND THE TERMS AND CONDITIONS SET OUT IN THIS APPENDIX ARE FOR INFORMATION PURPOSES ONLY AND ARE DIRECTED ONLY AT: (A) IF IN A MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, PERSONS WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE 2(E) OF THE PROSPECTUS REGULATION ( QUALIFIED INVESTORS ), (B) IF IN THE UNITED KINGDOM, QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE 2(E) OF THE UK PROSPECTUS REGULATION AND WHO ARE PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN THE DEFINITION OF INVESTMENT PROFESSIONALS IN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE ORDER ), OR ARE HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS OR PARTNERSHIPS OR TRUSTEES OF HIGH VALUE TRUSTS AS DESCRIBED IN ARTICLE 49(2) OF