shardadmin – Page 8 – Sure Ventures

Sure Ventures Plc – Net Asset Value: September 2018

Posted on 26th October 2018 by shardadmin

Sure Ventures Plc, a venture capital fund which invests in early stage software companies in the rapidly growing Financial Technology (‘fintech’), Augmented Reality (‘AR’), Virtual Reality (‘VR’), and Internet of Things (‘IoT’) sectors, is pleased to announce its unaudited, estimated NAV per share for the period as at the 30^th of September 2018.

The NAV as at the 30^th of September 2018 stands at 101.6p, which represents a 5.6% increase from the June 2018 NAV calculation, reported to the market on the 20^th of August 2018.

The Board is happy with the progress made year to date and looks forward to keeping investors informed as the investment strategy outlined in the prospectus continues to be executed by the appointed Investment Manager Shard Capital AIFM LLP.

For further information, please visit www.sureventuresplc.com or contact:

Gareth Burchell	Sure Ventures plc	+44 (0) 20 7186 9918
Priit Piip / Isabel de Salis	St Brides Partners (Financial PR)	+44 (0) 20 7236 1177

Notes to editors:

Sure Ventures plc listed on the London Stock Exchange in January 2018, giving retail investors access to an asset class that is usually dominated by private venture capital funds. The Company aims to provide investors with a diversified exposure to three rapidly-growing markets: augmented reality/virtual reality, FinTech and Internet of Things. Sure is focusing on companies in the UK, Republic of Ireland and other European countries, making seed and series A investments in companies with first rate management teams, products which benefit from market validation with target revenue run rates of +£400,000 over the next 12 months.

Website: https://www.sureventuresplc.com/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Suir Valley Ventures (‘Suir Valley’ or ‘the Company’) Investment in AI software company Artomatix

Posted on 8th October 20181st February 2019 by shardadmin

Suir Valley Ventures, the entrepreneur-led venture capital fund launched in partnership with Shard Capital Partners LLP to invest in early stage software companies across a range of verticals including augmented/virtual reality (‘AR/VR’), the Internet of Things (‘IoT’) and FinTech, has led a €2.7 million investment in Artomatix, a ground-breaking Artificial Intelligence (‘AI’) start-up delivering software for 3D content creation. This is Suir Valley’s sixth investment in innovative technology companies including: AIM listed educational VR business, Immersive VR Education; leading IoT cloud platform, Wia; accelerator NDRC@Arclabs; reality games developer, WarDucks; and IoT fleet and driver management systems company, ProVision.

Overview

Artomatix has developed revolutionary, award-winning, patented software proven to reduce by as much as 80% the time needed for the creation of 3D art used in digital production
Buoyant computer graphics market expected to reach US$212 billion by the end of 2023
Recent report cites Artomatix as a major industry player, alongside NVIDIA, Pixar, Adobe Systems and others
New funds will be used to accelerate Artomatix’s market delivery worldwide

Artomatix is an award-winning AI software firm with offices in London, Dublin and San Francisco that has radically changed how 3D content gets created across multiple verticals; its patented software has been proven to reduce the time needed for expensive 3D art creation by as much as 80%.

Real-world scans are increasingly becoming the gold standard way to generate high-end 3D content in games, movies, industrial prototyping and interior design, enabling studios to deliver ground-breaking results. From facial-scanning footballers’ facial expressions in Fifa 19, to creating full-length walking Muppets in the ‘HappyTime Murders’, photogrammetry unlocks the key to incredible content, however, end results can often take months or even years to deliver and are expensive.

Artomatix uses neural-nets to drastically reduce the time needed to handle many aspects of the scan-based artistic workflow. It has been exciting 3D artists at AAA Studios around the globe, who took note when NVIDIA awarded the firm $100K and the label of most promising start-up in 2015. Since that time, it has been further developing its software and building its client base; it is now focused on using the new funds totalling €2.7 million to accelerate its market delivery worldwide.

Artomatix operates in a high growth sector. According to a 2018 report by Knowledge Sourcing Intelligence LLP, the computer graphics market is expected to reach US$212 billion by the end of 2023 (up from US$151 billion the year before), due to hyper growth in demand, driven by new platforms like AR/VR, increasing internet penetration and smartphone usage. A mushrooming media and entertainment industry is driving demand for high end software solutions, alongside new demand from automotive and industrial design sectors. The same report cites Artomatix as a major industry player, alongside NVIDIA, Pixar, Adobe Systems and others.

Suir Valley Ventures Managing Partner, Barry Downes, said, “We believe Artomatix not only complements our existing portfolio, it also allows us to access the new convergence of 3D design and AI. Its technology is about to significantly change every industry exposed to 3D content, cutting costs, speeding up the rendering process and enabling the creation of truly ground-breaking graphics.

Artomatix CEO, Joe Blake, said, “The really exciting thing for me is to see the 3D design concepts that have been pioneered in the entertainment space now become standard for product design and visualisation within mainstream industries like fashion, furniture and automotive. With an increasingly global audience, this investment will allow us to scale rapidly, and reach those international markets.”

– ENDS –

For further information, please visit https://suirvalleyventures.com or contact:

Simon Hughes	Share Capital	+44 (0) 20 7186 9918
Isabel de Salis / Priit Piip	St Brides Partners (Financial PR)	+44 (0) 20 7236 1177
Emily Ross	Artomatix	emily@inkvine.ie

Notes to Editors

Suir Valley Ventures is an entrepreneur-led venture capital fund launched in Ireland in 2017, which invests in early stage software companies across Augmented Reality (AR) and Virtual Reality (VR), Internet of Things (IoT) and FinTech sectors. Suir Valley Ventures works in partnership with Shard Capital, which is London based independent financial services company offering a full range of broking, asset management and corporate capital services. Investments include:

Immersive VR Education plc – http://immersivevreducation.com/
WarDucks – warducks.com
Wia – wia.io
ProVision – provisioncameramatics.com
NDRC@Arclabs – www.ndrc.ie
Artomatix – https://artomatix.com/

Artomatix is an award-winning AI software company that helps to automate the 3D artistic workflow. Based in Dublin, Ireland, and with offices in the UK and the US, Artomatix was founded by Dr. Eric Risser, an expert in the combined fields of artificial intelligence and computer graphics. Since its inception in 2014, Artomatix has won NVIDIA’s Early Stage Challenge (2015, $100k), reached the top 2.5% of TechCrunch Disrupt (2015) and the top 0.8% of Hello Tomorrow (2015). In March 2017, Artomatix closed a seed round of €2.1m which included €1.5m for the European Commission’s Horizon 2020 SME programme. Artomatix will open a second US office in 2019.

Sure Ventures plc – Holding(s) in Company

Posted on 4th October 20181st February 2019 by shardadmin

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱⁱ:			Sure Ventures plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights						N/A
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)ⁱⁱⁱ:
3. Details of person subject to the notification obligation^iv
Name			Harris & Sheldon Investments Ltd
City and country of registered office (if applicable)			Kingsland House, 122-124 Regent Street, London, W1B 5SA
4. Full name of shareholder(s) (if different from 3.)^v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached^vi:			3 October 2018
6. Date on which issuer notified (DD/MM/YYYY):			4 October 2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached	7.6675%			7.6675%	4,564,748
Position of previous notification (if applicable)	0			0

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights^ix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ords of £0.01 each (GB00BYWYZ460)		350,000					7.6675%


SUBTOTAL 8. A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date^x	Exercise/ Conversion Period^xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights



			SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date^x		Exercise/ Conversion Period ^xi		Physical or cash settlement^xii			Number of voting rights	% of voting rights



					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv(please add additional rows as necessary)
Name^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold






10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional information^xvi
LEI: 213800XNE27OBFVN5X04

Place of completion
Date of completion

END

Sure Ventures Plc – Result of Annual General Meeting

Posted on 1st October 20181st October 2018 by shardadmin

Sure Ventures announce that at the Annual General Meeting (AGM) held on 27 September 2018, all the Resolutions contained in the Notice of the AGM were duly passed on a show of hands.

The total number of shares in issue at 6pm on Wednesday 25^th September 2018 was 3,510,000 ordinary shares. 11.68 % of voting capital was instructed.

Copies of all special resolutions numbered 11 to 12 will be made available for inspection from the National Storage Mechanism, situated at: http://www.morningstar.co.uk/uk/nsm.

The results of the AGM will be available shortly via the following – www.sureventuresplc.com/documents

For further information about this announcement please contact:

Shard Capital Partners

+44 (0) 207 186 9914

Sure Ventures plc – Issue of Equity

Posted on 28th September 20181st February 2019 by shardadmin

28 September 2018
Sure Ventures plc (“the Company”) is pleased to announce that it has raised gross proceeds of £1,078,480 pursuant to the Placing Programme, as described in the prospectus published on 17 November 2017 (“the Prospectus”). The Ordinary Shares have been issued at £1.0225 each, which after the costs and expenses of the issue represents a premium to the last published NAV per share of 96.17p per share.

Application has been made in respect of 1,054,748 Ordinary Shares to be admitted to trading on the Specialist Funds Segment of the Main Market of London Stock Exchange plc (“Admission”). Admission will become effective and dealings in the Ordinary Shares will commence at 8:00 a.m. (London time) on Wednesday 3 October 2018.

Following Admission, the Company will have 4,564,748 Ordinary Shares in issue. The total number of voting rights of the Company will be 4,564,748. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
Unless otherwise stated, capitalised terms used herein but not defined have the same meanings as set out in the Prospectus.

For further information, please contact:
Issuer

Sure Ventures plc
Gareth Burchell
0207 186 9900

Placing Agent

Shard Capital Partners LLP
Damon Heath
0207 186 9900

Important Notice
This announcement does not constitute or form part of, and should not be considered as, any offer for the sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in the Company or securities in any other entity, in any jurisdiction, including without limitation the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. The announcement does not constitute a recommendation regarding any securities.

Immotion Group Plc – Extension of Exclusive Distribution Agreement

Posted on 12th September 20183rd October 2018 by shardadmin

Immotion Group announce the extension of the Group’s exclusive distribution agreement with Beijing LEKE VR Technology Co., Ltd (“Leke VR”) for the UK and a new exclusive distribution agreement in the USA, both agreements running through to 31 December 2019, subject to achieving commercial targets in each market.

Following these updates, Immotion Group’s distribution agreement with Leke VR provides it with the distribution rights to sell Leke VR’s motion platform hardware coupled with Immotion’s proprietary VR experiences on an exclusive basis throughout the UK and also the USA, and currently on a non-exclusive basis across most other jurisdictions globally.

In addition, Leke VR has agreed to make the VR experiences produced by Immotion Group available across its entire base of installed VR platforms in 30 countries. The Group will monetise its content on a “per play” basis. The current usage on the Leke VR installed base is approximately 1 million “plays” per month and the Directors expect this to grow strongly. The parties will now begin a full assessment of the relevant operational matters, with a view to such distribution beginning towards the end of 2018.

Martin Higginson, CEO of Immotion Group said: “We are extremely pleased to have extended our exclusive relationship, and to be working much closer with Leke VR. We share the same vision with extremely complementary skills. Leke VR are, in our view, the market leaders in affordable VR motion platforms, whilst we believe Immotion is leading the way in immersive VR experiences. This unique combination, now available globally, will further propel both Immotion and Leke VR in their quest to lead the ‘out of home’ VR market.”

Evan He, CEO of Leke VR said: “We are pleased to extend our exclusive distribution and manufacturing agreement with Immotion for both the UK, and now the USA, and to be working with them on the distribution of their VR experiences. The quality of experiences produced by the Immotion team is way above anything we have seen to date. We are convinced our customers will love them. The combination of the Immotion Group’s VR content and our VR motion platforms will allow Leke to deliver an offering which is far superior to other affordable VR experiences available to consumers globally.”

For more information contact scsb@shardcapital.com

This information was originally provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Sure Ventures plc – Notice of AGM – September 2018

Posted on 5th September 20181st February 2019 by shardadmin

AUDITED ANNUAL FINANCIAL STATEMENTS AND NOTICE OF ANNUAL GENERAL MEETING (“AGM”)

The Company announces that the Annual Report and Audited Financial Statements for the year ended 31 March 2018 have been posted to those shareholders who elected to receive hard copies. The Notice convening the Company’s AGM and the Proxy form were also posted to all shareholders.

The AGM of the Company will be held at Shard Capital Partners LLP, 23^rd Floor, 20 Fenchurch Street, London EC3M 3BY on 27^th of September 2018 at 14:00 BST.

Copies of the Audited Annual Financial Statements and Notice of AGM may be obtained on request from the Company’s registered office, 23^rd Floor, 20 Fenchurch Street, London EC3M 3BY and have been submitted to the National Storage Mechanism.

A copy of the Company’s Audited Financial Statements and AGM Notice are available on the Company’s website at www.sureventuresplc.com/documents.

For further information about this announcement please contact:

Apex Fund Services (Ireland) Ltd

Company Secretary

Tel: +353 1 56 79 210

05 September 2018

END

Immotion Group roll out a further four ImmotionVR Centres at Intu Shopping Centres

Posted on 5th September 20183rd October 2018 by shardadmin

This information is provided by RNS, the news service of the London Stock Exchange.

Following the success of its existing virtual reality (“VR”) centres, Immotion Group Plc, the UK-based immersive VR ‘Out of Home’ entertainment business, is pleased to announce that it has opened an additional ImmotionVR Centre at intu St Davids, Cardiff, and that it will open a further three ImmotionVR Centres at intu Derby, intu Eldon Square, Newcastle and intu Uxbridge. When the new sites are open, Immotion will own and operate a total of seven outlets, in addition to the sites operated by concession partners.

Working in partnership with intu, which owns and manages many of the UK’s best and most popular shopping centres, Immotion Group is proud to continue the roll out of its successful ImmotionVR brand. Customers will be able to enjoy a broad range of experiences including Delta Zero which was launched in August 2018. Further experiences are due to launch later this year, including seasonal themed experiences for both Halloween and Christmas. They will be distributed to all outlets via the Group’s proprietary Content Management System.

Most of the outlets will be centre aisle attractions although Cardiff St David’s has opened as a shop and will feature, alongside the VR cinema pods and guns, the latest Immotion racing car simulators. Following its initial success, the Group’s existing outlet in the Manchester Arndale will be relocated to a more prominent site within the premises.

Martin Higginson, CEO of Immotion Group, said: “We are incredibly excited to be working with intu to expand our portfolio of ImmotionVR outlets across its impressive portfolio of some of the UK’s most popular shopping locations. Riding on the success of our existing VR centres, this roll out will positively impact our revenues. We look forward to bringing more high quality VR experience centres to more consumers across the UK, many of whom are trying VR for the first time, in the coming months.”

Roger Binks, Customer Experience Director at intu, said: “Virtual reality has such exciting potential within our portfolio of the some of the UK’s most popular shopping destinations where it could one day become as commonplace as stopping for a coffee with friends. intu centres are focused on creating these kinds of compelling experiences for our customers to enjoy and we’re excited to provide yet another new brand with a fantastic opportunity to flourish across the UK.”

For more information contact scsb@shardcapital.com

Sure Ventures Plc – Net Asset Value: June 2018

Posted on 20th August 2018 by shardadmin

The NAV as at the 30^th of June 2018 stands at 96.17p, which represents a 4.38% increase from the March 2018 NAV calculation, reported to the market on the 4^th of May 2018.

For further information, please visit www.sureventuresplc.com or contact:

Gareth Burchell	Sure Ventures plc	+44 (0) 20 7186 9918
Isabel de Salis / Priit Piip	St Brides Partners (Financial PR)	+44 (0) 20 7236 1177

Notes to editors:

Sure Ventures plc listed on the London Stock Exchange in January 2018, giving retail investors access to an asset class that is usually dominated by private venture capital funds. The Company aims to provide investors with a diversified exposure to three rapidly-growing markets: augmented reality/virtual reality, FinTech and Internet of Things. Sure is focusing on companies in the UK, Republic of Ireland and other European countries, making seed and series A investments in companies with first rate management teams, products which benefit from market validation with target revenue run rates of +£400,000 over the next 12 months.

Website: https://www.sureventuresplc.com/

Immotion Group Launch Delta Zero

Posted on 13th August 20183rd October 2018 by shardadmin

Immotion Group Plc, the UK-based immersive virtual reality ‘Out of Home’ entertainment business, is pleased to announce that today sees the launch of its exciting immersive space themed ride “Delta Zero”.

Delta Zero allows customers to board their own virtual spacecraft and go on a high-speed mission through the universe, battling enemy forces in an attempt to save civilization from the threat of advanced alien technology.

Immotion combines cutting edge computer-generated imagery (CGI) graphics in an exclusive VR collaboration with Lunar Animation, along with advanced motion platform technology to deliver a truly immersive experience.

This is the first of numerous motion-based VR experiences to be produced by Immotion and will be rolled out across the Immotion estate of motion platforms over the coming weeks. Delta Zero has been beta trialled and has received positive reviews.

Martin Higginson, CEO of Immotion Group, said: “We are incredibly excited to launch Delta Zero as the first of our own productions and we are proud that the experience is so thrilling and realistic. The combination of cutting edge graphics and precisely synched motion takes VR to a new level. We are confident that the production will be very well received and we believe Delta Zero will be pivotal in enhancing our reputation as the leading out-of-home VR company. We look forward to increasing our own content as we continue to build the business across the UK, Europe and USA in what is an exciting, fast growing market.”

James Rodgers, founder and creative director of Lunar Animation, said: “I’m really excited about the launch of Delta Zero on the Immotion platform – people won’t have experienced anything like this yet in VR. We’ve been able to seamlessly combine state-of-the-art visual effects and AAA game engine technology to work harmoniously on the motion platform. This gives the audience an incredible immersive experience that they won’t forget. Even if you’ve done VR before, this will blow your mind.”

For more information contact scsb@shardcapital.com