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Sure Ventures Plc ( (GB:SURE) ) has issued an update.
Sure Ventures PLC has announced the cash sale of its entire stake in Getvisibility, a cybersecurity company specializing in data visibility and control, to Forcepoint. The sale is expected to generate a gross cash inflow of £1.52 million, representing a 4.5x return on investment. The proceeds will be used to pay down debt, ensure sufficient working capital, and potentially pay dividends to shareholders. This move positions Sure Ventures PLC’s Fund 1 in ‘exit mode,’ indicating future exits may lead to increased shareholder returns.
More about Sure Ventures Plc
Sure Ventures PLC is an investment firm focusing on early-stage software companies in the technology sectors of Artificial Intelligence, Augmented Reality, Virtual Reality, and the Internet of Things.
YTD Price Performance: 6.71%
Average Trading Volume: 7,624
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.69M
For a thorough assessment of SURE stock, go to TipRanks’ Stock Analysis page.