Mindflair PLC - invests in next generation technology focused on artificial intelligence - Notes trading update made by its investee company, Sure Ventures PLC, a London listed venture capital fund which invests in early stage software companies. Mindflair has a 23.8% shareholding in Sure Ventures and Sure Ventures has a 25.9% interest in Sure Valley Ventures, in which Mindflair has a 13% direct investment. Consequently, Mindflair has a combined direct and indirect interest in SVV1 of circa 19%. The current net asset value per share of the Sure Valley Ventures Fund as of the second quarter is EUR 2.02 which is an 85% increase from its NAV in the first quarter.

Current Mindflair stock price: 1.10 pence

12-month change: down 27%

Current Sure Ventures stock price: 95.00 pence

12-month change: down 2.6%

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