Shareholder information

Shares in Issue

Pires Investments plc Ordinary shares of 0.25 pence are listed on AIM, London Stock Exchange. 

The shares are not admitted to trading on any other exchanges or trading platforms and the company has not applied or agreed to have any of its securities (including its AIM securities) so admitted or traded.

Number of shares in issue: 182,956,642
Number of shares not in public hands: approximately 20.89%

There are no Ordinary shares held in treasury. 
There are no restrictions on the transfer of the Company’s Ordinary shares.

Significant Shareholders

Based on information provided to the Company as at 26 August 2022, as far as the Directors are aware, the following are Directors or shareholders interested in 3% or more of the issued share capital of the company.

Shareholder No. Ordinary Shares % Issued Share Capital Notes
RiverFort Global Opportunities plc     38,228,393 20.89% 1
Chris Akers 25,150,000 13.75%  



1. Nicholas Lee, a director of the Company, is also the Investment Director of RiverFort Global Opportunities plc.

This shareholder information is based on the Pires Investments plc share register and disclosures made by shareholders.

Key Information Document:

To download our Key Information Document, please click here.


Headline Date
Placing, RPTs, Warrants & Directors’ dealings 01/08/2022
Company and Investment Portfolio Update 22/07/2022
Results of Court Meeting & GM & Lapsing of Scheme 21/07/2022
Disclosure under Rule 20.3(b): DirectorsTalk video 15/07/2022
TR-1 Notification 12/07/2022
Disclosure under Rule 20.1 11/07/2022
Rule 2.9 Announcement Update 06/07/2022
Conditional Warrant Exercise 04/07/2022
Form 8.3 – Pires Investments PLC 01/07/2022
Exercise of Warrant 30/06/2022
Notice of Tern General Meeting 28/06/2022
Investment Portfolio Update 27/06/2022
Disclosure under Rule 20.1 22/06/2022
Disclosure under Rule 20.1 22/06/2022
TR1 – Notification of Major Holdings 21/06/2022
Update on Irrevocable Undertaking 21/06/2022
Exercise of Warrant 16/06/2022
Final Results 15/06/2022
TR1 – Notification of Major Holdings 09/06/2022
TR1 – Notification of Major Holdings 09/06/2022
Holding(s) in Company 08/06/2022
Exercise of Warrant 06/06/2022
Update on Pires Investments plc 01/06/2022
Recommended All Share Offer for Pires Investments 01/06/2022
Update re Sure Ventures plc 18/05/2022
Update on investment in VividQ 16/05/2022
Exercise of Warrant 22/04/2022
Update on investment in Pluto Digital PLC 14/04/2022
Buymie partners with Asda for grocery delivery 30/03/2022
First Investment of the SVV UK Software Fund 16/03/2022
Getvisibility secures EUR10 million in new funding 11/03/2022
Investment in New SVV UK Software Tech Fund 02/03/2022
Update re Sure Ventures plc NAV 09/02/2022
Update on investment in Pluto Digital plc 04/02/2022
Low6 announces Agreement for RTO of 735 BC 02/02/2022
Holding(s) in Company 02/02/2022
Low6 raises US$5 million in pre-IPO funding round 31/01/2022
Proposed acquisition of Pluto-Replacement 25/01/2022
Proposed acquisition of Pluto by NFT Investments 24/01/2022
CameraMatics raises EUR 3.9 million 30/12/2021
Update on investment in Pluto Digital Assets plc 22/12/2021
Holding(s) in Company 08/12/2021
Sure Ventures plc interim results 08/12/2021
Nova Leah Closes Investment Round 08/12/2021
Update re Sure Ventures plc portfolio 25/11/2021
Holding(s) in Company 12/11/2021
Exercise of Warrant 08/11/2021
Holding(s) in Company 28/10/2021
Admix raises US$25 million in Series B round 26/10/2021
Holding(s) in Company 11/10/2021
Pluto acquires YOP DeFi Project 01/10/2021
Pluto announces strategic NFT partnership 28/09/2021
Exercise of Warrant 20/09/2021
Half-year Report 15/09/2021
Result of AGM 27/08/2021
Ambisense raises additional funds 27/08/2021
Smarttech247 – update on investee company 04/08/2021
Further re sale of Artomatix 03/08/2021
Posting of Notice of AGM 30/07/2021
CameraMatics partners with Maritime Transport Ltd 13/07/2021
Holding(s) in Company 12/07/2021
VividQ announces £11 million seed extension 01/07/2021
CameraMatics founder honoured 30/06/2021
Smarttech247 receives EUR6m order 29/06/2021
Contract Win for Smarttech247 24/06/2021
Holding(s) in Company 11/06/2021
Holding(s) in Company 11/06/2021
Holding(s) in Company 07/06/2021
Getvisibility secures new funding 01/06/2021
Getvisibility ranked as a leading start up in poll 28/05/2021
Exercise of Warrant 19/05/2021
Update re Sure Ventures plc portfolio 17/05/2021
Holding(s) in Company 13/05/2021
Exercise of Warrant 10/05/2021
Final Results for the 14 months to 31 December 2020 28/04/2021
Update on investment in Low6 08/04/2021
Exercise of Warrant 31/03/2021
Getvisibility signs global distribution agreement 29/03/2021
Update on investment in the digital assets sector 22/03/2021
Exercise of Warrants 17/03/2021
Volograms announces new product at SXSW 16/03/2021
Investment in security solution platform PreCog 15/03/2021
Exercise of Warrants 11/03/2021
Holding(s) in Company 10/03/2021
Update on investment in the digital assets sector 09/03/2021
TR-1 Notification 09/03/2021
Update on investment in the digital assets sector 04/03/2021
Exercise of Warrants 02/03/2021
Further investment in Low6 26/02/2021
Exercise of Warrants 22/02/2021
Holding(s) in Company 19/02/2021
Holding(s) in Company 19/02/2021
Holding(s) in Company 19/02/2021
Holding(s) in Company 18/02/2021
Holding(s) in Company 18/02/2021
Update on investment in Low6 15/02/2021
Purchase of shareholding in Sure Ventures plc 12/02/2021
Exercise of Warrants 09/02/2021
Update on investment in the digital assets sector 04/02/2021
Exercise of Warrant 03/02/2021
Directorate change 01/02/2021
Exercise of Warrants 27/01/2021
New Sure Valley Ventures Investment in Virtex VR 25/01/2021
Exercise of Warrants 21/01/2021
Second Price Monitoring Extn 19/01/2021
Price Monitoring Extension 19/01/2021
Holding(s) in Company 19/01/2021
Completion of investment in Decentralised Finance 15/01/2021
Exercise of Warrants 15/01/2021
Holding(s) in Company 14/01/2021
Holding(s) in Company 12/01/2021
CameraMatics raises EUR4m in Series A funding 11/01/2021
Holding(s) in Company 08/01/2021
Exercise of Warrant 07/01/2021
Appointment of Broker 07/01/2021
Holding(s) in Company 04/01/2021
Holding(s) in Company 31/12/2020
Holding(s) in Company 31/12/2020
Holding(s) in Company 29/12/2020
Investment in Low6 14/12/2020
Investment in Decentralised Finance (DeFi) 02/12/2020
Change of accounting reference date 21/10/2020
UN uses VRE’s ENGAGE platform to host major global event in VR 06/10/2020
Buymie partners with Dunnes Stores 06/10/2020
Ambisense launches new COVID-19 platform AmbiAir 01/10/2020
Holding(s) in Company 01/10/2020
Admix extends Series A round to raise further $1.5 million from leading gaming investors 17/09/2020
VividQ collaborates with Arm to power holographic display on mobile 17/09/2020
Exercise of Warrant 16/09/2020
Holding(s) in Company 04/09/2020
Holding(s) in Company 02/09/2020
Exercise of Warrant 01/09/2020
Holding(s) in Company 28/08/2020
Holding(s) in Company 17/08/2020
Holding(s) in Company 12/08/2020
Getvisibility signs public sector distribution agreement with immixGroup 11/08/2020
Pires Investments – Half-year Report 31/07/2020
Pires Investments – Holding(s) in Company 29/07/2020
New SVV investment in Volograms Limited 29/07/2020
Holding(s) in Company 20/07/2020
Appointment of Joint Broker 10/07/2020
Pires Investments – Holding(s) in Company 03/07/2020
Pires Investments plc – Update re portfolio companies 01/07/2020
Pires Investments plc – Total Voting Rights 30/06/2020
Pires Investments – Getvisibility video interview 26/06/2020
Pires Investments – Investor Presentation 25/06/2020
Pires Investments – Result of AGM 24/06/2020
Broadcast Interview with Share Talk 22/06/2020
Partial sale of shareholding in VR Education 22/06/2020
Buymie raises €5.8 million for expansion in the UK and Ireland 15/06/2020
Holding(s) in Company 08/06/2020
Holding(s) in Company 05/06/2020
Holding(s) in Company 03/06/2020
Holding(s) in Company 02/06/2020
Holding(s) in Company 02/06/2020
Posting of Notice of Annual General Meeting 01/06/2020
Holding(s) in Company 01/06/2020
Total Voting Rights 01/06/2020
Buymie partners with Co-op for same day online delivery service 26/05/2020
Holding(s) in Company 26/05/2020
VR Education Holdings plc raises additional funds of €3 million and enters into a partnership with HTC Corporation 21/05/2020
Total Voting Rights 19/05/2020
Holding(s) in Company 18/05/2020
Holding(s) in Company 18/05/2020
Holding(s) in Company 15/05/2020
Change of Registered Office 14/05/2020
Holding(s) in Company 12/05/2020
Holding(s) in Company 12/05/2020
VividQ & Ambisense Webinars 01/05/2020
Holding(s) in Company 30/04/2020
Results for the year to 31 October 2019 30/04/2020
Webinars 29/04/2020
Holding(s) in Company 29/04/2020
Holding(s) in Company 28/04/2020
Holding(s) in Company 28/04/2020
Holding(s) in Company 28/04/2020
Holding(s) in Company 28/04/2020
New investment in Buymie 28/04/2020
Placing, Conditional Placing and Warrants & RPT 24/04/2020
Admix raises additional funds of US$6.1 million 14/04/2020
Holding(s) in Company 14/04/2020
Holding(s) in Company 06/04/2020
Ambisense contracted for Lower Thames Crossing preliminary works 06/04/2020
VividQ raises additional funds of £2.4 million 30/03/2020
Market Update 26/03/2020
Investment in Visibility Blockchain Limited (“Getvisibility”) 10/03/2020
Holding(s) in Company 14/02/2020
Holding(s) in Company 14/01/2020
Holding(s) in Company 06/01/2020
Investment in Sure Valley Ventures 23/12/2019
Holding(s) in Company 10/12/2019
Holding(s) in Company 25/11/2019
Investment in Sure Valley Ventures 21/11/2019
Holding(s) in Company 04/10/2019
Result of AGM 03/10/2019
Market Update 24/09/2019
Holding(s) in Company 19/09/2019
Eco (Atlantic) Oil & Gas Limited Update 16/09/2019
Holding(s) in Company 13/09/2019
Notice of AGM 11/09/2019
Website 09/09/2019
Proposed amendment to investing policy and
proposed investment
Holding(s) in Company 23/08/2019
Holding(s) in Company 23/08/2019
Holding(s) in Company 23/08/2019
Holding(s) in Company 23/08/2019
Holding(s) in Company 23/08/2019
Statement re Media speculation 22/08/2019
Holding(s) in Company 19/08/2019
Eco (Atlantic) Oil & Gas Limited Update 12/08/2019
Half-year Report 17/07/2019
Final Results 30/04/2019
Result of General Meeting 04/04/2019
Posting of Shareholder Circular 12/03/2019
Holding(s) in Company 27/02/2019
Holding(s) in Company 27/02/2019
Holding(s) in Company 27/02/2019
Shareholder Requisition Notice 25/02/2019
Shareholder Requisition Notice 20/02/2019
Issue of Equity and Related Party Transactions 13/02/2019
Holding(s) in Company 07/02/2019
Holding(s) in Company 29/01/2019
Update – Net Asset Valuation 24/01/2019
Holding(s) in Company 14/01/2019
Market Update 02/11/2018
Result of AGM 15/10/2018
Posting of Notice of Annual General Meeting 24/09/2018
Half-year Report 27/07/2018
Final Results 30/04/2018
Holding(s) in Company 20/12/2017
Holding(s) in Company 09/11/2017
Holding(s) in Company 09/11/2017
Result of AGM 21/08/2017
Directorate Change 18/08/2017
Holding(s) in Company 11/08/2017
Holding(s) in Company 01/08/2017
Notice of AGM 31/07/2017
Half-Year Report 31/07/2017
Holding(s) in Company 14/07/2017
Holding(s) in Company 05/06/2017
Holding(s) in Company 24/05/2017
Holding(s) in Company 05/05/2017
Holding(s) in Company 28/04/2017
Final Results 27/04/2017
Holding(s) in Company 16/03/2017
Directorate Change 13/02/2017
Investment in Eco (Atlantic) Oil & Gas Ltd 08/02/2017
Holding(s) in Company 03/02/2017
Holding(s) in Company 30/01/2017
Holding(s) in Company 13/01/2017
Holding(s) in Company 16/12/2016
Holding(s) in Company 08/12/2016
Holding(s) in Company 08/12/2016
Holding(s) in Company 05/12/2016
Holding(s) in Company 02/12/2016
Issue of equity 28/11/2016
Fundraising 02/11/2016
Rame Energy plc Disposal 30/09/2016
Holding(s) in Company 19/09/2016
Investment in Rame Energy plc 05/08/2016
Half Year Report 28/07/2016
Issue of Equity 05/07/2016
Result of AGM 27/05/2016
Final Results 29/04/2016
Result of General Meeting 31/03/2016
Holding(s) in Company 23/03/2016
Holding(s) in Company 21/03/2016
Holding(s) in Company 16/03/2016
Holding(s) in Company 16/03/2016
Correction: Posting of circular and update 11/03/2016
Posting of circular and update 11/03/2016
Holding(s) in Company 04/03/2016
Holding(s) in Company 03/03/2016
Change of Registered Office 17/12/2015
Holding(s) in Company 13/11/2015
Result of Annual General Meeting 04/08/2015
Interim Results 31/07/2015
Notice of Annual General Meeting 10/07/2015
Final Results 30/04/2015
Investment 16/02/2015
Board Changes 18/12/2014
Investment in Armstrong Ventures plc 23/10/2014


Reports & Accounts

Headline Date
Interim Results 2022 29/09/2022
Annual Report and Financial Statements for the year ended 31 December 2021 15/06/2022
Interim Results 2021 15/09/2021
Annual Report and Financial Statements for the period ended 31 December 2020 28/04/2021
Interim Results 2020 31/07/2020
Annual Report and Financial Statements for the year ended 31 October 2019 30/04/2020
Interim Results 2019 17/07/2019
Annual Report and Financial Statements for the year ended 31 October 2018 30/04/2019
Interim Results 2018 27/07/2018
Annual Report and Financial Statements for the year ended 31 October 2017 30/04/2018
Interim Results 2017 31/07/2017
Annual Report and Financial Statements for the year ended 31 October 2016 28/04/2017
Interim Results 2016 28/07/2016
Annual Report and Financial Statements for the year ended 31 October 2015 29/04/2016
Interim Results 2015 31/07/2015
Annual Report and Financial Statements for the year ended 31 October 2014 30/04/2015
Interim Results 2014 30/07/2014
Annual Accounts 2013 29/04/2013
Annual Accounts 2012 30/04/2012

Company notices and documents

News and Circulars

Results of AGM (poll results) 27/08/2021
Pires Investments plc – DRAFT Off-market share buyback agreement 16/08/2021
Form of Proxy 30/07/2021
Circular and Notice of General Meeting 30/07/2021
Results of AGM (poll results) 24/06/2020
Form of Proxy 01/06/2020
Circular and Notice of General Meeting 01/06/2020
Form of Proxy 11/09/2019
Circular and Notice of General Meeting 11/09/2019
Form of Proxy 11/03/2019
Circular and Notice of General Meeting 11/03/2019
Form of Proxy 24/09/2018
Notice of AGM 2018 24/09/2018
Notice of AGM 2017 and Form of Proxy 27/07/2017
Notice of AGM 2016 and Form of Proxy 29/04/2016
Form of Proxy 11/03/2016
Circular and Notice of General Meeting 11/03/2016
Notice of Annual General Meeting 10/07/2015
Company Documents  
Articles of Association 24/06/2020
New Articles of Association 04/08/2015
Articles of Association 16/04/2012
AWG Services plc – Reverse Document 07/11/2003

Company Advisers


PKF Littlejohn LLP
1 Westferry Circus
E14 4HD

Nominated Adviser

Cairn Financial Advisers LLP
62-63 Cheapside
Phone: +44 207 213 0883


Peterhouse Capital Limited 
80 Cheapside
Phone : +44 207 469 0930


Computershare Investor Services plc
PO Box 82
The Pavilions
Bridgwater Road
BS99 7NH
Phone: +44 870 889 3207

Investing Policy

The Company’s Investing Policy is to invest principally, but not exclusively, in the natural resources, and technology sectors. The Company will consider investments in the United Kingdom, Ireland and Europe more generally but will also consider investments in wider geographical regions. The Company may be either an active investor and acquire control of a single company or it may acquire non-controlling shareholdings. Once a target has been identified, additional funds may need to be raised by the Company to complete a transaction.

The proposed investments to be made by the Company may be in either quoted or unquoted securities made by direct acquisition and may be in companies, partnerships or joint ventures; or direct interests in projects and can be at any stage of development. The Company’s equity interest in a proposed investment may range from a minority position to 100 per cent. ownership.

The Company will identify and assess potential investment targets and where it believes further specialist investigation is required, it intends to appoint appropriately qualified advisers to assist.

The Company proposes to carry out a comprehensive and thorough project review process in which all material aspects of any potential investment will be subject to rigorous due diligences, as appropriate. It is likely that the Company’s financial resources will be invested in a small number of projects or investments or potentially in an investment which may be deemed to be a reverse takeover under the AIM Rules. Where this is the case, it is intended to mitigate risk by undertaking an appropriate due diligence process. Any transaction constituting a reverse takeover under the AIM Rules will require shareholder approval. The possibility of building a broader portfolio of investment assets will also be considered.

The Company intends to deliver shareholder returns principally through capital growth rather than capital distribution via dividends. Given the nature of the Company’s Investing Policy, the Company does not intend to make regular periodic disclosures or calculations of net asset value.

The Directors believe that their broad collective experience together with their extensive network of contacts will assist them in the identification, evaluation and funding of suitable investment opportunities. When necessary, other external professionals will be engaged to assist in the due diligence of prospective opportunities. The Directors will also consider appointing additional directors with relevant experience if the need arises.

The objective of the Directors is to generate capital appreciation and any income generated by the Company will in the first instance be applied to cover costs or will be added to the funds available to further implement the Investment Policy. However, they may recommend or declare dividends at some future date depending on the financial position of the Company.

Corporate Governance

Details of Committees of the Board of Directors and their Responsibilities

The Board meets on a formal basis as necessary and generally at least once per quarter. At those meetings a detailed report on finances is presented and discussed and potential investments considered. The Board considers risk and strategy at each meeting. 

An Audit Committee is established and comprises John May and Nicholas Lee. The Committee meets with the auditors, considers the results and the audit process, and satisfies itself as to the auditor’s independence. 

The Company has a Remuneration Committee, which comprises John May and Nicholas Lee.

Statement of Directors’ Responsibilities

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that year. In preparing those financial statements, the directors are required to:

– Select suitable accounting policies and then apply them consistently;

– Make judgments and estimates that are reasonable and prudent;

– State whether any applicable accounting standards have been followed subject to any departures disclosed and explained in the financial statements;

– Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company and the Group will continue in business.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 1985 and 2006. They are also responsible for safeguarding the assets of the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. All Directors have service contracts, none of which has a duration of longer than 12 months.

Compliance with the Corporate Governance Code

The Board recognises its responsibility for the proper management of the Company and is committed to maintaining a high standard of corporate governance. The Directors recognise the importance of sound corporate governance commensurate with the size and nature of the Company and the interests of its Shareholders.

The Board of Directors has therefore decided to apply the QCA Corporate Governance Code (“QCA Code”).  Details of how the Company complies with the QCA Code, can be found here

Directors’ Share Dealing Code

The Company has adopted, and will operate where applicable, a share dealing code for Directors and applicable employees under terms equivalent to those provided by Rule 21 of the AIM Rules for Companies.

Takeover Code

The City Code on Takeovers and Mergers applies to the Company and governs, inter alia, transactions which may result in a change of control of the Company.