Lift Global Ventures PLC Investment in All Active Asset Capital Limited (1449G)

TIDMLFT

RNS Number : 1449G

Lift Global Ventures PLC

17 July 2023

17 July 2023

Lift Global Ventures Plc

("Lift" or the "Company")

Investment

Lift Global Ventures Plc (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, is pleased to announce that is has made an investment of GBP50,000 into All Active Asset Capital Limited which is a private company investing in the global technology, software and AI space ("AAA").

In particular, AAA owns 25% of the issued share capital of Sentiance N.V. ('Sentiance'), the Belgian artificial intelligence ('AI') software development business. Details of Sentiance's technology and products are at www.sentiance.com, which explains that Sentiance provides AI solutions to blue chip companies such as Uber, Absa, Verisure, DBS Bank, Microsoft and Delivery Hero, among others.

Sentiance could become a leading player in the insuretech sector and its technology could be subsequently deployed in the automotive, logistics, and last mile delivery industries and beyond. The Lift board sees real value in Sentiance being a technology disruptor in the Insurance-Banking and Gig -Mobility sectors.

Zak Mir, CEO of Lift commented: "We are pleased to be given the opportunity to invest in AAA who has a significant share holding in Sentiance. Sentiance has been developing AI solutions for many years and has a blue chip client base. We are excited to have small shareholding in this AI technology company in what is very a much expanding global industry."

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

 
 Lift Global Ventures Plc 
 Zak Mir, CEO                             [phone] 
                                         -------------------- 
 Optiva Securities Ltd (AQSE Corporate 
  Adviser and Broker) 
                                         -------------------- 
 Christian Dennis 
  Daniel Ingram                           [phone] 
                                         -------------------- 
 

For more information please visit: www.liftgv.com

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July 17, 2023 02:30 ET (06:30 GMT)