Venture Completes Private Share Placement

The Board of Venture is pleased to announce the placing on behalf of certain major shareholders of 14 million shares, representing approximately 13% of the issued share capital of Venture. The shares were placed with institutional clients by Oriel Securities Limited.

Bruce Dingwall, Chief Executive, commented:

'We are delighted to have broadened our shareholder base and to have significantly improved the market liquidity of Venture shares through this placing. We are pleased that some of our founder shareholders have had the opportunity to realise part of their holdings whilst still retaining the majority of their stakes going forward. We welcome to our register a range of high quality institutional shareholders and we look forward to continuing to drive forward the business for the benefit of all stakeholders.'