Mindflair surges as it sells interest in AI data security company

Mindflair PLC ( AIM: MFAI ) &nbsp, shares leapt 26 % to 1.01p after the AI investment company said&nbsp, it was selling its entire stake&nbsp, in Visibility Blockchain Ltd, known as Getvisibility, for an expected&nbsp, €2.1 million ( £1.8 million ) in cash. &nbsp,

The price of its straight held interest has been agreed with Forcepoint, a professional in data and fog security. &nbsp, &nbsp,

Mindflair said it expects to receive a total of roughly £2.6 million in cash from other direct interests in Getvisibility, especially its investment in the Positive Ventures and one of its finances.

The&nbsp, waste represents a return of six times the strong investment, while&nbsp, the carrying price was £1.2 million on an unaudited basis.

Mindflair said it will use part of the money to settle outstanding product information amounting to circa £800, 000&nbsp, and accrued interest.

Getvisibility specialises in information visibility and control, using state-of-the-art artificial knowledge to identify and secure disorganized information.

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