Share Talk Ltd

Investment in decentralised finance through DeTech Studio Limited Pires Investments plc (AIM: PIRI), the investment company focused on next-generation technology, announced that it has conditionally entered into a share subscription agreement ("Subscription Agreement") to subscribe for 1,765 new ordinary shares in DeTech Studio Limited ("DeTech"), a newly incorporated company which is developing a decentralised finance technology platform ("YOP"). This investment will provide the Company with a 15% equity interest in DeTech.  Furthermore, in conjunction with the Subscription Agreement, the Company has entered into a YOP Token Purchase Agreement ("YOP Agreement") whereby the Company will also be issued with 4 million YOP tokens, representing 4.5% of the total 88 million YOP tokens to be issued, of which 3 million YOP tokens will be subject to lock-in provisions. In the event that the YOP tokens to be issued pursuant to the YOP Agreement are not delivered to the Company by 31 January 2021, the Subscription