DJ Share Repurchase Programme
Molten Ventures Plc (GROW; GRW)
Share Repurchase Programme
26-Jul-2024 / 07:01 GMT/BST
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Molten Ventures plc
("Molten" or the "Company")
Share Repurchase Programme
Molten Ventures (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing
high-growth digital technology businesses, announces that, beginning today, 26 July 2024, it will commence a share
repurchase programme of up to GBP10,000,000 (the "Programme").
The Programme will be financed through existing cash resources. The Programme will commence on the date of this
announcement and will continue until the earlier of either the expiration of the general authority received at the
Company's 2024 AGM ("General Authority") or reaching purchase of the maximum amount intended under the Programme.
The purchased ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") will be held in
treasury.
To implement the Programme, the Company has entered into an irrevocable, non-discretionary agreement with Numis
Securities Limited ("Deutsche Numis") to conduct the Programme on its behalf and carry out on-market purchases of
Ordinary Shares, acting as riskless principal, and to sell on such Ordinary Shares to the Company. Share repurchases
may be made from time to time depending on market conditions, share price and trading volume.
The Company confirms that it currently has no unpublished inside information.
The Programme will operate in accordance with and under the terms of the relevant General Authority. The Programme will
be conducted within the parameters of the Market Abuse Regulation 596/2014/EU and the delegated regulations made
pursuant to it.
As at 26 July 2024, the Company's total issued share capital consisted of 189,046,450 Ordinary Shares, with one voting
right per share.
The Company will announce any market repurchase of Ordinary Shares no later than 7.30am on the business day following
the calendar day on which the repurchase occurred.
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Enquiries
Molten Ventures plc
Martin Davis (Chief Executive Officer)
+44 (0)20 7931 8800
Ben Wilkinson (Chief Financial Officer)
ir@molten.vc
Deutsche Numis
Joint Financial Adviser and Corporate Broker
Simon Willis
+44 (0)20 7260 1000
Jamie Loughborough
Iqra Amin
Goodbody Stockbrokers
Joint Financial Adviser and Corporate Broker,
Euronext Dublin Sponsor
Don Harrington +44 (0) 20 3841 6202
Dearbhla Gallagher
William Hall
Sodali & Co
Public relations +44 (0)7889 297 217
Elly Williamson molten@sodali.com
Christopher Flame
About Molten Ventures
Molten Ventures is a leading venture capital firm in Europe, developing and investing in disruptive, high growth technology companies. We inject visionary companies with energy to help them to transform and grow. This energy comes in many forms - capital, of course, but also knowledge, experience, and relationships. We believe it is our role to support the entrepreneurs who will invent the future, and that future is being built, today, in Europe.
As at 31 March 2024, Molten Ventures had a diverse portfolio with shareholdings in 118 companies, 20 of which represent our Core holdings and account for 62% of the Gross Portfolio Value. Our Core companies include Thought Machine, Coachhub, Aiven, Ledger and Aircall. We invest across four sectors: Enterprise Technology, Hardware and Deeptech, Consumer Technology, and Digital Health and Wellness, with highly experienced partners constantly looking for new opportunities in each. We look for high-growth companies operating in new markets, with high potential for global expansion, strong IP, powerful technology, and strong management teams to deliver success. We also look for businesses with the potential to generate strong margins to ensure rapid, sustainable growth in substantial addressable markets.
A member of the London Stock Exchange's FTSE 250, Molten Ventures provides a unique opportunity for public market investors to access these fast-growing tech businesses, without having to commit to long term investments with limited liquidity. Since our IPO in June 2016, we have deployed over GBP1bn capital into fast growing tech companies and have realised over GBP520m to 31 March 2024. For more information, go to https://www.moltenventures.com/
For more information, go tohttps://www.moltenventures.com/
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: GB00BY7QYJ50
Category Code: POS
TIDM: GROW; GRW
LEI Code: 213800IPCR3SAYJWSW10
OAM Categories: 2.4. Acquisition or disposal of the issuer's own shares
3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 336593
EQS News ID: 1954543
End of Announcement EQS News Service
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(END) Dow Jones Newswires
July 26, 2024 02:01 ET (06:01 GMT)
