REG-Molten Ventures Plc CFO Appointment

Molten VenturesAnnouncement

28/01/2025 07:15

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   Molten Ventures Plc (GROW; GRW)
   CFO Appointment

   28-Jan-2025 / 07:00 GMT/BST

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                              Molten Ventures plc
                    ("Molten", the "Group" or the "Company")

                                CFO Appointment

   Molten Ventures  plc  (LSE: GROW,  Euronext  Dublin: GRW)  is  pleased  to
   announce the appointment of Andrew Zimmermann as a Director and CFO of the
   Company, effective 28 January 2025. Andrew has served as Interim CFO since
   30 October 2024 having originally  joined the Company as Finance  Director
   in November 2023. He will  also be joining the  Board of Directors and  is
   expected to stand for re-election by shareholders at the Company’s  annual
   general meeting to be held in July 2025.

    

   About Andrew Zimmermann

   Andrew joined Molten as Finance Director  in 2023 from IPGL Limited –  the
   family investment office of an  UHNWI – where he  served as CFO. Prior  to
   that, Andrew  was the  EMEA  Finance Director  for  the Carlyle  Group,  a
   NASDAQ-listed global  private  equity and  alternative  investments  firm.
   Andrew qualified as  a chartered  accountant with Deloitte,  and has  also
   held Financial  Controller roles  at Martin  Currie Investment  Management
   Limited, Alliance Trust plc and Schroders plc. 

    

   Laurence Hollingworth, Chair of Molten Ventures, commented:

   “We are delighted  to confirm  Andrew’s permanent appointment  as CFO.  As
   Interim CFO, he has demonstrated  leadership and financial expertise.  The
   Board and the Nomination Committee were  impressed by his ability to  step
   up through the interim period and guide the Company’s financial reporting.
   We look forward to his continued contributions.”

    

   Ben Wilkinson, CEO of Molten Ventures, commented:

   “Andrew has proven himself to be a highly capable leader with a firm grasp
   of our  financial  operations  and  a  clear  vision  for  supporting  the
   Company’s long-term  goals.  His appointment  is  well deserved,  and  I’m
   pleased to have  his ongoing support  as we continue  to drive our  growth
   strategy.”

    

   Commenting on his appointment, Andrew Zimmermann said:

    

   “It has been a privilege to serve  as Interim CFO and Finance Director  at
   Molten over the past fourteen months  and I’m honoured to be appointed  as
   CFO and  join the  Board.  I look  forward  to further  strengthening  our
   financial position  and helping  guide Molten  through our  next phase  of
   growth, ensuring  we  deliver  on  our  commitments  to  shareholders  and
   stakeholders alike.”

    

   Andrew  Zimmermann's  remuneration  arrangements  are  in  line  with  the
   shareholder-approved Remuneration  Policy and  will  be disclosed  in  the
   Directors' Remuneration Report contained within the Annual Report for  the
   year ending  31 March  2025. There  are no  further matters  that  require
   disclosure under LR 6.4.8R of  the UK Listing Rules  or under LR 6.1.7  of
   the Irish Listing Rules in relation to his appointment.

                                        

                                     -ENDS-

                                        

                                        

   Enquiries:

    

   Molten Ventures plc

   Laurence Hollingworth (Chairman)      +44 (0)20 7931 8800

   Ben Wilkinson (Chief Executive         1 chair@molten.vc
   Officer)
                                          2 ir@molten.vc
   Andrew Zimmermann (Chief Financial
   Officer)
   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               +44 (0) 20 3841 6202

   Don Harrington

   Tom Nicholson

   William Hall
   Sodali & Co.
                                         +44 (0)7970 246 725 / +44 (0)771 324
   Public relations                      6126

   Elly Williamson                        3 molten@sodali.com

   Jane Glover

    

    

   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 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 30  September 2024,  Molten Ventures  had a  diverse portfolio  with
   shareholdings in 100+ companies, 18 of which represent our Core  Portfolio
   holdings and  account for  61%  of the  Gross  Portfolio Value.  Our  core
   companies include Revolut, Thought Machine, Coachhub, Form3, 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  aspirations  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.

    

   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  £1bn capital into fast  growing tech companies  and
   have realised over £600m to 30 September 2024.

    

   For            more             information,             go             to
    4 https://investors.moltenventures.com/investor-relations/plc

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   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:  BOA
   TIDM:           GROW; GRW
   LEI Code:       213800IPCR3SAYJWSW10
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   373048
   EQS News ID:    2075523


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:chair@molten.vc
   2. mailto:ir@molten.vc
   3. mailto:molten@sodali.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=cb408b1ceda3ff115cda1adbf609cefa&application_id=2075523&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news


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