REG-Molten Ventures Plc Commencement of extended Share Repurchase Programme

Molten VenturesAnnouncement

13/03/2025 07:15

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   Molten Ventures Plc (GROW; GRW)
   Commencement of extended Share Repurchase Programme

   13-March-2025 / 07:00 GMT/BST

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

              Commencement of extended 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, 13  March  2025,  it  will
   commence an  additional share  repurchase  programme of up  to  £15m  (the
   "Programme"), as previously announced on 12 February 2025.

   The Programme goes  significantly beyond the  10% of realisation  proceeds
   previously outlined in  the Capital Allocation  Policy, doubling the  £15m
   already completed  as  the  Company remains  committed  to  narrowing  the
   current share price discount to asset value.

   The Board will continue to monitor  the share price discount to net  asset
   value, and should that discount persist the Board will consider committing
   further capital to the investment  opportunity that buying back shares  at
   such wide discounts represents.

   The Programme will be  financed through existing  cash resources and  will
   continue until  the  earlier  of  either the  expiration  of  the  general
   authority received at the Company's 2024 AGM ("General Authority") or upon
   reaching the maximum purchase 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   The  Company  confirms  that  it  currently  has  no  unpublished   inside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  13 March  2025,  the Company's  issued  share capital  consists  of
   189,046,450 Ordinary  Shares,  the  total number  of  Ordinary  Shares  in
   treasury is 4,186,493 and the total number of voting rights in the Company
   is 184,859,957.

   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.

    

   Enquiries

   Molten Ventures plc
                                                +44 (0)20 7931 8800
   Ben Wilkinson (Chief Executive Officer)
                                                 1 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

   Don Harrington                               +44 (0) 20 3841 6202

   Tom Nicholson

   William Hall
   Sodali
                                                +44 (0)7970 246 725/
   Public relations
                                                +44 (0)771 324 6126
   Elly Williamson
                                                molten@sodali.com 
   Jane Glover

   About Molten Ventures

    

   Molten Ventures is a  leading venture capital  firm in Europe,  developing
   and investing in high growth technology companies.

    

   It invests  across  four  sectors:  Enterprise  &  SaaS;  AI,  Deeptech  &
   Hardware; Consumer; and Digital Health & Wellness with highly  experienced
   partners constantly looking for new opportunities in each.

    

   Listed on the London Stock  Exchange and Euronext Dublin, 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 the  IPO in June  2016, it  has
   deployed over  £1bn  capital into  fast  growing tech  companies  and  has
   realised over £600m to 30 September 2024.

    

   For                 more                  information,                  go
   to  2 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:  MSCU
   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.:   378835
   EQS News ID:    2099730


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@molten.vc
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f7a9fc3da9a2238516f47ad07207f673&application_id=2099730&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news


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