REG-Molten Ventures Plc Directorate changes

Molten VenturesAnnouncement

30/10/2024 07:15

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   Molten Ventures Plc (GROW; GRW)
   Directorate changes

   30-Oct-2024 / 07:00 GMT/BST

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   THIS ANNOUNCEMENT  CONTAINS  INSIDE  INFORMATION  IN  RELATION  TO  MOLTEN
   VENTURES PLC.

   FOR IMMEDIATE RELEASE

    

   30 October 2024

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

                              Directorate Changes

   Molten Ventures plc (LSE: GROW,  Euronext Dublin: GRW), a leading  venture
   capital firm investing  in and developing  high growth digital  technology
   businesses, today announces that  CEO Martin Davis  will be stepping  down
   after five years at the  Company. He will be succeeded  as CEO by CFO  Ben
   Wilkinson, and Finance Director Andrew Zimmermann will step up as  Interim
   CFO. These changes  are taking  place with immediate  effect, with  Martin
   remaining with Molten  until the  end of  April 2025  to provide  handover
   support and ongoing strategic advice.

   Laurence Hollingworth, Chairman, said:

   “We are grateful  to Martin for  the critical  role he has  played in  the
   development of Molten into  the unique and leading  business it is  today.
   Having taken over as  CEO from the co-founding  CEO just three years  into
   public company life on AIM, Martin leaves Molten as a main market  company
   and a  member  of  the  FTSE  250,  with  an  extensive  track  record  of
   strategically additive M&A, evidenced most recently by the acquisition  of
   Forward Partners as well as multiple secondary portfolio investments.

   “Martin achieved this against the backdrop of a challenging period,  which
   saw  an  all-time  high  in  private  company  fundraising  activity   and
   valuations, followed  by  a  significantly  more  challenging  market.  He
   continued the further expansion of the Molten Ventures platform  supported
   by Ben.  The Board  offers Martin  its thanks  for his  leadership of  the
   business and wishes him success in his next venture.”

   “Maintaining a  strong focus  on succession  planning has  been among  the
   Board’s priorities in 2024 and we are delighted to be making two  internal
   promotions to  create a  strong top  team. Ben  has been  instrumental  in
   maintaining a robust balance sheet and executing on the Company’s strategy
   over his eight years as CFO at Molten. We look to Ben to continue to scale
   Molten, drawing on his deep knowledge of the business and its people.”

   Ben Wilkinson said:

   “I am grateful to the Board for the opportunity to continue the  evolution
   of the business. The Molten Ventures platform is significantly larger than
   when I joined immediately  post-IPO and has  incredible potential for  the
   next phase  of  growth, with  a  strong  investment team  supported  by  a
   platform team with  a unique  skillset. I  look forward  to outlining  our
   growing vision for the  business and can assure  all stakeholders that  we
   will continue our focus on supporting the best founding teams in the  most
   exciting technology sectors, supported by intelligent capital management.”

   Martin Davis said:

   “After five years including a  global pandemic, the additional impetus  it
   gave to the  acceptance and adoption  of technology and  a pendulum  swing
   back  away  from  that  peak,  I  am  pleased  to  leave  Molten  Ventures
   stabilised, expanded and in  safe hands. I set  out to grow the  portfolio
   and build  the infrastructure  to be  able to  scale the  business and  am
   pleased with the progress we have  made. As the Company prepares to  enter
   the next stage of the cycle I believe that Molten Ventures needs a  leader
   and executive team to drive growth for the next phase. I am proud of  what
   we have achieved at  Molten and have greatly  enjoyed working with such  a
   talented team and with our exceptional  founders. I wish Ben and the  team
   every success.

   There is no further information to disclose under UKLR 6.4.8R.

                                     -ENDS-

   Enquiries:

    

   Molten Ventures plc

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

   Ben Wilkinson (Chief Executive Officer)              1 chair@molten.vc

   Andrew Zimmermann (Interim Chief Financial Officer)  2 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
                                                       +44 (0) 20 3841 6202
   Don Harrington

   William Hall

    
   Sodali & Co.

   Public relations
                                                       +44 (0)7970 246 725
   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 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 30  September 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  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 circa £600m  to
   30      September      2024.      For      more      information,       go
   tohttps://www.moltenventures.com

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   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: 2.2. Inside information
                   3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   355870
   EQS News ID:    2018535


    
   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


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