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Molten Ventures Plc (GROW)
Extension of Share Repurchase Programme
04-Aug-2025 / 07:00 GMT/BST
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Molten Ventures plc
("Molten Ventures", "Molten", or the "Company")
Extension of Share Repurchase Programme
Molten Ventures (LSE: GROW), a leading venture capital firm investing in
and developing high-growth digital technology businesses, announces that,
upon completion of its £15m share repurchase programme announced on 12
February 2025, it will commence an additional share repurchase
programme of up to £10m (the "Programme").
The Programme goes significantly beyond the minimum 10% of realisation
proceeds previously outlined in the Capital Allocation Policy, bringing
the total committed since the commencement of the current programme in
July 2024 to £40m, as the Company remains committed to narrowing the
current share price discount to net asset value.
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 2025 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 Goodbody Stockbrokers UC ("Goodbody"),
acting as agent, to conduct the Programme on its behalf and carry out
on-market purchases of Ordinary Shares. 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The Company confirms that it currently has no unpublished inside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 31 July 2025, the Company's issued share capital consists of
189,046,450 Ordinary Shares, the total number of Ordinary Shares in
treasury is 8,995,778 and the total number of voting rights in the Company
is 180,050,672.
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)
Goodbody Stockbrokers
Joint Financial Adviser and Corporate Broker
Don Harrington
+44 (0) 20 3841 6202
Charlotte Craigie
Tom Nicholson
William Hall
Deutsche Numis
Joint Financial Adviser and Corporate Broker
Simon Willis +44 (0)20 7260 1000
Jamie Loughborough
Iqra Amin
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 Technology; and Digital Health with highly experienced
partners constantly looking for new opportunities in each.
Listed on the London Stock Exchange, 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 its IPO in June 2016, Molten has deployed over £1bn
capital into fast growing tech companies and has realised £660m to 31
March 2025.
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: POS
TIDM: GROW
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.: 397764
EQS News ID: 2178610
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=cb408b1ceda3ff115cda1adbf609cefa&application_id=2178610&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news
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