REG-Molten Ventures Plc Share Repurchase Programme

Molten VenturesAnnouncement

21/01/2025 07:15

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   Molten Ventures Plc (GROW; GRW)
   Share Repurchase Programme

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

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                              Molten Ventures plc
          ("Molten Ventures", "Molten", "the "Group" 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, confirms that following its announcement regarding the exit of
   its Freetrade position  and the  Company’s intention to  commence a  share
   repurchase programme of  a further  £5m (the “Programme”),  it will  today
   commence the Programme 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   The  Company  confirms  that  it  currently  has  no  unpublished   inside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  30  September  2024,  the  Company's  total  issued  share  capital
   consisted of 189,046,450  Ordinary Shares.  The total  number of  Ordinary
   Shares in treasury is 2,574,540 and  the total number of voting rights  in
   the Company is 186,471,910.

   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.

                                     -ENDS-

   Enquiries

   Molten Ventures plc
                                                       +44 (0)20 7931 8800
   Ben Wilkinson (Chief Executive Officer)
                                                        1 ir@molten.vc
   Andrew Zimmermann (Interim 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
                                                       +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 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 £600 million to 30 September 2024.

   For            more             information,             go             to
   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; GRW
   LEI Code:       213800IPCR3SAYJWSW10
   OAM Categories: 2.4. Acquisition or disposal of the issuer's own shares
                   2.5. Total number of voting rights and capital
   Sequence No.:   371641
   EQS News ID:    2071065


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@molten.vc


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