REG - Molten Ventures VCT - Issue of Equity

Molten Ventures VCTAnnouncement

16/04/2025 12:45

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RNS Number : 3204F  Molten Ventures VCT PLC  16 April 2025

Molten Ventures VCT plc

LEI: 2138003I9Q1QPDSQ9Z97

16 April 2025

Issue of Equity under Offer

The Board of Board of Molten Ventures VCT plc (the "Company") is pleased to
announce that in accordance with the terms of the Offer for Subscription dated
11 October 2024 (the "Offer"),  278,213 Ordinary Shares of 5p each were
allotted on 16 April 2025 at offer prices ranging from 41.74p to 43.82p (due
to the operation of the pricing formula) based on an unaudited net asset value
of 41.7p per share which has been adjusted down for  the 1p dividend which
was declared and went ex-dividend  on 27 March 2025. The allotment of shares
will rank pari passu with existing Ordinary Shares.

 

It was announced on 25 March 2025 that the Offer was fully subscribed and was
closed for applications. In total 15,531,201 Ordinary Shares were issued by
the Company pursuant to the Offer, raising in aggregate, £6.7 million before
costs.

 

The issued share capital and total voting rights of the Company is now
290,697,160 Ordinary Shares.

 

The above figure may be used by Shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, Molten Ventures VCT plc under
the Financial Conduct Authority's (FCA) Disclosure Guidance and Transparency
Rules.

 

Application for the Shares to be admitted to the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's market for
listed securities will be made at the earliest practicable opportunity.
Dealings are expected to commence on or around 25 April 2025.

 

 

For further information please contact:

ISCA Administration Services Limited,

Company Secretary 01392 487056

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