REG - Molten Ventures VCT - Offer for Subscription

Molten Ventures VCTAnnouncement

11/10/2024 12:30

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RNS Number : 9206H  Molten Ventures VCT PLC  11 October 2024

Molten Ventures VCT plc (the "Company")

LEI: 2138003I9Q1QPDSQ9Z97

11 October 2024

Offer for Subscription

The Company has today issued an offer document (the "Offer Document") relating
to an offer for subscription for ordinary shares of 5p each in the Company to
raise up to a maximum of £6.7 million (the "Offer").

Early Investment Incentives

In recognition of the increased rates of interest available on cash balances
held pending allotment, the Board and the Elderstreet Investments Limited have
agreed an enhanced early investment incentive structure aimed at encouraging
early subscriptions and ensuring that the benefit of bank interest, which
would otherwise be foregone by the investor, is partially enjoyed by early
investors through the application of an enhanced discount.

For valid applications received and accepted with cleared funds received by
the receiving agent on or before the dates set out below, the relevant
discount set out below will be applied to the applicant's Offer costs through
the Offer's pricing formula:

 31 October 2024   1.25%
 30 November 2024  1.00%
 31 December 2024  0.75%
 31 January 2025   0.50%
 28 February 2025  0.25%

 Applications received from 1 March 2025 onwards will not attract any discount.

Offer opening and closing dates

The Offer will open at 12.00 noon on 11 October 2024 and will close at 10.00
a.m. on 3 April 2025 for the 2024/2025 tax year and 4.00 p.m. on 28 June 2025
for the 2025/2026 tax year, or earlier if the Offer is fully subscribed.

Copies of the Offer Document will shortly be available for download from the
Company's
website, https://investors.moltenventures.com/investor-relations/vct
(https://www.globenewswire.com/Tracker?data=DZocWaDhdRpWAQkgSxS6gqVPsQkARaguLT7a_lHOqxEmJC-z1RHexHkc-4UeMpJlDgoSQ0s_DRm0tdUu7yPdX7L4AD4DKgq7T51G_UwbJEWvbGEbNHsmqn4y2GmQPwixuecbI7zciTDas6iSJU2a5MrrbYN7n_kfzQb5CSQhBUlSWZfk1MYsczT78qQTw-2q)
.

11 October 2024

 

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