reports
Directorate change
Directorate change Molten Ventures VCT plc (“Company”)23 January 2024LEI: 2138003I9Q1QPDSQ9Z97Directorate Change The Board of Molten Ventures VCT plc is pleased to announce the appointment of Sally Duckworth as a non-executive director of the Company with effect from 22 January 2024. As noted in the Chairman’s Statement with the last Annual Report, the Company has undertaken a process to identify suitable non-executive director candidates as part of a board refresh exercise following a period of significant upheaval. Sally has worked in the financial services sector since 1990 and ...
Half-year report
Half-year report Molten Ventures VCT plcLEI: 2138003I9Q1QPDSQ9Z97Half-Year Report14 December 2023 Recent performance summary 30 Sept 2023 31 Mar202330 Sept 2022 PencePencePenceNet Asset Value (“NAV”) per Share49.953.352.8Cumulative distributions paid per Share115.1113.6113.6Total Return per Share165.0166.9166.4 CHAIRMAN’S STATEMENTI am pleased to present the Half-Yearly Report for the Company for the six months ended 30 September 2023. Market conditions have remained difficult throughout the period, however we have seen a steady level of new investment activity, utilising some of th...
Publication of Prospectus
Publication of Prospectus Molten Ventures VCT plc (the "Company")LEI: 2138003I9Q1QPDSQ9Z973 October 2023Publication of prospectus The Company has today issued a prospectus (the “Prospectus”) relating to an offer for subscription for ordinary shares of 5p each in the Company ("New Shares") to raise up to £20 million (with an over-allotment facility of up to an additional £20 million) (the "Offer") following the approval of the Prospectus by the Financial Conduct Authority. A maximum of up to 100 million New Shares will be available under the Offer. Early Investment IncentivesIn recognition...
Total Voting Rights
Total Voting Rights Molten Ventures VCT plc Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97 Total Voting Rights 2 October 2023 In conformity with the Disclosure and Transparency Rule 5.6.1, Molten Ventures VCT plc announces that the Company’s capital and voting rights, as at 30 September 2023, are summarised as follows: Shares in issueVoting rights per share Voting rightsOrdinary shares of 5p each242,913,1961242,913,196Total Voting Rights 242,913,196 The Company does not hold any shares in treasury. The above takes account of any shares that have recently been bought back for ...
Net Asset Value(s)
Net Asset Value(s) Molten Ventures VCT plcLEI: 2138003I9Q1QPDSQ9Z97NAV and Portfolio Update28 September 2023 Molten Ventures VCT plc (“the Company”) announces that the unaudited Net Asset Value of the Company at 31 July 2023 was 50.9p per share. The unaudited Balance Sheet of the Company at 31 July 2023 is as follows: £’000Investments Venture capital investments88,351Current assets Debtors561Cash at Bank5,091Money Market Fund investments30,000 35,652Creditors: amounts due less than one year(133)Net current assets35,519Net Assets123,870 Capital & Reserves Called up share capital1...
Result of AGM
Result of AGM Molten Ventures VCT plc LEI: 2138003I9Q1QPDSQ9Z97 Result of Annual General Meeting 20 September 2023 At the General Meeting of Molten Ventures VCT plc, held earlier today, on 20 September 2023, all resolutions were passed. Details of the proxy votes in respect of the resolutions passed at the Annual General Meeting received as at 11:15 am on 18 September 2023, 48 hours before the time of the meeting, at the receiving agent, City Partnership, are set out below: Res. No.For Votes For % Discretion VotesDiscretion% For & Discretion % Against Votes Against % Withheld Votes...
Purchase and transfer of securities by Elderstreet Investments Limited
Purchase and transfer of securities by Elderstreet Investments Limited Molten Ventures VCT plc Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97 Purchase and transfer of securities by Elderstreet Investments Limited18 September 2023 Molten Ventures VCT plc (‘the Company’) announces that its investment manager and the promoter of its last offer for subscription (“Offer”), Elderstreet Investments Limited, purchased 29,895 shares of 5p each in the capital of the Company in order to remedy an administrative error that occurred in respect of the Offer earlier this year whereby a discount to the pro...
Total Voting Rights
Total Voting Rights Molten Ventures VCT plc Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97 Total Voting Rights 31 August 2023 In conformity with the Disclosure and Transparency Rule 5.6.1, Molten Ventures VCT plc announces that the Company’s capital and voting rights, as at 31 August 2023, are summarised as follows: Shares in issueVoting rights per shareVoting rightsOrdinary shares of 5p each242,767,7751242,767,775Total Voting Rights 242,767,775 The Company does not hold any shares in treasury. The above takes account of any shares that have recently been bought back for cancellat...
Transaction in Own Shares
Transaction in Own Shares Molten Ventures VCT plc Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97Transaction in Own Shares9 August 2023 Molten Ventures VCT plc announces that on 9 August 2023 the Company purchased the following shares for cancellation: No. purchasedPrice paid per share% of class in issueOrdinary shares of 5p each603,00049.69p0.25%
Forthcoming Dividend – DRIS Election Date
Forthcoming Dividend – DRIS Election Date Molten Ventures VCT plcLegal Entity Identifier: 2138003I9Q1QPDSQ9Z97Forthcoming Dividend – DRIS Election Date1 August 2023 As noted in the final results announcement of 31 July, the Company will pay a final dividend, subject to Shareholder approval at the AGM, of 0.5p per share on 29 September 2023 to Shareholders on the register at 25 August 2023. The last date for elections under the Company’s Dividend Reinvestment Scheme for this dividend will be 11 September 2023.
Final Results
Final Results Molten Ventures VCT plc LEI: 2138003I9Q1QPDSQ9Z9731 July 2023Final Results for the year ended 31 March 2023 (Correction) The Final Results announcement released by the Company at 16:20 today incorrectly showed in the Chairman’s Statement the dividend payment date as 19 September 2023. The correct payment date is 29 September 2023.The full text of the corrected announcement as follows: FINANCIAL SUMMARY 31 Mar 2023Pence 31 Mar 2022Pence Net asset value per share (“NAV”)53.3 60.6Cumulative dividends paid since launch113.6 110.5Total Return (NAV plus cumulative dividends pa...
Final Results
Final Results Molten Ventures VCT plc LEI: 2138003I9Q1QPDSQ9Z9731 July 2023Final Results for the year ended 31 March 2023 FINANCIAL SUMMARY 31 Mar 2023Pence 31 Mar 2022Pence Net asset value per share (“NAV”)53.3 60.6Cumulative dividends paid since launch113.6 110.5Total Return (NAV plus cumulative dividends paid per share)166.9 171.1 Dividends in respect of financial year ended 31 March 2023 Interim dividend paid per share1.0 1.5Final dividend per share (payable on 29 September 2023)0.5 3.1 1.5 4.6 OVERVIEW Molten Ventures VCT is a steadily growing, £110m investment company that ...
Total Voting Rights
Total Voting Rights Molten Ventures VCT plc Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97 Total Voting Rights 2 May 2023 In conformity with the Disclosure and Transparency Rule 5.6.1, Molten Ventures VCT plc announces that the Company’s capital and voting rights, as at 30 April 2023, are summarised as follows: Shares in issueVoting rights per shareVoting rightsOrdinary shares of 5p each243,370,7751243,370,775Total Voting Rights 243,370,775 The Company does not hold any shares in treasury. The above takes account of any shares that have recently been bought back for ...
Issue of Equity
Issue of Equity Molten Ventures VCT plcLegal Entity Identifier: 2138003I9Q1QPDSQ9Z9711 April 2023Issue of Equity The Board of Molten Ventures VCT plc (the “Company”) announces an allotment on 11 April 2023 of Ordinary Shares of 5p each (“Shares”), pursuant to the Offer for Subscription that launched on 27 October 2022 (the “Offer”) as follows: 406,517 Shares at an average price of 52.27p per Share. 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 main market for listed securities will be made shortly....
Transaction in Own Shares
Transaction in Own Shares Molten Ventures VCT plc Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97Transaction in Own Shares6 April 2023 Molten Ventures VCT plc announces that on 6 April 2023 the Company purchased the following shares for cancellation: No. purchasedPrice paid per share% of class in issueOrdinary shares of 5p each 630,00047.69p0.26%
Issue of Equity (DRIS)
Issue of Equity (DRIS) Molten Ventures VCT plcLEI: 2138003I9Q1QPDSQ9Z976 April 2023Issue of Equity (DRIS) Molten Ventures VCT plc (“Company”) announces that, on 6 April 2023, it allotted 222,199 Ordinary Shares of 5p each in respect of Shareholders who agreed to subscribe for shares under the terms of the Company’s Dividend Reinvestment Scheme in respect of the dividend of 1.0p per Ordinary Share paid on 6 April 2023. The shares were issued at 50.2p per share (being the net asset value as at 31 December 2022 of 51.2p per share adjusted for the dividend). These shares will rank pari passu...
Issue of Equity
Issue of Equity Molten Ventures VCT plcLegal Entity Identifier: 2138003I9Q1QPDSQ9Z973 April 2023Issue of Equity The Board of Molten Ventures VCT plc (the “Company”) announces an allotment on 3 April 2023 of Ordinary Shares of 5p each (“Shares”), pursuant to the Offer for Subscription that launched on 27 October 2022 (the “Offer”) as follows: 36,440,147 Shares at an average price of 52.97p per Share. 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 main market for listed securities will be made shortly...
Total Voting Rights
Total Voting Rights Molten Ventures VCT plcLegal Entity Identifier: 2138003I9Q1QPDSQ9Z97Total Voting Rights31 March 2023 In conformity with the Disclosure and Transparency Rule 5.6.1, Molten Ventures VCT plc announces that the Company’s capital and voting rights, as at 31 March 2023, are summarised as follows: Shares in issueVoting rights per share Voting rightsOrdinary shares of 5p each206,931,9121206,931,912Total Voting Rights 206,931,912 The Company does not hold any shares in treasury. The above takes account of any shares that have recently been bought back for cancellation, eve...
Update regarding Silicon Valley Bank
Update regarding Silicon Valley Bank Molten Ventures VCT plc (“the VCT”)Legal Entity Identifier: 2138003I9Q1QPDSQ9Z9716 March 2023Update regarding Silicon Valley Bank In common with the technology sector more broadly, companies within the VCT’s portfolio held banking relationships with Silicon Valley Bank (‘SVB’) both in the US and UK. The VCT board welcomes the news that the situation has now been substantially resolved with confirmation over the last weekend that US deposits were protected and Monday’s announcement of HSBC’s acquisition of SVB UK. Current analysis by Elderstreet Inv...
Issue of Equity
Issue of Equity Molten Ventures VCT plcLegal Entity Identifier: 2138003I9Q1QPDSQ9Z972 March 2023Issue of Equity The Board of Molten Ventures VCT plc (the “Company”) announces an allotment on 2 March 2023 of Ordinary Shares of 5p each (“Shares”), pursuant to the Offer for Subscription that launched on 27 October 2022 (the “Offer”) as follows: 18,808,001 Shares at an average price of 53.64p per Share. This represents all the applications received under the Offer for the 2022/23 tax year entitled to the “early bird” discount. Application for the Shares to be admitted to the Official List o...
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