GROW Molten Ventures Plc

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The Company confirms that it currently has no unpublished inside information.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-

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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