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Molten Ventures Plc (GROW; GRW)
Director/PDMR Shareholding
26-Jun-2023 / 14:00 GMT/BST
MOLTEN VENTURES PLC
("Molten Ventures" or the "Company")
Grant of Options to Persons Discharging Managerial Responsibility ("PDMR")
2023 Awards
On 23 June 2023, Molten Ventures PLC (LSE: GROW, Euronext Dublin: GRW) granted options over ordinary shares with a nominal value of 1p each in the share capital of the Company ("Ordinary Shares") pursuant to the Company's 2021 Long-Term Incentive Plan ("LTIP"), in respect of the 2023 financial year (2023 Options) to the PDMRs set out in the table below:
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PDMR
|
LTIP Options awarded
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Martin Davies
|
471,383
|
|
Stuart Chapman
|
324,014
|
|
Ben Wilkinson
|
317,182
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The 2023 Options awarded under the LTIP are subject to LTIP performance conditions which are disclosed in the Company's Annual Report and Accounts for the year ended 31 March 2023 ("Annual Report"), published on 15 June 2023 (a copy of which is available at www.moltenventures.com).
Top-Up Awards
On 17 June 2022, the Company granted a number of options under the LTIP and Deferred Bonus Plan (DBP) (the "2022 Options"). The 2022 Options were announced to the market via RNS number 3758P (the Original Notification).
It was subsequently noted that there had been an administrative error in calculating the number of Ordinary Shares comprised in each of the 2022 Options such that the participants had received fewer Ordinary Shares than they should have. As such a number of top-up awards have been granted (Top-Up Awards) over a total of 157,511 Ordinary Shares, as set out in the table below.
The Top-Up Awards have been granted on the same basis as the original 2022 Options to which they relate, details of which were also included in the Original Notification.
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LTIP
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No. of Ordinary Shares that should have been awarded
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No. of Ordinary Shares that were awarded
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'Top-Up' Award
|
|
|
|
|
|
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Martin Davis
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278,387
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230,319
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48,068
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Stuart Chapman
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191,355
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158,314
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33,041
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Ben Wilkinson
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187,320
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154,976
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32,344
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|
|
|
|
|
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DBP
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No. of Ordinary Shares that should have been awarded
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No. of Ordinary Shares that were awarded
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'Top-Up' Award
|
|
|
|
|
|
|
Martin Davis
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108,111
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89,444
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18,667
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Stuart Chapman
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74,312
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61,481
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12,831
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|
Ben Wilkinson
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72,745
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60,185
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12,560
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The notifications set out in the Annex below, were made in accordance with the requirements of the UK Market Abuse Regulation, provide further details of such transactions.
ANNEX
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Martin Davis
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2
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Reason for the notification
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a)
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Position / status
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Chief Executive Officer
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b)
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Initial notification / amendment
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Initial notification
|
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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|
a)
|
Name
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Molten Ventures plc
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|
b)
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LEI
|
213800IPCR3SAYJWSW10
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|
4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
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|
a)
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Description of financial instrument, type of instrument
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Options over ordinary shares of 1p each with an exercise price of one pence per share
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|
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Identification Code
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GB00BY7QYJ50
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b)
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Nature of the transaction
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Issue of options
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|
c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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n/a
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471,383
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d)
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Aggregated information
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n/a
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e)
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Date of the transaction
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23 June 2023
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f)
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Place of the transaction
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XOFF
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1
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Details of the person discharging managerial responsibilities / person closely associated
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|
a)
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Name
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Martin Davis
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|
2
|
Reason for the notification
|
|
a)
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Position / status
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Chief Executive Officer
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
|
3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Molten Ventures plc
|
|
b)
|
LEI
|
213800IPCR3SAYJWSW10
|
|
4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
|
|
a)
|
Description of financial instrument, type of instrument
|
Options over ordinary shares of 1p each with an exercise price of one pence per share
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|
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Identification Code
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GB00BY7QYJ50
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|
b)
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Nature of the transaction
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Issue of options
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|
c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
|
|
n/a
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48,068
|
|
|
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n/a
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18,667
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d)
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Aggregated information
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66,735
n/a
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e)
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Date of the transaction
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22 June 2023
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f)
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Place of the transaction
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XOFF
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Stuart Chapman
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2
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Reason for the notification
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a)
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Position / status
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Executive Director
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b)
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Initial notification / amendment
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Initial notification
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|
3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Molten Ventures plc
|
|
b)
|
LEI
|
213800IPCR3SAYJWSW10
|
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
|
|
a)
|
Description of financial instrument, type of instrument
|
Options over ordinary shares of 1p each with an exercise price of one pence per share
|
|
|
Identification Code
|
GB00BY7QYJ50
|
|
b)
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Nature of the transaction
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Issue of options
|
|
c)
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Price(s) and volume(s)
|
Price(s)
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Volume(s)
|
|
n/a
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324,014
|
|
d)
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Aggregated information
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n/a
|
|
e)
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Date of the transaction
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23 June 2023
|
|
f)
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Place of the transaction
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XOFF
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|
1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Stuart Chapman
|
|
2
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Reason for the notification
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a)
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Position / status
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Executive Director
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|
|
Initial notification / amendment
|
Initial notification
|
|
3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Molten Ventures plc
|
|
b)
|
LEI
|
213800IPCR3SAYJWSW10
|
|
4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
|
|
a)
|
Description of financial instrument, type of instrument
|
Options over ordinary shares of 1p each with an exercise price of one pence per share
|
|
|
Identification Code
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GB00BY7QYJ50
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b)
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Nature of the transaction
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Issue of options
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|
c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
|
|
n/a
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33,041
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|
|
|
n/a
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12,831
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d)
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Aggregated information
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45,872
n/a
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e)
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Date of the transaction
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22 June 2023
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|
f)
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Place of the transaction
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XOFF
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Ben Wilkinson
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|
2
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Reason for the notification
|
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a)
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Position / status
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Chief Financial Officer
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|
b)
|
Initial notification / amendment
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Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Molten Ventures plc
|
|
b)
|
LEI
|
213800IPCR3SAYJWSW10
|
|
4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
|
|
a)
|
Description of financial instrument, type of instrument
|
Options over ordinary shares of 1p each with an exercise price of one pence per share
|
|
|
Identification Code
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GB00BY7QYJ50
|
|
b)
|
Nature of the transaction
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Issue of options
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
n/a
|
317,182
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
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23 June 2023
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|
f)
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Place of the transaction
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XOFF
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|
1
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Details of the person discharging managerial responsibilities / person closely associated
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|
a)
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Name
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Ben Wilkinson
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|
2
|
Reason for the notification
|
|
a)
|
Position / status
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Chief Financial Officer
|
|
b)
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Initial notification / amendment
|
Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Molten Ventures plc
|
|
b)
|
LEI
|
213800IPCR3SAYJWSW10
|
|
4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
|
|
a)
|
Description of financial instrument, type of instrument
|
Options over ordinary shares of 1p each with an exercise price of one pence per share
|
|
|
Identification Code
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GB00BY7QYJ50
|
|
b)
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Nature of the transaction
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Issue of options
|
|
c)
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Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
n/a
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32,344
|
|
|
|
n/a
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12,560
|
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d)
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Aggregated information
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44,904
n/a
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e)
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Date of the transaction
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22 June 2023
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f)
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Place of the transaction
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XOFF
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Enquiries:
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Molten Ventures plc
Martin Davis (Chief Executive Officer)
Ben Wilkinson (Chief Financial Officer)
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+44 (0)20 7931 8800
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Numis Securities
Joint Financial Adviser and Corporate Broker
Simon Willis
Jamie Loughborough
Havish Patel
Iqra Amin
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+44 (0)20 7260 1000
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Goodbody Stockbrokers
Joint Financial Adviser and Corporate Broker,
Euronext Dublin Sponsor
Don Harrington
Nick Donovan
Charlotte Craigie
Dearbhla Gallagher
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+44 (0) 20 3841 6202
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|
Powerscourt
Public relations
Elly Williamson
Jane Glover
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+44 (0)7970 246 725 /
+44 (0)7713 246 126
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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 to 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 31 March 2023, Molten Ventures had a diverse portfolio with shareholdings in 70 companies, 17 of which represent our Core holdings and account for 62% of the Gross Portfolio Value. Our Core companies include Thought Machine, Coachhub, Graphcore, 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 high potential 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 £480m to 31 March 2023. For more information, go to https://www.moltenventures.com/
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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