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Director/PDMR Shareholding

26 Jun 2023 14:00

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:

 

PDMR

 

LTIP Options awarded

Martin Davies

471,383

Stuart Chapman

324,014

Ben Wilkinson

317,182

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.

 

LTIP

No. of Ordinary Shares that should have been awarded

No. of Ordinary Shares that were awarded

'Top-Up' Award

 

 

 

 

Martin Davis

278,387

230,319

48,068

Stuart Chapman

191,355

158,314

33,041

Ben Wilkinson

187,320

154,976

32,344

 

 

 

 

 

 

DBP

No. of Ordinary Shares that should have been awarded

No. of Ordinary Shares that were awarded

'Top-Up' Award

 

 

 

 

Martin Davis

108,111

89,444

18,667

Stuart Chapman

74,312

61,481

12,831

Ben Wilkinson

72,745

60,185

12,560

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

1

Details of the person discharging managerial responsibilities / person closely associated

a)  

Name

Martin Davis

2       

Reason for the notification

a)  

Position / status

Chief Executive Officer

b)  

Initial notification / amendment

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       

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)  

Nature of the transaction

Issue of options

c)  

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

471,383

d)  

Aggregated information

Aggregated volume

 

Price

 

n/a

 

e)  

Date of the transaction

23 June 2023

f)   

Place of the transaction

XOFF

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martin Davis

2

Reason for the notification

a)

Position / status

Chief Executive Officer

b)

Initial notification / amendment

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

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)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

48,068

 

 

n/a

18,667

d)

Aggregated information

Aggregated volume

 

Price

 

66,735

 

n/a

 

 

e)

Date of the transaction

22 June 2023

f)

Place of the transaction

XOFF

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stuart Chapman

2

Reason for the notification

a)

Position / status

Executive Director

b)

Initial notification / amendment

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

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)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

324,014

d)

Aggregated information

Aggregated volume

 

Price

 

n/a

 

e)

Date of the transaction

23 June 2023

f)

Place of the transaction

XOFF

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stuart Chapman

2

Reason for the notification

a)

Position / status

Executive Director

 

Initial notification / amendment

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

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)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

33,041

 

 

n/a

12,831

d)

Aggregated information

Aggregated volume

 

Price

 

45,872

 

n/a

 

 

e)

Date of the transaction

22 June 2023

f)

Place of the transaction

XOFF

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Wilkinson

2

Reason for the notification

a)

Position / status

Chief Financial Officer

b)

Initial notification / amendment

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

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)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

317,182

d)

Aggregated information

Aggregated volume

 

Price

 

n/a

 

e)

Date of the transaction

23 June 2023

f)

Place of the transaction

XOFF

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Wilkinson

2

Reason for the notification

a)

Position / status

Chief Financial Officer

b)

Initial notification / amendment

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

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)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

32,344

 

 

n/a

12,560

d)

Aggregated information

Aggregated volume

 

Price

 

44,904

 

n/a

 

 

e)

Date of the transaction

22 June 2023

f)

Place of the transaction

XOFF

 

 

 

Enquiries:

 

Molten Ventures plc

Martin Davis (Chief Executive Officer)

Ben Wilkinson (Chief Financial Officer)

+44 (0)20 7931 8800

Numis Securities

Joint Financial Adviser and Corporate Broker

Simon Willis

Jamie Loughborough

Havish Patel

Iqra Amin

+44 (0)20 7260 1000

Goodbody Stockbrokers

Joint Financial Adviser and Corporate Broker,

Euronext Dublin Sponsor

Don Harrington

Nick Donovan

Charlotte Craigie

Dearbhla Gallagher

+44 (0) 20 3841 6202

Powerscourt

Public relations

Elly Williamson

Jane Glover

+44 (0)7970 246 725 /

+44 (0)7713 246 126

 

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.
ISIN:GB00BY7QYJ50
Category Code:DSH
TIDM:GROW; GRW
LEI Code:213800IPCR3SAYJWSW10
OAM Categories: 2.2. Inside information
3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:253505
EQS News ID:1665747
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
8th Mar 202210:46 amRNSTR-1: Notification of major holdings
3rd Mar 20228:27 amRNSInvestor Day
8th Feb 20225:11 pmRNSTR-1: Notification of major holdings
2nd Feb 20224:38 pmRNSTR-1: Standard Notification of Major Holdings
2nd Feb 20227:00 amRNSInvestment Update
26th Jan 20225:11 pmRNSTR-1: Notification of major holdings
25th Jan 20224:16 pmRNSDirector/PDMR Shareholding
20th Jan 20227:00 amRNSDirector/PDMR Shareholding
12th Jan 20224:44 pmRNSTR-1: Notification of Major Holdings
20th Dec 20216:10 pmRNSTR-1: Notification of Major Holdings
17th Dec 20215:53 pmRNSTR-1: Notification of Major Holdings
17th Dec 20215:02 pmRNSTR-1: Notification of Major Holdings
9th Dec 20215:56 pmRNSTR-1: Notification of Major Holdings
3rd Dec 20213:21 pmRNSTR1 - Notification of major holdings
1st Dec 202110:46 amRNSDirector Declaration
29th Nov 20217:00 amRNSInterim Results
9th Nov 20217:00 amRNSChange of Name to Molten Ventures
4th Nov 20217:00 amRNSTrading Statement
27th Oct 20217:08 amRNSTR1 - Notification of major holdings
17th Sep 20217:00 amRNSInvestment Update
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27th Jul 20211:11 pmRNSGrant of Options and dealings by PDMRs
23rd Jul 20218:25 amRNSNotification of Home Member State
22nd Jul 20212:16 pmRNSAnnouncement of admission to the Official Lists
20th Jul 20216:00 pmRNSDraper Esprit
19th Jul 20214:06 pmRNSGrant of Options and dealings by PDMRs
19th Jul 20213:57 pmRNSPublication of the Prospectus
16th Jul 20214:43 pmRNSTR-1: Notification of major holdings
15th Jul 20211:40 pmRNSInvestment Update
14th Jul 20211:31 pmRNSResults of 2021 Annual General Meeting
14th Jul 20211:30 pmRNSResults of General Meeting
1st Jul 20219:23 amRNSTotal Voting Rights
24th Jun 20211:41 pmRNSPOSTING OF CIRCULAR
23rd Jun 20217:00 amRNSCancellation of trading on AIM and Euronext Growth
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22nd Jun 20213:29 pmRNSHolding(s) in Company
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14th Jun 20214:39 pmRNSRESULTS OF THE PLACING AND PRIMARYBID OFFER
14th Jun 20217:02 amRNSPrimaryBid Offer
14th Jun 20217:01 amRNSProposed Placing and PrimaryBid Offer
14th Jun 20217:00 amRNSFinal Results
26th Apr 20217:00 amRNSFull year trading update and notice of results
21st Apr 202111:35 amRNSUiPath Inc, announces pricing of IPO
8th Apr 20217:00 amRNSInvestment and exit update
31st Mar 20212:20 pmRNSTR1 - Notification of major holdings
23rd Mar 20213:56 pmRNSIssue of Equity for Option Exercise
23rd Mar 20217:57 amRNSTrustpilot Group plc announcement of IPO pricing
11th Mar 20211:30 pmRNSHolding(s) in Company

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