Molten Ventures Regulatory News (GROW)

THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED, AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE RESPONSIBILITY OF THE COMPANY.

Draper Esprit plc

("Draper Esprit" or the "Company")

Result of general meeting and completion of placing and subscription

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses across Europe, is pleased to announce that at the General Meeting held earlier today, all resolutions were duly passed.

Accordingly, and as set out in the announcement dated 25 May 2018, the Company now has the requisite authority to complete the Placing and Subscription to raise gross proceeds of £115.0 million.

Application has been made for 27,380,952 New Ordinary Shares to be admitted to trading on AIM and the ESM and it is expected that Admission will occur on 14 June 2018. Following Admission, the Company will have 98,992,725 Ordinary Shares in issue with each share carrying the right to one vote.

The Company does not hold any Ordinary Shares in treasury. The above figure of 98,992,725 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

Defined terms used in this announcement have the same meaning as those within the Company's announcement on 25 May 2018.

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