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GROW Molten Ventures Plc

224.00
3.00 (1.36%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Molten Ventures Plc LSE:GROW London Ordinary Share GB00BY7QYJ50 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 1.36% 224.00 223.00 224.00 225.50 215.00 217.00 696,800 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -215.7M -243.4M -1.5909 -1.40 341.19M

Draper Esprit PLC Voluntary withdrawal of EuVECA designation (6891J)

23/12/2020 11:03am

UK Regulatory


Molten Ventures (LSE:GROW)
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TIDMGROW

RNS Number : 6891J

Draper Esprit PLC

23 December 2020

DRAPER ESPRIT PLC

("Draper Esprit" or the "Company")

Voluntary withdrawal of EuVECA designation of Esprit Capital Partners LLP

Draper Esprit PLC (AIM: GROW, ESM: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, announces that, Esprit Capital Partners LLP ("ECP"), the Company's Alternative Investment Fund Manager ("AIFM") notified the Financial Conduct Authority ("FCA") in November 2020 of its intention to relinquish the use of the EuVECA designation under the European Venture Capital Funds Regulation (EU 345/2013).

ECP is a wholly owned subsidiary undertaking of the Company and it is regulated by the FCA.

One of the principal advantages of the EuVECA Regulation is that it offers an EU-wide marketing passport to certain managers of venture capital funds. As a full-scope AIFM, ECP is able to avail itself of the Alternative Investment Fund Managers Directive marketing passport rights and therefore no longer needs to take advantage of the EuVECA marketing regime.

The Company confirms that there has been no change to the investment objective and/or investing policy and/or strategy of the Company as a result of the Company relinquishing the use of the EuVECA designation.

Pre-Investment Disclosures for the benefit of investors relating to the Company as required by paragraph 3.2.2R of the FCA's Investment Funds sourcebook continue to be available on the Company's website at

https://draperesprit.com/investors/plc/results-and-reports .

Enquiries

 
Draper Esprit plc 
 Martin Davis (Chief Executive 
 Officer) 
 Ben Wilkinson (Chief Financial 
 Officer)                           +44 (0)20 7931 8800 
Numis Securities 
 Nominated Adviser & Joint Broker 
 Simon Willis 
 Richard Thomas 
 Jamie Loughborough                 +44 (0)20 7260 1000 
Goodbody Stockbrokers 
 Euronext Growth Adviser & Joint 
 Broker 
 Don Harrington 
 Charlotte Craigie 
 Dearbhla Gallagher                 +44 (0) 20 3841 6202 
Powerscourt 
 Public relations 
 Elly Williamson                    +44 (0)7970 246 725 / +44 (0)7961 
 Donjeta Miftari                     628 862 
 

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END

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(END) Dow Jones Newswires

December 23, 2020 06:03 ET (11:03 GMT)

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