Molten Ventures VCT PLC Issue of Equity under Offer and DRIS

RNS Number : 5749J

Molten Ventures VCT PLC

05 April 2024

 

Molten Ventures VCT plc

LEI: 2138003I9Q1QPDSQ9Z97

5 April 2024

Issue of Equity under Offer and DRIS

 

The Board of Molten Ventures VCT plc (the "Company") announces an allotment on 5 April 2024 of Ordinary Shares of 5p each ("Shares"), pursuant to the Offer for Subscription that launched on 3 October 2023 ("the "Offer").  The Company allotted 26,962,656 Shares at an average price of 48.99p per Share.  The shares were issued under the pricing formula in the Prospectus using a Net Asset Value of 47.27p per share (being the unaudited adjusted net asset value as of 4 April 2024, which has been adjusted down for payment of the 1p dividend on 5 April 2024).

The Company further announces that, on 5 April 2024, it also allotted 300,379 Ordinary Shares of 5p each in respect of Shareholders who agreed to subscribe for shares under the terms of the Company's Dividend Reinvestment Scheme ("DRIS") in respect of the dividend of 1p per Ordinary Share paid on 5 April 2024.  The shares were issued at 47.27p per share (being the unaudited adjusted net asset value as of 4 April 2024, which has been adjusted down for payment of the 1p dividend on 5 April 2024).

Both allotments of shares will rank pari passu with existing Ordinary Shares.

The issued share capital and total voting rights of the Company is now 270,176,231 Ordinary Shares.

The above figure may be used by Shareholders 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, Molten Ventures VCT plc under the FCA's Disclosure and Transparency Rules.

Application for the Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made at the earliest practicable opportunity. Dealings are expected to commence on or around 12 April 2024.

 

For further information please contact:

ISCA Administration Services Limited,

Company Secretary 01392 487056

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