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MVCT Molten Ventures Vct Plc

45.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Molten Ventures Vct Plc LSE:MVCT London Ordinary Share GB0002867140 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 45.00 44.00 46.00 45.00 45.00 45.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -4.93M -7.56M -0.0494 -9.11 68.85M

Molten Ventures VCT plc Update Regarding Silicon Valley Bank

16/03/2023 5:06pm

UK Regulatory


Molten Ventures Vct (LSE:MVCT)
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From Apr 2022 to Apr 2024

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Molten Ventures VCT plc ("the VCT")

Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97

16 March 2023

Update regarding Silicon Valley Bank

In common with the technology sector more broadly, companies within the VCT's portfolio held banking relationships with Silicon Valley Bank ('SVB') both in the US and UK. The VCT board welcomes the news that the situation has now been substantially resolved with confirmation over the last weekend that US deposits were protected and Monday's announcement of HSBC's acquisition of SVB UK.

Current analysis by Elderstreet Investments Limited, the VCT's investment manager (the 'Investment Manager'), indicates that there has been no known financial loss within the VCT portfolio nor to the Investment Manager or its parent company, Molten Ventures plc.

Molten Ventures plc has also released an announcement which can be found at this link:

https://www.londonstockexchange.com/news-article/GROW/update-regarding-silicon-valley-bank/15873696

 
 

(END) Dow Jones Newswires

March 16, 2023 13:06 ET (17:06 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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