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LONDON - Molten Ventures VCT plc, a venture capital trust, has successfully completed an issue of equity, allotting 278,213 Ordinary Shares at prices between 41.74p and 43.82p on Wednesday. This move follows the full subscription of their Offer for Subscription, which closed on March 25, 2025, after raising £6.7 million before costs.
The new shares, issued at a net asset value of 41.7p each, have been adjusted to account for a 1p dividend declared on March 27, 2025, and will rank equally with the existing Ordinary Shares. With this latest issuance, the company’s issued share capital has expanded to 290,697,160 Ordinary Shares.
Molten Ventures VCT’s Offer for Subscription, dated October 11, 2024, has now culminated in the issuance of 15,531,201 Ordinary Shares in total. The funds raised are intended to support the company’s investment activities in early-stage companies.
Shareholders are advised that the total number of Ordinary Shares now stands as the denominator for the purpose of disclosures concerning changes in their holdings as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company has applied for the newly issued shares to be admitted to the Official List of the UK Listing Authority and to commence trading on the London Stock Exchange (LON:LSEG)’s market for listed securities. Trading is expected to start around April 25, 2025.
This financial move by Molten Ventures VCT plc represents a significant capital inflow for the firm, which specializes in venture capital investments. The information in this article is based on a press release statement from the company.
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