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LONDON - Molten Ventures VCT plc announced Tuesday the publication of a prospectus for a new offer seeking to raise £10 million through the issue of new ordinary shares, with an over-allotment facility for an additional £20 million if required.
The venture capital trust aims to provide investors with tax-efficient opportunities to participate in the growth of innovative UK technology companies. The offer will open on October 9, 2025, and close on April 1, 2026, for the 2025/2026 tax year and June 30, 2026, for the 2026/2027 tax year, unless fully subscribed earlier.
The company is offering early investment incentives with discounts ranging from 1.25% to 0.25% on application costs for investments made before February 28, 2026.
David Brock, Chairman of the VCT, highlighted the company’s focus on "high growth, knowledge intensive technologies" and noted that the VCT paid dividends of 2.5p per share in the last financial year, representing a 5.2% yield on the opening NAV.
The company’s portfolio includes holdings in fintech company Thought Machine, payment technology business Form3, quantum computing firm Riverlane, deep tech business Focal Point Positioning, and packaging equipment supplier Fords Packaging.
According to the announcement, the VCT realized £11 million in exits, including the sale of Endomag, which delivered a 3.9x return on cost. Recent acquirers of portfolio companies include Nasdaq-listed Hologic, Worldpay, and LSE-listed IG Group Holdings.
Elderstreet Investments Limited has been appointed as promoter of the offer and will receive a fee of up to 3.5% of the amount subscribed. This arrangement constitutes a related party transaction under UK Listing Rules.
The information in this article is based on a press release statement from Molten Ventures VCT plc.
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