Molten Ventures Plc: Form 8 (DD)
Molten Ventures Plc (GROW; GRW)
Molten Ventures Plc: Form 8 (DD)
02-Feb-2024 / 14:35 GMT/BST
2 February 2024
MOLTEN VENTURES PLC
(the "Company" or "Molten")
Registered number: 09799594
Legal Entity Identifier: 213800IPCR3SAYJWSW10
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the “Code”)
1. KEY INFORMATION
(a) Full name of discloser:
Benjamin David Wilkinson
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
N/a
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
Molten Ventures plc ("Molten")
(d) Status of person making the disclosure:
e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)
Person acting in concert with the offeror, Molten
(e) Date dealing undertaken:
2 February 2024
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”
NO
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing
Class of relevant security:
Ordinary shares of £0.01 each ("Shares")
Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
48,022
0.03
NIL
-
(2) Cash-settled derivatives:
NIL
-
NIL
-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
NIL
-
NIL
-
TOTAL:
48,022
0.03
NIL
-
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists:
Ordinary shares of £0.01 each ("Shares")
Details, including nature of the rights concerned and relevant percentages:
Number of Shares under option
Name of scheme or plan
Type of award
Grant date
Vest date*
Exercise price
178,100
Draper Esprit CSOP
Option at market value on grant date
30/07/2018
30/07/2021
£4.92
178,434
Draper Esprit CSOP
Option at market value on grant date
12/02/2019
12/02/2022
£5.30
36,615
Draper Esprit LTIP
29/06/2020
29/06/2023
£0.01
91,497
Molten LTIP
16/07/2021
16/07/2024
£0.01
154,976
Molten LTIP
17/06/2022
17/06/2025
£0.01
60,185
Deferred Bonus Plan
17/06/2022
17/06/2024
£0.01
32,344
Molten LTIP
22/06/2023
17/06/2025
£0.01
12,560
Deferred Bonus Plan
22/06/2023
17/06/2024
£0.01
317,182
Molten LTIP
23/06/2023
23/06/2026
£0.01
* The options will expire if any performance conditions to which they are subject have not been met by the vest date and otherwise if they have not been exercised by the tenth anniversary of the grant date.
3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)
Class of relevant security
Purchase/sale
Number of securities
Price per unit
Ordinary shares of £0.01 ("Shares")
Purchase
8,896
223.89 pence
(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser
Class of relevant security
Purchases/ sales
Total number of securities
Highest price per unit paid/received
Lowest price per unit paid/received
N/a
N/a
N/a
N/a
N/a
(b) Cash-settled derivative transactions
Class of relevant security
Product description
e.g. CFD
Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
Number of reference securities
Price per unit
N/a
N/a
N/a
N/a
N/a
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security
Product description e.g. call option
Writing, purchasing, selling, varying etc.
Number of securities to which option relates
Exercise price per unit
Type
e.g. American, European etc.
Expiry date
Option money paid/ received per unit
N/a
N/a
N/a
N/a
N/a
N/a
N/a
N/a
(ii) Exercise
Class of relevant security
Product description
e.g. call option
Exercising/ exercised against
Number of securities
Exercise price per unit
N/a
N/a
N/a
N/a
N/a
(d) Other dealings (including subscribing for new securities)
Class of relevant security
Nature of dealing
e.g. subscription, conversion
Details
Price per unit (if applicable)
N/A
N/A
N/A
N/A
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer or person acting in concert making the disclosure and any other person:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
None.
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer or person acting in concert making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”
None.
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions)
NO
Supplemental Form 8 (SBL)
NO
Date of disclosure:
2 February 2024
Contact name:
Gareth Faith, Company Secretary of Molten
Telephone number:
07871 735499
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ISIN: GB00BY7QYJ50 Category Code: DCC - Molten Ventures plc ('Molten') TIDM: GROW; GRW LEI Code: 213800IPCR3SAYJWSW10 OAM Categories: 2.2. Inside information Sequence No.: 301509 EQS News ID: 1829479
End of Announcement EQS News Service