Molten Ventures PLC

AGM Information • Jul 26, 2023

National Storage Mechanism | Additional information

Molten Ventures Plc (GROW; GRW)

Result of AGM

26-Jul-2023 / 15:00 GMT/BST

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Molten Ventures plc

("Molten" or the "Company")

Results of 2023 Annual General Meeting ("AGM")

Molten Ventures plc (LSE: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, is pleased to announce that all resolutions as set out in the Notice of AGM were duly passed. Voting was held by poll. The poll results on each resolution proposed are set out in the table below.

In accordance with the Board succession plan stated in the Annual Report and Accounts for the year ended 31 March 2023, Richard Pelly did not stand for re-election and retired from the Board at the conclusion of the AGM.

Resolution	For1	% of votes cast	Against	% of votes cast	Votes withheld2
1. To receive the Annual Report and Accounts for the financial year ended 31 March 2023.	100,643,222	99.99	592	0.01	74,620
2. To approve the Directors’ Remuneration Report for the financial year ended 31 March 2023.	95,742,793	97.83	2,125,369	2.17	2,850,272
3. To re-elect Stuart Chapman as a Director.	100,455,461	99.75	256,506	0.25	6,467
4. To re-elect Grahame Cook as a Director.	86,592,215	95.18	4,385,367	4.82	9,740,852
5. To re-elect Martin Davis as a Director.	100,478,451	99.77	233,516	0.23	6,467
6. To re-elect Sarah Gentleman as a Director.	99,680,446	98.97	1,032,915	1.03	5,073
7. To re-elect Gervaise Slowey as a Director.	99,556,098	98.85	1,155,119	1.15	7,217
8. To re-elect Ben Wilkinson  as a Director.	100,210,756	99.50	501,211	0.50	6,467
9. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company.	99,292,710	98.59	1,421,018	1.41	4,706
10. To authorise the Audit, Risk and Valuations Committee to determine the remuneration of the auditor.	100,715,358	99.99	842	0.01	2,234
11. To authorise the Directors to allot shares.	95,524,441	94.84	5,192,099	5.16	1,894
12. Authority to disapply statutory pre-emption rights.*	93,828,403	93.16	6,884,910	6.84	5,121
13. Additional authority to disapply statutory pre-emption rights.*	84,861,191	84.26	15,855,122	15.74	2,121
14. To authorise the Company to purchase its own ordinary shares.*	99,300,107	98.61	1,402,043	1.39	16,284
15. To authorise the Directors to call a general meeting other than an annual general meeting on not less than 14 clear days' notice.*	99,779,206	99.07	937,695	0.93	1,533

*Special resolution

1.  Any proxy arrangement which gave discretion to the Chair has been included in the "for" totals.

2.  A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

3. The total number of ordinary shares of 1p each in issue is 152,999,853. The total number of voting rights is: 152,999,853.

4. In accordance with Financial Conduct Authority Listing Rule 9.6.2, a copy of the resolutions passed at today's AGM, other than resolutions concerning ordinary business, will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

5. In accordance with Euronext Listing Rule 6.1.60, a copy of the resolutions passed at today's AGM, other than resolutions concerning ordinary business will be submitted to Euronext Direct and be available for inspection at https://direct.euronext.com/#/oamfiling

6. The Notice of AGM can be found on the Company’s website.

Enquiries

Molten Ventures plc Gareth Faith (Company Secretary)	+44 (0)20 7931 8800
Numis Securities Nominated Adviser & Joint Broker Simon Willis Jamie Loughborough Havish Patel Iqra Amin	+44 (0)20 7260 1000
Goodbody Stockbrokers Euronext Growth Adviser & Joint Broker Don Harrington Nick Donovan Charlotte Craigie Dearbhla Gallagher	+44 (0) 20 3841 6202
Powerscourt Public relations Elly Williamson Jane Glover	+44 (0)20 7250 1446

About Molten Ventures

Molten Ventures is a leading venture capital firm in Europe, developing and investing in disruptive, high growth technology companies. We inject visionary companies with energy to help them to transform and grow. This energy comes in many forms - capital, of course, but also knowledge, experience, and relationships. We believe it is our role to support the entrepreneurs who will invent the future, and that future is being built, today, in Europe.

As at 31 March 2023, Molten Ventures had a diverse portfolio with shareholdings in 70 companies, 17 of which represent our Core holdings and account for 62% of the Gross Portfolio Value. Our Core companies include Thought Machine, Coachhub, Graphcore, Aiven, Ledger and Aircall. We invest across four sectors: Enterprise Technology, Hardware and Deeptech, Consumer Technology, and Digital Health and Wellness, with highly experienced partners constantly looking for new opportunities in each. We look for high-growth companies operating in new markets, with high potential for global expansion, strong IP, powerful technology, and strong management teams to deliver success. We also look for businesses with the potential to generate strong margins to ensure rapid, sustainable growth in substantial addressable markets.

Molten Ventures provides a unique opportunity for public market investors to access these fast-growing tech businesses, without having to commit to long term investments with limited liquidity. Since our IPO in June 2016, we have deployed over £1bn capital into fast growing tech companies and have realised over £480m to 31 March 2023.

For more information, go to https://www.moltenventures.com/

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Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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ISIN:	GB00BY7QYJ50
Category Code:	RAG
TIDM:	GROW; GRW
LEI Code:	213800IPCR3SAYJWSW10
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	260392
EQS News ID:	1688989

End of Announcement	EQS News Service

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