DJ Result of AGM
Molten Ventures Plc (GROW; GRW)
Result of AGM
26-Jul-2023 / 15:00 GMT/BST
=----------------------------------------------------------------------------------------------------------------------
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.
% of % of Votes
Resolution For1 votes Against votes withheld2
cast cast
1. To receive the Annual Report and Accounts for the financial year 100,643,222 99.99 592 0.01 74,620
ended 31 March 2023.
2. To approve the Directors' Remuneration Report for the financial 95,742,793 97.83 2,125,369 2.17 2,850,272
year ended 31 March 2023.
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 99,292,710 98.59 1,421,018 1.41 4,706
Company.
10. To authorise the Audit, Risk and Valuations Committee to 100,715,358 99.99 842 0.01 2,234
determine the remuneration of the auditor.
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 99,300,107 98.61 1,402,043 1.39 16,284
its own ordinary shares.*
15. To authorise the Directors to call a general meeting other than 99,779,206 99.07 937,695 0.93 1,533
an annual general meeting on not less than 14 clear days' notice.*
*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
+44 (0)20 7931 8800
Gareth Faith (Company Secretary)
Numis Securities
Nominated Adviser & Joint Broker
Simon Willis
+44 (0)20 7260 1000
Jamie Loughborough
Havish Patel
Iqra Amin
Goodbody Stockbrokers
Euronext Growth Adviser & Joint Broker
Don Harrington
+44 (0) 20 3841 6202
Nick Donovan
Charlotte Craigie
Dearbhla Gallagher
Powerscourt
Public relations
+44 (0)20 7250 1446
Elly Williamson
Jane Glover
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 GBP1bn capital into fast growing tech companies and have realised over GBP480m to 31 March 2023.
For more information, go to https://www.moltenventures.com/
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
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 =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1688989&application_name=news
(END) Dow Jones Newswires
July 26, 2023 10:00 ET (14:00 GMT)
