DJ Chair succession
Molten Ventures Plc (GROW; GRW)
Chair succession
15-Nov-2023 / 07:00 GMT/BST
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Molten Ventures plc
("Molten", the "Group" or the "Company")
Chair succession
Molten Ventures plc (LSE: GROW, Euronext Dublin: GRW) is pleased to announce the appointment of Laurence Hollingworth
as a non-executive director of the Company and Chair of the Board of Directors, effective 2 January 2024. Laurence will
also Chair the Nomination Committee and become a member of the Remuneration Committee. Grahame Cook will resume his
role as Senior Independent Director and Chair of the Audit, Risk and Valuations Committee following an orderly
handover.
Laurence brings extensive experience in the capital markets and a strong understanding of the investment environment
following a 37-year career with Cazenove and latterly JP Morgan. He has held several senior leadership roles during his
career including Head of UK Investment Banking, Head of EMEA Industry Coverage and finally as Vice Chairman for Equity
Capital Markets EMEA. He is currently chair of Clarkson plc, the world's largest shipbroker, and a non-executive
director of Atom Bank plc, an online retail challenger bank.
Grahame Cook, Interim Chair of Molten Ventures, commented:
"The Board is delighted to welcome Laurence to Molten. Assisted by an external recruitment firm, the Nomination
Committee has conducted a robust and extensive process to identify a candidate of Laurence's calibre and experience to
serve as a permanent successor to Karen Slatford. We look forward to him assuming responsibilities in January following
a thorough induction to the business."
Martin Davis, CEO of Molten Ventures, commented:
"The Executive team are looking forward to working with Laurence and benefitting from the insight and guidance his
experience brings to our board room. Thanks must also go to Grahame Cook, who has diligently led the Board alongside
his other responsibilities following Karen Slatford's retirement."
Commenting on his appointment, Laurence Hollingworth said:
"I'm pleased to be joining a unique, listed VC and contributing to its growth ambitions, leveraging my capital markets,
investment banking and leadership experience. I look forward to working with the Board to help the Company continue its
long-term track record of successful investments for the benefit of all our shareholders."
The Directors have determined that upon appointment, Laurence will be deemed independent. Save as disclosed above,
there are no further details to be disclosed pursuant to Listing Rule 9.6.13.
Enquiries:
Molten Ventures plc
Martin Davis (Chief Executive Officer) +44 (0)20 7931 8800
Ben Wilkinson (Chief Financial Officer)
Deutsche Numis
Joint Financial Adviser and Corporate Broker
Simon Willis
+44 (0)20 7260 1000
Jamie Loughborough
Iqra Amin
Goodbody Stockbrokers
Joint Financial Adviser and Corporate Broker,
Euronext Dublin Sponsor
Don Harrington
+44 (0) 20 3841 6202
Charlotte Craigie
Dearbhla Gallagher
William Hall
Powerscourt
Public relations +44 (0)7970 246 725 / +44 (0)7880 744 379
Elly Williamson
Nick Hayns
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 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 30 September 2023, Molten Ventures had a diverse portfolio with shareholdings in 74 companies, 17 of which represent our core portfolio holdings and account for 62% of the Gross Portfolio Value. Our core companies include Thought Machine, Coachhub, Form3, 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 aspirations 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 GBP520m to 30 September 2023.
For more information, go to https://www.moltenventures.com/
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ISIN: GB00BY7QYJ50 Category Code: BOA 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.: 284883 EQS News ID: 1773311 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
November 15, 2023 02:00 ET (07:00 GMT)
