Molten Ventures Extends Share Repurchase Programme

Molten Ventures Plc, a notable venture capital firm listed on the London Stock Exchange under the ticker GROW, has announced an extension to its current share repurchase programme. Once its £15 million initiative, launched in February 2025, concludes, the company plans to embark on a new repurchase phase worth up to £10 million. This move exceeds the minimum parameters set by its Capital Allocation Policy, raising the total commitment to £40 million since July 2024.

The programme aims to address the share price discount to net asset value and will use existing cash reserves until either the planned amount is repurchased or the authority granted at the 2025 AGM expires. Goodbody Stockbrokers UC has been engaged to manage the on-market purchases of shares under current regulatory guidelines. As of late July, Molten Ventures' capital structure includes 189,046,450 shares issued with 8,995,778 shares in treasury.