Molten Ventures Revises Freetrade Exit Projections

Molten Ventures Plc has updated its announcement regarding the Freetrade exit and share repurchase program. The deal with FTSE 250 company IG Group is now expected to yield £20.4 million, down from the initially projected £22.7 million. This still values Molten's stake at 17% above its September valuation, providing a 1.5x return on invested capital.

Despite the revision, Molten Ventures’ realizations for the fiscal year are projected to exceed £150 million, against an original forecast of £100 million. The company plans to allocate a portion of proceeds to a £5 million share buyback program, reflecting ongoing commitment to shareholder returns while managing capital prudently.

CEO Ben Wilkinson emphasized the success of Freetrade's growth and Molten’s active portfolio management strategy.