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Molten Ventures Plc (GROW; GRW)
Result of AGM
24-Jul-2024 / 14:00 GMT/BST
Molten
Ventures plc
("Molten" or
the "Company")
Results of
2024 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.
|
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
2024.
|
152,016,931
|
100.00%
|
1,302
|
0.00%
|
96,738
|
|
2. To approve the
Directors’ Remuneration Report for the financial year ended 31
March 2024.
|
120,038,416
|
85.31%
|
20,666,144
|
14.69%
|
11,410,410
|
|
3. To elect
Laurence Hollingworth as a Director.
|
150,320,804
|
98.83%
|
1,783,867
|
1.17%
|
10,299
|
|
4. To elect Lara
Naqushbandi as a Director.
|
151,101,396
|
99.34%
|
1,006,771
|
0.66%
|
6,803
|
|
5. To re-elect
Stuart Chapman as a Director.
|
151,809,611
|
99.80%
|
298,784
|
0.20%
|
6,576
|
|
6. To re-elect
Grahame Cook as a Director.
|
150,477,722
|
98.94%
|
1,609,292
|
1.06%
|
27,956
|
|
7. To re-elect
Martin Davis as a Director.
|
151,809,917
|
99.80%
|
298,478
|
0.20%
|
6,576
|
|
8. To re-elect
Sarah Gentleman as a Director.
|
151,181,239
|
99.39%
|
927,155
|
0.61%
|
6,576
|
|
9. To re-elect
Gervaise Slowey as a Director.
|
150,265,798
|
98.79%
|
1,842,596
|
1.21%
|
6,576
|
|
10. To re-elect
Ben Wilkinson as a Director.
|
150,883,851
|
99.19%
|
1,224,544
|
0.81%
|
6,576
|
|
11. To re-appoint
PricewaterhouseCoopers LLP as auditor of the Company.
|
134,039,042
|
88.12%
|
18,069,732
|
11.88%
|
6,197
|
|
12. To authorise
the Audit, Risk and Valuations Committee to determine the
remuneration of the auditor.
|
134,912,501
|
88.69%
|
17,197,067
|
11.31%
|
5,403
|
|
13. To authorise
the Directors to allot shares.
|
148,122,290
|
97.38%
|
3,989,557
|
2.62%
|
3,124
|
|
14. Authority to
disapply statutory pre-emption rights.*
|
147,222,850
|
96.82%
|
4,833,442
|
3.18%
|
58,679
|
|
15. Additional
authority to disapply statutory pre-emption rights.*
|
138,098,183
|
90.82%
|
13,957,126
|
9.18%
|
59,662
|
|
16. To authorise
the Company to purchase
its own ordinary
shares.*
|
151,231,427
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99.43%
|
861,236
|
0.57%
|
22,308
|
|
17. To authorise
the Directors to call a general meeting other than an annual
general meeting on not less than 14 clear days' notice.*
|
150,841,501
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99.17%
|
1,269,993
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0.83%
|
3,477
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*Special
resolution
1. Any proxy arrangement which
gave discretion to the chair of the meeting 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 189,046,450. The
total number of voting rights is 189,046,450.
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 at
https://investors.moltenventures.com/investor-relations/plc/documents
Enquiries
|
Molten
Ventures plc
Gareth Faith
(Company Secretary)
|
+44 (0)20
7931 8800
|
|
Deutsche
Numis
Joint
Financial Adviser and Corporate Broker
Simon
Willis
Jamie
Loughborough
Iqra
Amin
|
+44 (0)20
7260 1000
|
|
Goodbody
Stockbrokers
Joint
Financial Adviser and Corporate Broker,
Euronext
Dublin Sponsor
Don
Harrington
Dearbhla
Gallagher
William
Hall
|
+44 (0) 20
3841 6202
|
|
Sodali & Co
Public
relations
Elly
Williamson
Chris
Flame
|
+44 (0)7889
297 217
molten@sodali.com
|
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
2024, Molten Ventures had a diverse portfolio with shareholdings in
118 companies, 20 of which represent our Core holdings and account
for 62% of the Gross Portfolio Value. Our Core companies include
Thought Machine, Coachhub, 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.
A member of the
London Stock Exchange’s FTSE 250, 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 £520m to 31 March 2024. For more
information, go to https://www.moltenventures.com/
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.
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