Draper Esprit PLC Change of Name to Molten Ventures (7262R)
09 Noviembre 2021 - 1:00AM
UK Regulatory
TIDMGROW
RNS Number : 7262R
Draper Esprit PLC
09 November 2021
Draper Esprit PLC
9 November 2021
Molten Ventures plc
(formerly Draper Esprit plc)
("Molten", the "Group" or the "Company")
Change of name to Molten Ventures plc
The Company (LSE: GROW, Euronext Dublin: GRW), a leading venture
capital firm investing in and developing high growth digital
technology businesses, announces that it has changed its name from
Draper Esprit plc to Molten Ventures plc.
The rebranding is in response to the company's transformation of
recent years, accelerated company growth and recent inclusion in
the FTSE 250, and a recognition of its unique role in the
democratisation of venture capital. There is also a new website,
moltenventures.com and a new motto, 'Make More Possible'.
Make More Possible reflects Molten's unique contribution as a
listed venture capital firm. Molten invests in Europe's best
entrepreneurs and seed funds, helping them to make more possible.
Further, because it is listed, the rewards of Molten's investments
make more possible for public market investors, not just a small
club of LPs.
Martin Davis, CEO at Molten said:
"Our rebrand to Molten Ventures plc is rooted in the team's long
experience of transformation - both our own, and our successful
efforts to help our portfolio do the same. It encapsulates that
moment when VCs give their energy to help companies succeed and
indicates what transformation means to us - for our portfolio, for
our investors and for our society, we "make more possible". Our new
motto also reflects our unique contribution as a listed venture
capital firm to identify and fully support the vision of Europe's
most successful companies and in doing so deliver value for our
shareholders."
The Group's stock market TIDM (LSE: GROW, Euronext Dublin: GRW),
the Company's ISIN (GB00BY7QYJ50) and SEDOL (BY7QYJ5) will remain
unchanged and existing share certificates will continue to be
valid. The change of name will take effect on the London Stock
Exchange and Euronext Dublin from 8.00 a.m. on 10 November
2021.
-ENDs-
Enquiries
Molten Ventures plc
Martin Davis (Chief Executive Officer)
Ben Wilkinson (Chief Financial Officer) +44 (0)20 7931 8800
Numis Securities
Joint Financial Adviser and Corporate
Broker
Simon Willis
Richard Thomas
Jamie Loughborough +44 (0)20 7260 1000
Goodbody Stockbrokers
Joint Financial Adviser and Corporate
Broker,
Euronext Dublin Sponsor
Don Harrington
Charlotte Craigie
Linda Clarke +44 (0) 20 3841 6202
Powerscourt
Public relations
Elly Williamson +44 (0)7970 246 725 /
Jane Glover +44 (0)7713 246 126
About Molten Ventures plc
Molten Ventures plc is one of the most active venture capital
firms in Europe, investing in disruptive, high growth technology
companies. We believe the best entrepreneurs in Europe are capable
of building the global businesses of the future. We fuel their
growth with long-term capital, access to international networks and
decades of experience building businesses.
As at 31 March 2021, Molten is a shareholder in a diverse
portfolio of 70+ companies with 17 of those part of our core
portfolio which accounts for over 60% of our holdings. Our core
companies include UiPath, Aircall, Graphcore and Revolut. We invest
across four sectors: Consumer Technology, Enterprise Technology,
Hardware and Deeptech, 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 a serious potential for global expansion, strong IP, powerful
technology, and 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 provides an opportunity for public market investors to
access these fast-growing tech businesses, without having to commit
to long term investments with limited liquidity. Since IPO to the
AIM market of the London Stock Exchange plc in June 2016, we have
deployed circa GBP550m+ capital into fast growing tech companies
and have realised over GBP300m.
For more information, go to www.moltenventures.com
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November 09, 2021 02:00 ET (07:00 GMT)
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