BlackRock, Inc. Increases Stake in Molten Ventures Plc Post-Takeover

Molten Ventures Plc (GROW; GRW) announced that BlackRock, Inc. has significantly increased its holdings in the company. This development follows the successful completion of a takeover transaction with Forward Partners PLC. As reported on March 18, 2024, the acquisition has resulted in BlackRock, Inc. crossing a notable threshold in its ownership of Molten Ventures Plc shares.

The notification of major holdings indicates that BlackRock, Inc.’s position in Molten Ventures reached 13.24% on March 15, 2024, up from its previous holding of 8.61%. This substantial increase is primarily due to the shares received after the takeover. This rise reflects a solid confidence by BlackRock, Inc. in Molten Ventures Plc, highlighting the investment management firm's commitment to its stake in the UK-based issuer.

Molten Ventures Plc also reported the detailed breakdown of BlackRock, Inc.’s holdings, illustrating both direct voting rights and financial instruments that contribute to its total stake in the company. The adjusted holdings underscore the strategic investment approaches undertaken by BlackRock, Inc., specifically through securities lending and various controlled undertakings.