Molten Ventures Announces Completion of Acquisition and Introduction of New Shares

Molten Ventures Plc (LSE: GROW, Euronext Dublin: GRW), a prominent venture capital firm, successfully completed the acquisition of Forward Partners Group Plc through a court-approved scheme of arrangement. This strategic move is aimed at diversifying the maturity levels of Molten's assets and widening the pipeline for follow-on investments. Following this acquisition, Molten Ventures has issued 14,785,049 new ordinary shares. These shares are expected to be admitted for trading on the London Stock Exchange and Euronext Dublin. The admission is slated for 15 March 2024, marking the finalization of the acquisition process.

Martin Davis, CEO of Molten Ventures, views the acquisition as a significant step towards broadening the company's asset maturity spectrum and capitalizing on venture capital opportunities in a market increasingly favorable to buyers. Post-acquisition, Molten's total issued share capital will increase to 189,046,450 ordinary shares, each with equal voting rights. This development provides a new basis for shareholder notifications regarding their shareholding interests per regulatory requirements.