Business
Molten Ventures Plc: Completion of Acquisitio...
Molten Ventures Plc: Completion of Acquisitio....
About this update from Molten Ventures Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nMolten Ventures Plc (GROW; GRW)\n\n\n\n\n\n\nMolten Ventures Plc: Completion of Acquisition, Admission of New Molten Shares and Total Voting Rights 14-March-2024 / 13:00 GMT/BST\n\n\n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n\n14 March 2024\n\nRECOMMENDED ALL-SHARE OFFER \n\nFOR\n\nFORWARD PARTNERS GROUP PLC (\"FORWARD\")\n\nBY\n\nMOLTEN VENTURES PLC (\"MOLTEN\" OR THE \"COMPANY\")\n\nCompletion of Acquisition, Admission of New Molten Shares and Total Voting Rights\n\nMolten Ventures plc (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, is pleased to announce the completion of its recommended all-share acquisition of Forward (the \"Acquisition\"). The Acquisition was implemented by way of a court-sanctioned scheme of arrangement (“Scheme”) between Forward and Scheme Shareholders under Part 26 of the Companies Act.\n\nFurther to the announcement made by Forward and Molten today that the Scheme had become Effective in accordance with its terms following delivery of the Court Order to the Registrar of Companies, applications have been made to the Financial Conduct Authority and London Stock Exchange for the 14,785,049 new ordinary shares of £0.01 each (\"New Molten Shares\") issued in relation to the Scheme to be admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange’s main market for listed securities. An application has also been made to Euronext Dublin in respect of a secondary listing on the Euronext Dublin Daily Official List and to trading on the Euronext Dublin Market. Admission and commencement of dealings in the New Molten Shares is expected to take place at or soon after 8.00 a.m. on 15 March 2024, at which time the Acquisition will complete.\n\nMartin Davis, Chief Executive Officer, Molten Ventures, commented: \n\n“The acquisition of Forward Partners will enable us to diversify the blend of maturity of our assets and provide a broader pipeline for follow-on investment. It follows soon after our acquisition of a stake in Seedcamp ...