Business
Results of PrimaryBid Offer
Results of PrimaryBid Offer.
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\nResults of PrimaryBid Offer 29-Nov-2023 / 07:00 GMT/BST\n\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\").\n\n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n\n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN. \n\n \n\n29 November 2023\n\nMolten Ventures plc\n\n(“Molten” or the “Company”)\n\n \n\nResults of PrimaryBid Offer\n\nMolten Ventures plc (LON: GROW, Euronext Dublin: GRW) announced on 27 November 2023 the launch of a fundraise comprising a placing (the \"Placing\") and subscription (the \"Subscription\") in conjunction with an offer via PrimaryBid (the \"PrimaryBid Offer\") (together the \"Fundraise\") alongside an Offer for Subscription (together with the Fundraise, the \"Issue\").\n\n \n\nThe Company is pleased to announce that the PrimaryBid Offer successfully completed and closed at 3.00 p.m. yesterday. A total of 888,888 New Ordinary Shares have been subscribed for at a price of 270 pence per New Ordinary Share (the \"Issue Price\") pursuant to the PrimaryBid Offer. \n\n \n\nFollowing the successful closing of the PrimaryBid Offer, the Company has raised gross proceeds of £57.4 million via the Fundraise. \n\n \n\nA total of 21,259,258 New Ordinary Shares have been subscribed for at the Issue Price pursuant to the Fundraise, representing approximately 13.9 per cent. of the Company's existing issued share capital. \n\n \n\nThe latest time for applications under the Offer for Subscription is 11.00 a.m. on 12 December 2023. \n\n \n\nThe Issue is conditional, inter alia, on shareholders approving the issue of the New Ordinary Shares at a discount to the last reported NAV per Ordinary Share (the \"Resolution\") at the General Meeting to be convened at 10.00 a.m. on 14 December 2023 (the \"General Meeting\"). Further details on the Resolution and the General Meeting can ...