PRESS RELEASE

from Molten Ventures Plc (isin : GB00BY7QYJ50)

Director/PDMR Shareholding

Molten Ventures Plc (GROW; GRW)
Director/PDMR Shareholding

26-Jun-2023 / 14:00 GMT/BST


MOLTEN VENTURES PLC

("Molten Ventures" or the "Company")

Grant of Options to Persons Discharging Managerial Responsibility ("PDMR")

2023 Awards

On 23 June 2023, Molten Ventures PLC (LSE: GROW, Euronext Dublin: GRW) granted options over ordinary shares with a nominal value of 1p each in the share capital of the Company ("Ordinary Shares") pursuant to the Company's 2021 Long-Term Incentive Plan ("LTIP"), in respect of the 2023 financial year (“2023 Options”) to the PDMRs set out in the table below:

 

PDMR

 

LTIP Options awarded

Martin Davies

471,383

Stuart Chapman

324,014

Ben Wilkinson

317,182

The 2023 Options awarded under the LTIP are subject to LTIP performance conditions which are disclosed in the Company's Annual Report and Accounts for the year ended 31 March 2023 ("Annual Report"), published on 15 June 2023 (a copy of which is available at www.moltenventures.com).

Top-Up Awards

On 17 June 2022, the Company granted a number of options under the LTIP and Deferred Bonus Plan (“DBP”) (the "2022 Options"). The 2022 Options were announced to the market via RNS number 3758P (the “Original Notification”).

It was subsequently noted that there had been an administrative error in calculating the number of Ordinary Shares comprised in each of the 2022 Options such that the participants had received fewer Ordinary Shares than they should have. As such a number of “top-up” awards have been granted (“Top-Up Awards”) over a total of 157,511 Ordinary Shares, as set out in the table below.

The Top-Up Awards have been granted on the same basis as the original 2022 Options to which they relate, details of which were also included in the Original Notification.

 

LTIP

No. of Ordinary Shares that should have been awarded

No. of Ordinary Shares that were awarded

'Top-Up' Award

 

 

 

 

Martin Davis

278,387

230,319

48,068

Stuart Chapman

191,355

158,314

33,041

Ben Wilkinson

187,320

154,976

32,344

 

 

 

 

 

 

DBP

No. of Ordinary Shares that should have been awarded

No. of Ordinary Shares that were awarded

'Top-Up' Award

 

 

 

 

Martin Davis

108,111

89,444

18,667

Stuart Chapman

74,312

61,481

12,831

Ben Wilkinson

72,745

60,185

12,560

The notifications set out in the Annex below, were made in accordance with the requirements of the UK Market Abuse Regulation, provide further details of such transactions.

 

ANNEX

1       

Details of the person discharging managerial responsibilities / person closely associated

a)  

Name

Martin Davis

2       

Reason for the notification

a)  

Position / status

Chief Executive Officer

b)  

Initial notification / amendment

Initial notification

3       

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)  

Name

Molten Ventures plc

b)  

LEI

213800IPCR3SAYJWSW10

4       

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)  

Description of financial instrument, type of instrument

Options over ordinary shares of 1p each with an exercise price of one pence per share

 

Identification Code

GB00BY7QYJ50

b)  

Nature of the transaction

Issue of options

c)  

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

471,383

d)  

Aggregated information

  • Aggregated volume

 

  • Price

 

n/a

 

e)  

Date of the transaction

23 June 2023

f)   

Place of the transaction

XOFF

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martin Davis

2

Reason for the notification

a)

Position / status

Chief Executive Officer

b)

Initial notification / amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Molten Ventures plc

b)

LEI

213800IPCR3SAYJWSW10

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of financial instrument, type of instrument

Options over ordinary shares of 1p each with an exercise price of one pence per share

 

Identification Code

GB00BY7QYJ50

b)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

48,068

 

 

n/a

18,667

d)

Aggregated information

  • Aggregated volume

 

  • Price

 

66,735

 

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