MOLTEN VENTURES PLC
("Molten Ventures" or the "Company")
Grant of Options to Persons Discharging Managerial Responsibility ("PDMR")
Molten Ventures PLC (LSE: GROW, Euronext Dublin: GRW) announces that options (the "Options") over a total of 977,169 ordinary shares with a nominal value of 1p each have been awarded to certain PDMRs of the Company pursuant to the Company's 2021 Long-Term Incentive Plan ("LTIP") and 2021 Deferred Bonus Plan (“DBP”), as set out below.
LTIP | No. of Options awarded |
| |
Martin Davis | 337,512 |
Stuart Chapman | 231,995 |
Ben Wilkinson | 233,592 |
| |
DBP | No. of Options awarded |
| |
Martin Davis | 73,751 |
Stuart Chapman | 50,694 |
Ben Wilkinson | 49,625 |
The Options awarded under the LTIP have an exercise price of 1p each and are subject to LTIP performance conditions which, together with a summary of the LTIP, are set out in the Company's Annual Report for the year ended 31 March 2024, which was published on 12 June 2024 (available at www.moltenventures.com) (“Annual Report”).
The Options awarded under the DBP have an exercise price of 1p each and are subject to a deferral period of two years before they can be exercised.
The notification set out in the Annex below, made in accordance with the requirements of the UK and EU Market Abuse Regulations, provides further details of the Options awarded:
ANNEX
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| Details of the person discharging managerial responsibilities / person closely associated |
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| Name | Martin Davis |
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| Reason for the notification |
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| Position / status | Chief Executive Officer |
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| Initial notification / amendment | Initial notification |
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| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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| Name | Molten Ventures plc |
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| LEI | 213800IPCR3SAYJWSW10 |
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| 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 |
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| Description of financial instrument, type of instrument | Options in respect of the LTIP and DBP over ordinary shares of 1p each |
| Identification Code | GB00BY7QYJ50 |
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| Nature of the transaction | Issue of options |
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| Price(s) and volume(s) | 411,263 options over ordinary shares of 1p each with an exercise price of 1p per share |
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| Aggregated information - Aggregated volume - Price | n/a |
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| Date of the transaction | 20 June 2024 |
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| Place of the transaction | n/a |
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| Details of the person discharging managerial responsibilities / person closely associated |
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| Name | Stuart Chapman |
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| Reason for the notification |
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| Position / status | Executive Director |
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| Initial notification / amendment | Initial notification |
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| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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| Name | Molten Ventures plc |
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| LEI | 213800IPCR3SAYJWSW10 |
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| 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 |
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| Description of financial instrument, type of instrument | Options in respect of the LTIP and DBP over ordinary shares of 1p each |
| Identification Code | GB00BY7QYJ50 |
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| Nature of the transaction | Issue of options |
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| Price(s) and volume(s) | 282,689 options over ordinary shares of 1p each with an exercise price of 1p per share |
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| Aggregated information - Aggregated volume - Price | n/a |
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| Date of the transaction | 20 June 2024 |
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| Place of the transaction | n/a |
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| Details of the person discharging managerial responsibilities / person closely associated |
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| Name | Ben Wilkinson |
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| Reason for the notification |
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| Position / status | Chief Financial Officer |
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| Initial notification / amendment | Initial notification |
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| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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| Name | Molten Ventures plc |
-
| LEI | 213800IPCR3SAYJWSW10 |
-
| 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 |
-
| Description of financial instrument, type of instrument | Options in respect of the LTIP and DBP over ordinary shares of 1p each |
| Identification Code | GB00BY7QYJ50 |
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| Nature of the transaction | Issue of options |
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