2 February 2024
MOLTEN VENTURES PLC
(the "Company" or "Molten")
Registered number: 09799594
Legal Entity Identifier: 213800IPCR3SAYJWSW10
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the “Code”)
1. KEY INFORMATION
(a) Full name of discloser: | Martin Michael Arthur Davis and Jane Davis |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | N/A |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Molten Ventures plc ("Molten") |
(d) Status of person making the disclosure: e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree) | Person acting in concert with the offeror, Molten |
(e) Date dealing undertaken: | 1 February 2024 |
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” | NO |
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing
Class of relevant security: | Ordinary Shares of £0.01 each ("Shares") |
| Interests | Short positions |
Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 91,836 | 0.05 | NIL | - |
(2) Cash-settled derivatives: | NIL | - | NIL | - |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | NIL | - | NIL | - |
TOTAL: | 91,836 | 0.05 | NIL | - |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists: | Ordinary shares of £0.01 each ("Shares") |
Details, including nature of the rights concerned and relevant percentages: | Number of Shares under option | Name of scheme or plan | Type of award | Grant date | Vest date* | Exercise price | 56,125 | Draper Esprit LTIP | Nominal cost option | 29/06/2020 | 29/06/2023 | £0.01 | 135,979 | Molten LTIP | Nominal cost option | 16/07/2021 | 16/07/2024 | £0.01 | 230,319 | Molten LTIP | Nominal cost option | 17/06/2022 | 17/06/2025 | £0.01 | 89,444 | Deferred Bonus Plan | Nominal cost option | 17/06/2022 | 17/06/2024 | £0.01 | 48,068 | Molten LTIP | Nominal cost option | 22/06/2023 | 17/06/2025 | £0.01 | 18,667 | Deferred Bonus Plan | Nominal cost option | 22/06/2023 | 17/06/2024 | £0.01 | 471,383 | Molten LTIP | Nominal cost option | 23/06/2023 | 23/06/2026 | £0.01 |
* The options will expire if any performance conditions to which they are subject have not been met by the vest date and otherwise if they have not been exercised by the tenth anniversary of the grant date. |
3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)
Class of relevant security | Purchase/sale | Number of securities | Price per unit |
Ordinary shares of £0.01 each ("Shares") | Purchase | 10,000 | 238.5348 pence |
(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser
Class of relevant security | Purchases/ sales | Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
N/A | N/A | N/A | N/A | N/A |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
N/A | N/A | N/A | N/A | N/A |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | |
