IN BRIEF: Molten Ventures launches further GBP5 million share buyback

Molten Ventures PLC - London-based venture capital firm - Launches a further GBP5 million share buyback programme on Tuesday, to continue until either the expiration of the general authority received at its annual general meeting, or meeting the maximum monetary amount intended for the programme. Numis Securities Ltd will conduct the buyback programme on Molten's behalf.

This follows its completion of a GBP10 million share buyback programme at the end of September 2024, and also follows its exit from retail investment platform Freetrade last week after Freetrade's acquisition by IG Group Holdings PLC. Molten's stake in Freetrade will generate proceeds of GBP20.4 million, expected in mid-2025, and deliver a 1.5x return on Molten's invested capital. Molten's realisations for the 2024 now total over GBP150 million. The group intends to allocate at least 10% of its realisation proceeds towards share buybacks.

Current stock price: 296.99 pence, up 3.7% in London on Tuesday noon

12-month change: up 17%

By Emily Parsons, Alliance News reporter

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