⌘K

/Equities/XLON/GROW/RNS

Result of AGM

RNS Number : 8177U

Molten Ventures PLC

03 August 2022

Molten Ventures plc

("Molten" or the "Company")

Results of 2022 Annual General Meeting ("AGM")

Molten Ventures plc (LSE: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, is pleased to announce that all resolutions as set out in the Notice of AGM were duly passed.

Voting was held by poll. The poll results on each resolution proposed are set out below:

Resolution	For¹	% of votes cast	Against	% of votes cast	Vote withheld²
1. To receive the report and accounts for the financial year ended 31 March 2022.	114,999,545	99.99	631	0.01	684,728
2. To approve the Directors' Remuneration Report for the financial year ended 31 March 2022.	82,832,052	79.43	21,451,703	20.57	11,401,149
3. To approve the Directors' Remuneration Policy.	82,692,926	79.90	20,802,605	20.10	12,189,373
4. To elect Sarah Gentleman as a Director.	114,974,376	99.39	707,847	0.61	2,681
5. To elect Gervaise Slowey as a Director.	113,403,445	99.34	754,159	0.66	1,527,300
6. To re-elect Karen Slatford as a Director.	100,119,331	90.80	10,143,841	9.20	5,421,732
7. To re-elect Martin Davis as a Director.	115,585,221	99.92	96,614	0.08	3,069
8. To re-elect Stuart Chapman as a Director.	115,585,095	99.92	96,740	0.08	3,069
9. To re-elect Ben Wilkinson as a Director.	111,941,140	96.77	3,740,695	3.23	3,069
10. To re-elect Grahame Cook as a Director.	113,260,863	97.91	2,420,972	2.09	3,069
11. To re-elect Richard Pelly as a Director.	115,013,595	99.42	668,240	0.58	3,069
12. To re-appoint PricewaterhouseCoopers LLP as auditors of the Company.	107,533,610	97.52	2,731,908	2.48	5,419,386
13. To authorise the Audit, Risk and Valuations Committee to determine the remuneration of the auditors.	109,070,075	98.92	1,195,055	1.08	5,419,774
14. To authorise the Directors to allot shares.	114,328,428	98.83	1,352,426	1.17	4,050
15. Authority to disapply statutory pre-emption rights.*	114,515,851	98.99	1,165,003	1.01	4,050
16. Additional authority to disapply statutory pre-emption rights.*	112,900,296	97.60	2,781,468	2.40	3,140
17. To authorise the Company to purchase its own ordinary shares.*	114,159,418	98.68	1,524,763	1.32	723
18. To authorise the Directors to call a general meeting other than an annual general meeting on not less than 14 clear days' notice.*	115,368,358	99.74	297,573	0.26	973

*Special resolution

1. Any proxy arrangement which gave discretion to the Chair has been included in the "for" totals.

2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

3. The total number of ordinary shares of 1p each in issue is 152,999,853. The total number of voting rights is: 152,999,853. 75.61% of the issued share capital of the Company was voted (excluding votes withheld).

4. In accordance with Financial Conduct Authority Listing Rule 9.6.2, a copy of the resolutions passed at today's AGM, other than resolutions concerning ordinary business, will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

5. In accordance with Euronext Listing Rule 6.1.60, a copy of the resolutions passed at today's AGM, other than resolutions concerning ordinary business will be submitted to Euronext Direct and be available for inspection at https://direct.euronext.com/#/oamfiling

6. The Notice of AGM can be found on the Company's website at https://investors.moltenventures.com/storage/uploads/PLC/Documents/31007-Molten-Ventures-NOM-2022_FINAL_qhqfw.pdf

Resolutions 2 & 3 - Approval of the Directors' Remuneration Report and Remuneration Policy

The Company was pleased that the Remuneration Report and new Remuneration Policy were supported in a vote at today's AGM. It also notes that a minority were not able to support the new Report and Policy at this time. The Company undertook an in-depth consultation process with the majority of its largest shareholders when joining the Main Market last summer and reflected the details of our plans in the prospectus. However, we will continue to engage to ensure that we fully understand the views of all shareholders on these matters, and to continue to explain the rationale for the changes.

Enquiries

Molten Ventures plc Gareth Faith (Company Secretary)	+44 (0)20 7931 8800
Numis Securities Nominated Adviser & Joint Broker Simon Willis Jamie Loughborough Havish Patel	+44 (0)20 7260 1000
Goodbody Stockbrokers Euronext Growth Adviser & Joint Broker Don Harrington Charlotte Craigie Dearbhla Gallagher	+44 (0) 20 3841 6202
Powerscourt Public relations Robin O'Kelly Jane Glover	+44 (0)20 7250 1446

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGBKNBKNBKDCFK

Result of AGM - Molten Ventures PLC | RNS | Ticker