Prospectus Offer Documents
To obtain a valuation please contact our administrators Downing LLP by email or call them on 0207 416 7780 and say that you would like an up to date valuation for Molten Ventures VCT plc.
IFA Letters of Authority
To register Letters of Authority on behalf of your clients with the Registrar please download and fill out the Intermediary Letter of Authority form and return it to our Registrar City Partnership (UK) Limited. If you have any questions please contact City Partnership by email or call 01484 240 910.
Transferring your Shares
If you would like to transfer your shares please fill out the Stock Transfer Form and return it together with your share certificate to our Registrar, City Partnership (UK) Limited. If you have any questions please contact City Partnership by email or call 01484 240 910. Please note Stamp Duty may apply.
Financial Reports & Accounts
Dividends & Dividend Reinvestment
To have your dividends paid directly into your bank account please download and fill out the request for payment of interest or dividends form and return it to our Registrar, City Partnership (UK) Limited at:-
City Partnership (UK) Limited
The Mending Rooms
Park Valley Mills
Tel: 01484 240 910
To enrol in the Dividend Reinvestment Scheme with the Registrar please download and fill out the DRIS form and return it either by post to The City Partnership (UK) Limited, The Mending Rooms, Park Valley Mills, Meltham Road, Huddersfield HD4 7BH or a scanned signed copy to email@example.com. If you have any questions please contact City Partnership by email or call 01484 240 910.
If you would like to be removed from the Dividend Reinvestment Scheme, you can send a letter of instruction (which includes your full name, address and the company you hold shares in) to The City Partnership (UK) Limited, The Mending Rooms, Park Valley Mills, Meltham Road, Huddersfield HD4 7BH or scanned signed copy to firstname.lastname@example.org
Selling your shares
If you would like to sell your shares please instruct your stockbroker to contact the VCTs broker Panmure Gordon. The VCT does not buy back shares directly from investors but has a buyback policy through the London Stock Exchange. A precis of the buyback policy is as follows.
The Company has from time to time bought back its Ordinary Shares for cancellation. The Board will agree the price at which such buybacks are undertaken which will not be more than 95.0% of the last published NAV for the Ordinary Shares although the Board may decide to buy back shares at their discretion at a larger discount subject to VCT regulations, liquidity and the Listing Rules.
Shareholders are reminded that the VCT’s ability to conduct share buybacks will depend on VCT qualifying conditions and/or the sufficiency of the cash and distributable reserves required for the VCT to purchase its own shares. Restrictions imposed by the VCT regulations have impacted distributions recently and, while this issue is expected to be temporary as further distributable reserves are expected to become available for distribution under the VCT rules on 5 April 2024 and 5 April 2025, may continue to do so over the next 18 months.
Molten Ventures VCT plc (LSE: MVCT) is registered in England No. 03424984. It is distinct from Molten Ventures plc (LSE: GROW) and does not form part of its group. The Board of Molten Ventures VCT plc remains independent of Molten Ventures plc.
Elderstreet Investments Limited has been appointed as Alternative Investment Fund Manager (AIFM) of Molten Ventures VCT plc. Elderstreet Investments Limited is registered in England No. 01825358 and is authorised and regulated by the Financial Conduct Authority (FRN: 148527).
Where any information on this website relating to Molten Ventures VCT plc or Elderstreet Investments Limited constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (as amended), it is issued and approved by Elderstreet Investments Limited in its capacity as investment manager for its own purposes and for distribution and use in the UK only.
Your capital is at risk. Past performance is not a reliable indicator of future results.
Shares may trade at a discount to their net asset value. The value of an investment can fall as well as rise and investors may not get back the amount originally invested. Therefore you should only make plc investments which you can afford to lose without having any significant impact on your overall financial position or commitments.
Prospective investors are recommended to seek specialist independent tax and financial advice before investing in the VCT. Tax reliefs available are dependent on individual circumstances and the VCT maintaining HM Revenue & Customs (HMRC) approval. Tax treatment and qualifying criteria may be subject to change in future.
As a VCT shareholder, you do not have the right to complain to the Financial Ombudsman Service (FOS) about the management of the VCT. You would not be able to make a claim to the Financial Services Compensation Scheme (FSCS) about the VCT in the event that the VCT found itself unable to pay out.
Prospective investors must refer to the applicable Prospectus, in particular the section headed “Risk Factors”, when considering an investment in the Company.