Find information about transferring or selling your Molten Ventures VCT shares below.

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.

The VCT does not buy back shares directly from investors but has a buyback policy through the London Stock Exchange. The Company may, from time to time and at the Board’s sole discretion, purchase its Ordinary Shares in the market for cancellation or treasury, subject to shareholder authorities, applicable law and regulation, the Listing Rules, VCT regulations and available liquidity. There is no obligation on the Company to make market purchases and no assurance that any purchase will be made.

The Board’s current policy is to target buybacks at a price not higher than 95% of the last published NAV per Ordinary Share. The Board may decide to purchase shares at a wider discount, or not to purchase at all, at any time. The last published NAV may not reflect current market conditions, and the market price of the shares may be above or below NAV.

 

Step 1: Locate your Holding(s)

If your holding is certificated, a broker is likely to require the original share certificate(s) to process a sale. Certificates may bear any of the following historic company names:

1. Downing Street VCT plc from 26 August 1997 to 20 October 1997;
2. Elderstreet Downing VCT plc from 20 October 1997 to 26 January 2005;
3. Elderstreet VCT plc from 26 January 2005 to 7 December 2017;
4. Elderstreet Draper Esprit VCT plc from 7 December 2017 to 10 January 2019;
5. Draper Esprit VCT plc from 10 January 2019 to 4 February 2022; and
6. Molten Ventures VCT plc from 4 February 2022 to date.

 

Certificates issued under previous names remain valid. If a certificate is lost, contact the Registrar for a replacement, who may charge a fee for providing an indemnity.

If your shares are held in CREST, you will not have a paper certificate. Shares held in CREST are in electronic (dematerialised) form, not physical certificates, usually via your broker or nominee account. The benefit of CREST is faster settlement, easier transfers, and reduced risk of loss or theft compared to paper certificates. If you want a certificate you would need to “rematerialise” your shares, which involves instructing your broker/CREST participant to convert your electronic holding back into a physical certificate. This is rarely done today.

 

 

Step 2: Instruct a broker

If you wish to sell your VCT shares, you can do so by using a broker. Shares in Molten Ventures VCT are traded on the main market of the LSE, so most brokers should be able to help you.

Although Elderstreet Investments Limited, as the appointed investment manager, cannot recommend a specific broker we understand that Redmayne Bentley have experience in selling VCT shares. They can be contacted on:

Redmayne Bentley

0800 5420055

york@redmayne.co.uk

 

Step 3: Your broker should contact Molten Ventures VCT’s Corporate Broker

Once instructed, your broker should contact Molten Ventures VCT’s Corporate Broker, Panmure Liberum (Panmure) who maintains a list of potential sellers to be contacted when the next buyback is undertaken by the Company. Inclusion on any list does not guarantee that the Company will conduct a buyback or that any trade will be executed, the size of any trade, timing, or price.

 

The contact at Panmure is:

Chris Lloyd

020 7886 2716 or 0208 7886 2717

chris.lloyd@panmureliberum.com

 

Note: No endorsement or recommendation is made with respect to specific brokers. The investment manager does not assume any responsibility for any decision made or action taken based on the above information.