Molten Ventures Plc (GROW; GRW)
Director/PDMR Shareholding
26-Jun-2023 / 14:00 GMT/BST
MOLTEN VENTURES PLC ("Molten Ventures" or the "Company") Grant of Options to Persons Discharging Managerial Responsibility ("PDMR") 2023 Awards On 23 June 2023, Molten Ventures PLC (LSE: GROW, Euronext Dublin: GRW) granted options over ordinary shares with a nominal value of 1p each in the share capital of the Company ("Ordinary Shares") pursuant to the Company's 2021 Long-Term Incentive Plan ("LTIP"), in respect of the 2023 financial year (“2023 Options”) to the PDMRs set out in the table below: PDMR | LTIP Options awarded | Martin Davies | 471,383 | Stuart Chapman | 324,014 | Ben Wilkinson | 317,182 |
The 2023 Options awarded under the LTIP are subject to LTIP performance conditions which are disclosed in the Company's Annual Report and Accounts for the year ended 31 March 2023 ("Annual Report"), published on 15 June 2023 (a copy of which is available at www.moltenventures.com). Top-Up Awards On 17 June 2022, the Company granted a number of options under the LTIP and Deferred Bonus Plan (“DBP”) (the "2022 Options"). The 2022 Options were announced to the market via RNS number 3758P (the “Original Notification”). It was subsequently noted that there had been an administrative error in calculating the number of Ordinary Shares comprised in each of the 2022 Options such that the participants had received fewer Ordinary Shares than they should have. As such a number of “top-up” awards have been granted (“Top-Up Awards”) over a total of 157,511 Ordinary Shares, as set out in the table below. The Top-Up Awards have been granted on the same basis as the original 2022 Options to which they relate, details of which were also included in the Original Notification. LTIP | No. of Ordinary Shares that should have been awarded | No. of Ordinary Shares that were awarded | 'Top-Up' Award | | | | | Martin Davis | 278,387 | 230,319 | 48,068 | Stuart Chapman | 191,355 | 158,314 | 33,041 | Ben Wilkinson | 187,320 | 154,976 | 32,344 | | | | | DBP | No. of Ordinary Shares that should have been awarded | No. of Ordinary Shares that were awarded | 'Top-Up' Award | | | | | Martin Davis | 108,111 | 89,444 | 18,667 | Stuart Chapman | 74,312 | 61,481 | 12,831 | Ben Wilkinson | 72,745 | 60,185 | 12,560 |
The notifications set out in the Annex below, were made in accordance with the requirements of the UK Market Abuse Regulation, provide further details of such transactions. ANNEX 1 | Details of the person discharging managerial responsibilities / person closely associated | a) | Name | Martin Davis | 2 | Reason for the notification | a) | Position / status | Chief Executive Officer | b) | Initial notification / amendment | Initial notification | 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | a) | Name | Molten Ventures plc | b) | LEI | 213800IPCR3SAYJWSW10 | 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | a) | Description of financial instrument, type of instrument | Options over ordinary shares of 1p each with an exercise price of one pence per share | | Identification Code | GB00BY7QYJ50 | b) | Nature of the transaction | Issue of options | c) | Price(s) and volume(s) | Price(s) | Volume(s) | n/a | 471,383 | d) | Aggregated information | n/a | e) | Date of the transaction | 23 June 2023 | f) | Place of the transaction | XOFF |
1 | Details of the person discharging managerial responsibilities / person closely associated | a) | Name | Martin Davis | 2 | Reason for the notification | a) | Position / status | Chief Executive Officer | b) | Initial notification / amendment | Initial notification | 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | a) | Name | Molten Ventures plc | b) | LEI | 213800IPCR3SAYJWSW10 | 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | a) | Description of financial instrument, type of instrument | Options over ordinary shares of 1p each with an exercise price of one pence per share | | Identification Code | GB00BY7QYJ50 | b) | Nature of the transaction | Issue of options | c) | Price(s) and volume(s) | Price(s) | Volume(s) | n/a | 48,068 | | | n/a | 18,667 | d) | Aggregated information | 66,735 |
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