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Molten Ventures ( (GB:GROW) ) has shared an update.
Molten Ventures plc has announced a transaction in its own shares, where Numis Securities Limited, trading as Deutsche Numis, purchased 50,000 ordinary shares on behalf of the company as part of a share repurchase program. This transaction, conducted at a volume-weighted average price of 341.3238p per share, impacts the company’s issued share capital, which now totals 189,046,450 ordinary shares, and adjusts the number of voting rights to 185,603,291. This share buyback program is a strategic move that could influence shareholder value and market perception.
More about Molten Ventures
Molten Ventures is a leading venture capital firm in Europe, focusing on the development and investment in high-growth technology companies. The company invests in four key sectors: Enterprise & SaaS, AI, Deeptech & Hardware, Consumer, and Digital Health & Wellness. Molten Ventures provides public market investors with access to fast-growing tech businesses, facilitating liquidity without long-term commitments. Since its IPO in June 2016, it has invested over £1bn into tech companies and realized over £600m by September 2024.
YTD Price Performance: 5.17%
Average Trading Volume: 462,861
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £633.6M
For an in-depth examination of GROW stock, go to TipRanks’ Stock Analysis page.
