Overview
Molten Ventures VCT typically makes investments in a diversified portfolio of companies, focusing on smaller, unquoted, technology-enabled early-stage businesses. Formerly known as Draper Esprit VCT plc (previously Elderstreet Draper Esprit VCT plc, Elderstreet VCT plc and Elderstreet Downing VCT plc), the VCT is managed by Elderstreet Investments Limited (which is now part of the Molten Ventures Group) and administered by Downing LLP.
In 2007, Elderstreet Millennium Venture Capital Trust plc merged with the Company. Elderstreet Millennium VCT shares converted at a ratio of 0.381.
On 25 September 2012, the Company undertook an Enhanced Share Buyback scheme.
Please note that share certificates in any of the Company's previous names remain valid.
Information about the Company can also be found on the Molten Ventures website at:
https://investors.moltenventures.com/investor-relations/vct
Additional information
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Current NAV and total returns
Share class NAV date NAV Total return Notes Ordinary shares 31 December 2021 61.2p * 171.7p * adjusted for dividend of 1.5p per share paid on 28 Jan 2022 -
Share prices
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Forthcoming Dividends
No dividends announced currently.
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Dividend history
Ordinary Shares
Date Paid Type Pence per share 01/08/1998 Interim 1.00 01/04/1999 Interim 2.00 15/10/1999 Interim 1.50 03/07/2000 Final 1.00 03/11/2000 Interim 10.00 19/06/2001 Final 2.00 28/09/2001 Interim 1.50 02/05/2002 Final 2.00 27/09/2002 Interim 1.50 06/05/2003 Final 2.00 16/10/2003 Interim 1.00 19/06/2004 Final 1.00 08/10/2004 Interim 1.00 21/06/2005 Final 2.00 27/06/2006 Final 2.00 15/06/2007 Final 3.50 05/10/2007 Interim 1.50 17/06/2008 Final 3.50 26/09/2008 Interim 3.00 12/06/2009 Final 1.00 09/10/2009 Interim 2.00 23/06/2010 Final 2.00 08/10/2010 Interim 2.00 06/07/2011 Final 2.00 02/12/2011 Interim 2.00 22/06/2012 Final 2.00 07/12/2012 Interim 2.00 28/06/2013 Final 2.00 06/12/2013 Interim 2.00 30/06/2014 Final 2.00 19/09/2014 Special 15.00 12/12/2014 Interim 2.00 29/05/2015 Second interim 2.50 30/06/2015 Special 5.00 11/12/2015 Interim 2.50 30/06/2016 Interim 2.50 16/12/2016 Interim 2.50 30/06/2017 Final 1.50 29/09/2017 Interim 1.50 12/10/2018 Final 1.50 29/03/2019 Interim 1.50 25/10/2019 Final 1.50 27/03/2020 Interim 1.50 23/10/2020 Final 1.50 26/03/2021 Interim 1.00 17/09/2021 Final 1.50 28/01/2022 Interim 1.50 Total 110.50 -
Dividend Reinvestment Scheme
A Dividend Reinvestment Scheme has been introduced commencing for dividends paid after 31 March 2022.
Terms and conditions for the Dividend Reinvestment Scheme can be found here.If you wish to enrol in the Dividend Reinvestment Scheme, please complete and submit the Dividend Reinvestment Mandate form. This can also be done on the Investor Hub:
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Share buybacks
Molten Ventures VCT operates a policy of buying in shares that become available in the market at a price approximately equal to a 5% discount to the most recently announced NAV, subject to regulatory, liquidity and other considerations and allowing for stamp duty that may be incurred by the Company.
Details of how to sell your VCT shares can be found at this link.
If you are considering selling your shares, the VCT’s Corporate Broker, Panmure Gordon (UK) Limited (“Panmure”) can provide details of closed periods and the likely timing of when buybacks will take place. Panmure can be contacted as follows:
Chris Lloyd
020 7886 2716
chris.lloyd@panmure.comPaul Nolan
020 7886 2717
paul.nolan@panmure.com -
Directors
- David Brock (Chairman)
- Hugh Aldous
- Nicholas Lewis
- Richard Marsh
- Grant Whitehouse (Company Secretary)
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Announcements
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Share Registrars
With effect from 1 April 2021, Draper Esprit VCT plc's share registrar is:
The City Partnership (UK) Limited
The Mending Rooms
Park Valley Mills
Meltham Road
Huddersfield
HD4 7BHEmail: registrars@city.uk.com
Tel: 01484 240 910Shareholders can view their holding and amend their details by registering for the City Hub at:
https://draper-esprit-vct.cityhub.uk.com/To register, shareholders will require an investor access token. This will be found on any new share certificates that are issued and on dividend confirmations going forward. Investors can also request this by contacting The City Partnership using the above details.
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Unsolicited telephone calls
If you have received an unsolicited telephone call from somebody seeking to buy your VCT shares please visit our Boiler Room Scams page for more details.
We're here to help
If you are a financial adviser, or discretionary fund manager please call us on 020 7630 3319 or email us at sales@downing.co.uk.
If you are a private investor please call us on 020 7416 7780 or email customer@downing.co.uk.
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You should always read the associated risks before deciding whether to invest. These can be found on the product pages as well as in our risks overview.
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