Molten Ventures VCT plc (formerly Draper Esprit VCT plc)

Shareholder information

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  

Other documents

Additional information

  • Current NAV and total returns
    Share classNAV dateNAVTotal returnNotes
    Ordinary shares31 December 202161.2p *171.7p* adjusted for dividend of 1.5p per share paid on 28 Jan 2022
  • Share prices
  • Forthcoming Dividends

    No dividends announced currently.

  • Dividend history

    Ordinary Shares

    Date PaidTypePence per share
    01/08/1998Interim1.00
    01/04/1999Interim2.00
    15/10/1999Interim1.50
    03/07/2000Final1.00
    03/11/2000Interim10.00
    19/06/2001Final2.00
    28/09/2001Interim1.50
    02/05/2002Final2.00
    27/09/2002Interim1.50
    06/05/2003Final2.00
    16/10/2003Interim1.00
    19/06/2004Final1.00
    08/10/2004Interim1.00
    21/06/2005Final2.00
    27/06/2006Final2.00
    15/06/2007Final3.50
    05/10/2007Interim1.50
    17/06/2008Final3.50
    26/09/2008Interim3.00
    12/06/2009Final1.00
    09/10/2009Interim2.00
    23/06/2010Final2.00
    08/10/2010Interim2.00
    06/07/2011Final2.00
    02/12/2011Interim2.00
    22/06/2012Final2.00
    07/12/2012Interim2.00
    28/06/2013Final2.00
    06/12/2013Interim2.00
    30/06/2014Final2.00
    19/09/2014Special15.00
    12/12/2014Interim2.00
    29/05/2015Second interim2.50
    30/06/2015Special5.00
    11/12/2015Interim2.50
    30/06/2016Interim2.50
    16/12/2016Interim2.50
    30/06/2017Final1.50
    29/09/2017Interim1.50
    12/10/2018Final1.50
    29/03/2019Interim1.50
    25/10/2019Final1.50
    27/03/2020Interim1.50
    23/10/2020Final1.50
    26/03/2021Interim1.00
    17/09/2021Final1.50
    28/01/2022Interim1.50

    Total110.50



  • 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:

    molten-ventures-vct.cityhub.uk.com

  • 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.com

    Paul Nolan
    020 7886 2717
    paul.nolan@panmure.com


  • Directors
    • David Brock (Chairman)
    • Hugh Aldous
    • Nicholas Lewis
    • Richard Marsh
    • Grant Whitehouse (Company Secretary)
  • Announcements
  • 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 7BH

    Email: registrars@city.uk.com
    Tel: 01484 240 910

    Shareholders 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.

  • 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.