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Molten Ventures PLC on Wednesday said it will expand its share buyback programme to try to narrow the share price discount to net asset value. The London-based venture capital firm committed an additional £15 million to the ongoing £5 million share repurchase programme at an investor day on Wednesday. The company said it goes beyond the 10% of realisation proceeds set out in its capital allocation policy by doubling the £15 million that had already been committed. It said it expects to commit further capital to share buybacks if the discount to net asset value persists. Chief Executive Officer Ben Wilkinson said: ‘The board’s commitment today to expand the share repurchase programme is in further recognition of the discount to asset value at which we are trading and takes advantage of the significant returns we have generated from realisations this year. Our strong capital position allows us to do this while retaining firepower to invest at a promising time for value creation.’ Molten Ventures said it would not pursue equity fundraises for the foreseeable future due the realisation profile of its portfolio, but aims to preserve a strong balance sheet to allow it ‘to quickly capture opportunities and be active in the marketplace’. The CEO said Molten would refocus on its ‘core business’ of Series A and B investments. Wilkinson said: ‘We have realised over £150 million this financial year bringing our total realisations to over £640 million. We are focused on portfolio development and facilitating a pipeline of realisations, which puts us in a fantastic position to continue investing through cycles to create strong vintage performance. ‘We are well positioned to take advantage of the current need for more investment at Series B in Europe and my strategic priorities aim to deploy our experienced investment team and strong financial position to the best effect possible, while always exercising discipline in capital allocation.’ Molten Ventures shares were up 5.2% to 324.50 pence in London on Wednesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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