Molten Ventures to Delist from Euronext Dublin
Why we think this is good
The RNS announcement indicates that Molten Ventures is delisting its ordinary shares from Euronext Dublin, while remaining listed on the Main Market of the London Stock Exchange. This move is expected to simplify compliance and regulatory obligations for the company and reduce central costs. The delisting is subject to the approval of Euronext Dublin and is anticipated to take effect on or around 19 May 2025. Molten Ventures remains committed to the Irish market, having launched an Irish-focused fund in 2023. Overall, the delisting appears to be a strategic decision to streamline the company's operations, which could have a positive financial impact, but does not represent a transformational event that would warrant a "Very Good" sentiment score.
Key Points
- Molten Ventures to delist ordinary shares from Euronext Dublin
- Delisting subject to approval of Euronext Dublin
- Delisting anticipated to take effect on or around 19 May 2025
- Molten Ventures to remain listed on London Stock Exchange Main Market
- Delisting expected to simplify compliance and reduce central costs
- Molten Ventures remains committed to Irish market with launch of Irish-focused fund in 2023
Summary
Molten Ventures Plc (GROW) has announced its intention to delist its ordinary shares from the Official List of Euronext Dublin. The company will continue to remain listed on the Main Market of the London Stock Exchange. The delisting is expected to simplify compliance and regulatory obligations for Molten Ventures and reduce central costs. Molten Ventures remains committed to the Irish market, having launched an Irish-focused fund in 2023.