Benjamin Wilkinson
CEO & Non-Independent Executive Director
Good morning, everybody. Thanks for joining us for Molten Ventures interim results. This is the results for the 6 months to the end of September, and we’ll take you through key movements in the portfolio. We’ve moved with the trading statement at the end of October and then now giving you the final numbers here. Today, you will be spoken to by myself, CEO, Ben Wilkinson; and also our CFO, Andrew Zimmermann, who will take you through the financial highlights. I’ll just give a quick introduction, a reminder to Molten, and then we’ll get into the numbers.
So Molten Ventures is actually, next year, celebrating our 20th anniversary as a firm and has been listed since 2016. The benefit of that is obviously that we can get to show the model working over time. And I think here in these results, you’ll see the breadth of the portfolio and the demonstration of that vintage creation that’s been happening over these many years, 80-plus portfolio companies in the portfolio. And when we look at the PLC numbers here today, that’s what we’ll be talking to, but also we manage EIS and VCT funds alongside. So the capital pool is an important function and driver of our model and how we address the market.
On the right-hand side, you can see the important factors. We’ve targeted 20% annual growth in the portfolio fair value, and that’s — we call that through the
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