2 September 2024
SEED Innovations Limited
("SEED" or the "Company")
Director Share Purchase
SEED Innovations Ltd, the AIM-quoted investment company offering exposure to disruptive, high-growth, life sciences and technology ventures typically inaccessible to everyday investors, is pleased to announce it has been informed today that on 2 September 2024, Ed McDermott, Chief Executive Officer at SEED, purchased a further 1,450,000 ordinary shares in the Company at an average price of 1.50p per share. Following this purchase Mr McDermott has a beneficial interest of 6,130,000 shares representing 3.18% of the issued share capital of the Company.
This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).
- Ends -
For further information visit: www.seedinnovations.co or contact:
| Ed McDermott Lance de Jersey | SEED Innovations Ltd | info@seedinnovations.co |
| James Biddle Roland Cornish | Beaumont Cornish Limited Nomad | (0)20 7628 3396 |
| Isabella Pierre Damon Heath | Shard Capital Partners LLP Broker | (0)20 7186 9927 |
| Ana Ribeiro Isabel de Salis Seb Weller | St Brides Partners Ltd Financial PR | seed@stbridespartners.co.uk |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1
| Details of the person discharging managerial responsibilities / person closely associated
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| a)
| Name
| Ed McDermott | |||
| 2
| Reason for the notification
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| a)
| Position/status
| Chief Executive Officer at SEED Innovations Limited
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| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| a)
| Name
| SEED INNOVATIONS LIMITED
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| b)
| LEI
| 213800KV6ETTB1BRZ435 | |||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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| a)
| Description of the financial instrument, type of instrument | Ordinary Shares | |||
| | | ||||
| Identification code | GG00BRK9BQ81 | ||||
| | | ||||
| b)
| Nature of the transaction
| On market purchase of shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 1.54p | 150,000 | | |
| | | 1.474p | 500,000 | | |
| | | 1.47p | 250,000 | | |
| | | 1.523p | 500,000 | | |
| | | 1.5475p | 50,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
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| - Aggregated volume | 1,450,000 Ordinary Shares | ||||
| | | ||||
| - Price | £21,743.75 | ||||
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| e)
| Date of the transaction
| 2 September 2024 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i | ||||||
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| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: | SEED Innovations Limited | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer |
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| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights |
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| An acquisition or disposal of financial instruments | X | |||||
| An event changing the breakdown of voting rights |
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| Other (please specify) iii: |
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| 3. Details of person subject to the notification obligation iv | ||||||
| Name | Edward McDermott | |||||
| City and country of registered office (if applicable) | London | |||||
| 4. Full name of shareholder(s) (if different from 3.) v | ||||||
| Name |
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| City and country of registered office (if applicable) |
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| 5. Date on which the threshold was crossed or reached vi: | 2 September 2024 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 02/09/ 2024 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
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| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) vii | ||
| Resulting situation on the date on which threshold was crossed or reached | 3.177% |
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| 6,130,000 | ||
| Position of previous notification (if applicable) | n/a |
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| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of ISIN code (if possible) | Number of voting rights ix | % of voting rights | |||||||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | ||||||
| GG00BRK9BQ81 | 6,130,000 | 0 | 3.177% | 0 | |||||
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| SUBTOTAL 8. A | 6,130,000 | 3.177% | |||||||
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| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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| SUBTOTAL 8. B 1 |
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| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Physical or cash Settlement xii | Number of voting rights | % of voting rights | ||||
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| SUBTOTAL 8.B.2 |
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| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii |
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| Full chain of controlled undertakings through which the voting rights and/or the |
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| Name xv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| Ed McDermott | 3.177% |
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| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder |
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| The number and % of voting rights held |
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| The date until which the voting rights will be held |
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| 11. Additional information xvi | ||||
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| Place of completion | London |
| Date of completion | 2 September 2024 |
Notes
Seed Innovations Ltd is an AIM quoted investment company offering exposure to disruptive, high-growth, life sciences and technology ventures typically inaccessible to everyday investors. Its strategy focuses on identifying early-stage opportunities with upcoming investment catalysts, alongside more mature investments providing near-term liquidity. With a portfolio of such investments and cash reserves, the company is agile and poised to capitalise swiftly on new investment opportunities.
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