REG - Seed Capital Sltns. - Issue of Warrants

Seed Capital SolutionsAnnouncement

24/03/2025 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250324:nRSX7637Ba&default-theme=true

RNS Number : 7637B  Seed Capital Solutions PLC  24 March 2025

24 March 2025

SEED CAPITAL SOLUTIONS PLC

(the "Company")

 

ISSUE OF WARRANTS

 

Seed Capital Solutions plc (LON: SCSP) announces that the Company has issued a
total of 17,000,000 warrants ("New Warrants") over ordinary shares of 0.25
pence each ("Ordinary Shares") to the Company's Directors and Company
Secretary, as detailed below.

 

 

 Name              Role                     Number of warrants held prior to the issue of the New Warrants  Number of New Warrants granted  Total warrants held following issue of New Warrants
 John Zorbas       Chief Executive Officer  -                                                               8,000,000                       8,000,000
 Damion Greef      Non-Executive Chairman   1,333,333                                                       4,000,000                       5,333,333
 Segar Karupiah    Chief Financial Officer  -                                                               2,000,000                       2,000,000
 Avi Robinson      Non-Executive Director   -                                                               2,000,000                       2,000,000
 Mike Hirschfield  Company Secretary        1,333,333                                                       1,000,000                       2,333,333

 

The New Warrants have an exercise price of 1 penny each, representing a 33.3%
premium over the closing mid-market price of Ordinary Shares on 21 March 2025,
the business day prior to the issue of the New Warrants.

 

The New Warrants have been issued under the Company's existing warrant scheme
and are exercisable at any time until 23 March 2030.

 

Following the issue of the New Warrants, the Company has a total of 25,313,532
warrants in issue.

 

 

- ENDS -

 

This announcement contains inside information for the purposes of article 7 of EU Regulation 596/2014
(which forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018) ("UK MAR").

 

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 Seed Capital Solutions plc                       Tel: +44 (0) 7976 431608
 Damion Greef, Chairman

 Brand Communications                             Tel: +44 (0) 7976 431608
 Public & Investor Relations
 Alan Green

 

ABOUT SEED CAPITAL SOLUTIONS PLC

 

Seed Capital Solutions plc (LON: SCSP) has been formed for the purpose of
acquiring a business or businesses operating in market sectors that can
display strong ESG credentials, thereby benefitting from the current trend of
superior performance and increased investor appetite.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEBGGDXIXDDGUX