REG - Seed Capital Sltns. - Notice of AGM

Seed Capital SolutionsAnnouncement

31/01/2025 18:15

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RNS Number : 5479V  Seed Capital Solutions PLC  31 January 2025

31 January 2025                          SEED CAPITAL
SOLUTIONS PLC

 

("Seed Capital", "SCSP" or the "Company")

 

Notice of AGM

 

Seed Capital Solutions plc, formed in December 2017, which operates as a
special purpose acquisitions company (SPAC) to undertake one or more
acquisitions of target companies or businesses, announces that the annual
general meeting of the members of the Company will be held at the office of
Axis Capital Markets Ltd, 73 Watling St, London, EC4M 9BJ at 1000 hrs (GMT) on
24TH February 2025 for the purpose of considering, and, if thought fit, pass
the following resolutions.

 

Resolutions 1 to 8 will be proposed as ordinary resolutions and resolutions 9
and 10 will be proposed as special resolutions.

 

Ordinary Resolutions

1.         To receive the accounts and reports for the financial
period ended 30 June 2024.

2.         To approve the Directors' remuneration report in the form
set out in the Company's annual report and accounts for the year ended 30 June
2024.

3.         To re-elect Damion Greef, who is retiring by rotation as a
director of the Company.

4.         To re-elect Avi Robinson, who is retiring having been
appointed by the directors of the Company since the last General Meeting and
who being eligible offers himself for election as a director of the Company.

5.         To reappoint Haysmacintyre LLP as auditors of the Company
and to authorise the directors to fix their remuneration.

6.         That the Company be authorised, subject to and in
accordance with the provisions of the Companies Act 2006, to send, convey or
supply all types of notices, documents or information to Shareholders by
electronic means, including making such notices, documents or information
available on a website.

7.         That the Company, not having not yet announced an
acquisition, should extend the period for identification of a suitable
acquisition by a period of a further 12 months to 31 March 2026.

8.         That, in accordance with section 551 Companies Act 2006 (CA
2006), the directors of the Company are generally and unconditionally
authorised, in addition to any previous authorities, which shall continue to
apply, to allot Relevant Securities (as defined in this resolution) comprising
equity securities (as defined in section 560 CA 2006) up to an aggregate
nominal amount of £500,000 (five hundred thousand pounds), such authority,
unless previously revoked or varied by the Company in general meeting, to
expire on 30 June 2025 or, if earlier, the date of the Company's next annual
general meeting, except that the directors of the Company may allot relevant
securities pursuant to an offer or agreement made before the expiry of the
authority. In this notice, Relevant Securities means any shares in the capital
of the Company and the grant of any right to subscribe for, or convert any
security into, shares in the capital of the Company.

 

Special Resolutions

9.         That, under section 570 CA 2006, the directors of the
Company are authorised, in addition to any previous authorities, which shall
continue to apply, to allot equity securities, as defined in section 560 CA
2006, wholly for cash for the period commencing on the date of this resolution
and expiring on the date of the Company's next annual general meeting, as if
section 561 CA 2006 did not apply to such allotment, except that the directors
of the Company may allot relevant securities following an offer or agreement
made before the expiry of the authority and provided that the authority is
limited to:

9.1       the allotment of equity securities in connection with a rights
issue in favour of ordinary shareholders where their holdings are
proportionate, as nearly as possible, to the respective number of ordinary
shares held, or deemed to be held, by them, but subject to any exclusions or
arrangements the directors think necessary or expedient for the purpose of
dealing with fractional entitlements or legal or practical problems under the
laws of any territory or the requirements of any recognised regulatory body or
stock exchange in any territory;

9.2       the allotment of equity securities in connection with the
issue of up to 8,313,532 shares in respect of the exercise of shares granted
under warrants; and

9.3       the allotment of equity securities, otherwise than in
accordance with paragraphs 9.1 and 9.2, up to a maximum nominal value of
£125,000 (one hundred and twenty-five thousand pounds).

 

By order of the board

 

- ENDS -

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

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

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

 

ABOUT SEED CAPITAL SOLUTIONS PLC

 

Seed Capital Solutions Plc (LON: SCSP) is a Special Purpose Acquisition
Vehicle (SPAC), which operates 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.

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