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RNS Number : 3179Y Seed Capital Solutions PLC 26 March 2026
26 March 2026
SEED CAPITAL SOLUTIONS PLC
("Seed Capital", "SCSP" or the "Company")
Update on Proposed Acquisition of the issued share capital of
Cuarta Dimension Medica SL
and
Intention to seek Admission to Trading on AIM
As previously notified in the half-year report published on 9 March 2026, the
Company continues to work towards finalising the documentation required for
the proposed acquisition of Cuarta Dimension Medica SL ("4DM") in exchange
for the issue of new ordinary shares in the Company ("Proposed Acquisition").
Subject to completion of the Proposed Acquisition, the enlarged Group will
operate as a leading AI-driven medical diagnostics business, initially focused
on the veterinary sector with scope to expand into the wider healthcare
market.
The transaction documentation required to complete the Proposed Acquisition is
well progressed and in certain instances substantially complete. The audit of
4DM for the year ended 31 December 2025 is underway and the Company expects
that this should be completed towards the end of April, enabling the Company
to finalise its Admission Document shortly thereafter.
The Proposed Acquisition is an Initial Transaction under UK Listing Rule
13.2.1 and accordingly, at the request of the Company, the FCA on 28 May 2025
suspended the Company's listing on the Official List and trading on the Main
Market of the London Stock Exchange was also been suspended, pending the
publication of further details on 4DM and the enlarged Company or an
announcement that the Initial Transaction is not proceeding.
In conjunction with the Proposed Acquisition, the Company intends in due
course to request the cancellation of the listing of its ordinary shares on
the FCA's Official List and to cease trading on the London Stock Exchange's
main market for listed securities (together, the "Cancellation"). Instead, the
Company intends to apply for its enlarged issued share capital to be admitted
to trading on AIM ("Admission").
Pursuant to UK Listing Rule 21.2.17R, the Company must give at least 20
business days' notice of the intended Cancellation and the Company plans to
notify during April the proposed date the Cancellation is expected to become
effective, being the anticipated completion date for the Proposed Acquisition
and Admission. The Company will update shareholders in due course once the
timetable for Cancellation is confirmed.
The Proposed Acquisition will require the Company to convene a general meeting
of its shareholders, which it also intends to update shareholders about soon.
While matters relating to the Proposed Acquisition and Admission are at an
advanced stage, shareholders should note that there remain several matters
upon which completion of the Proposed Acquisition and Admission is
conditional, including, amongst other things, completion of the audit of 4DM
and the associated fundraise. Accordingly, there can be no certainty that the
Proposed Acquisition and Admission will proceed. If the Proposed Acquisition
and Admission do not proceed, the Company intends to withdraw any notice of
Cancellation.
The information contained within this announcement is deemed by the Company to
constitute 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"). Upon the publication of this announcement
via a Regulatory Information Service, this information is considered to be in
the public domain.
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT:
Seed Capital Solutions plc
Chairman Damion Greef Tel: +44 (0)1535 647 479
Website: https://seedcapitalsolutionsplc.com/
Brand Communications
Public & Investor Relations Tel: +44 (0) 7976 431608
Alan Green
Beaumont Cornish Limited Tel: +44 (0) 207 628 3396
Sponsor and Financial Adviser
Roland Cornish, Michael Cornish
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.
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. END ACQSEFFDMEMSEDD
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