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.
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