REG - Seed Innovations Ltd - Director/PDMR Shareholding

Seed InnovationsAnnouncement

19/01/2024 18:30

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RNS Number : 3632A  Seed Innovations Limited  19 January 2024

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

19 January 2024

SEED Innovations Limited

("SEED" or the "Company")

Director Dealings

SEED Innovations Ltd, the AIM-quoted company investment company providing
shareholders with exposure to early-stage health, wellness and medical
cannabis companies to which, in normal circumstances, they have limited access
to, announces that Ed McDermott, Chief Executive Officer, has today purchased
 4,675,000 ordinary shares of £0.01p ("Ordinary Shares') at a price of 2
pence per Ordinary Share from his Nominee Account into his Individual Savings
Account ("ISA") account,  under a process kown as 'Bed and ISA'.

Following this transaction, Ed McDermott's stake in the company remains the
same with 4,680,000 Ordinary Shares, 4,675,000 in his ISA and 5,000 in his
Nominee Account, representing approximately 2.25 per cent of the Company's
voting rights.

Further details of the share purchase are set out below in the PDMR form which
has been made in accordance with the Market Abuse Regulation (EU) no.596/2014
which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

PDMR Notifications

 

Notification of Transactions of Persons Discharging Managerial Responsibility
and Persons Closely Associated with them:

 

 1.                          Details of the person discharging managerial responsibilities / person closely
                             associated
 a.                          Name                                                                        Ed McDermott
 2.                          Reason for the notification
 a.                          Position/status                                                              Chief Executive Officer
 b.                          Initial notification/Amendment                                              Initial Notification
 3.                          Details of the issuer, emission allowance market participant, auction
                             platform, auctioneer or auction monitor
 a.                          Name                                                                        SEED Innovations Limited
 b.                          LEI
 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
 a.                          Description of the Financial instrument, type of instrument Identification  Ordinary Shares of £0.01 each
                             code

 b.                          Nature of the transaction                                                   Purchase of Ordinary Shares
 c.                          Price(s) and volume(s)                                                      Price(s)  Volume(s)
                                                                                                         2p        4,675,000

 
 d.                          Aggregated information

                             ·Aggregated volume

                             ·Price
 e.                          Date of the transaction                                                     19 January 2024
 f.                          Place of the transaction                                                    London Stock Exchange's AIM Market

 

d.

Aggregated information

·Aggregated volume

·Price

 

 

e.

Date of the transaction

19 January 2024

f.

Place of the transaction

London Stock Exchange's AIM Market

 

-Ends-

For further information on the Company please visit:  www.seedinnovations.co
(http://www.seedinnovations.com/) or contact:

 Ed McDermott      SEED Innovations Ltd         E: info@seedinnovations.co

 Lance de Jersey
 James Biddle      Beaumont Cornish Limited,    T: (0)20 7628 3396

 Roland Cornish    Nomad
 Isabella Pierre   Shard Capital Partners LLP   T: (0)20 7186 9927

 Damon Heath       Broker
 Ana Ribeiro       St Brides Partners Ltd,      E: seed@stbridespartners.co.uk

 Isabelle Morris   Financial PR

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

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