REG - Seed Innovations Ltd - Director/PDMR Shareholding

Seed InnovationsAnnouncement

02/09/2024 12:45

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RNS Number : 5590C  Seed Innovations Limited  02 September 2024

2 September 2024

SEED Innovations Limited

("SEED" or the "Company")

 

Director Share Purchase

 

SEED Innovations Ltd, the AIM-quoted investment company offering exposure to
disruptive, high-growth, life sciences and technology ventures typically
inaccessible to everyday investors, is pleased to announce it has been
informed today that on 2 September 2024, Ed McDermott, Chief Executive Officer
at SEED, purchased a further 1,450,000 ordinary shares in the Company at an
average price of 1.50p per share. Following this purchase Mr McDermott has a
beneficial interest of 6,130,000 shares representing 3.18% of the issued share
capital of the Company.

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018 (as amended).

- Ends -

 

For further information visit: www.seedinnovations.co or contact:

 

  Ed McDermott       SEED Innovations Ltd          info@seedinnovations.co  

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

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

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

 Isabel de Salis     Financial PR

 Seb Weller

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities 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 at SEED Innovations Limited

 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                                                          213800KV6ETTB1BRZ435

 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  Ordinary Shares

      Identification code                                          GG00BRK9BQ81

 b)   Nature of the transaction                                    On market purchase of shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     1.54p             150,000
                                                                                     1.474p            500,000
                                                                                     1.47p             250,000
                                                                                     1.523p            500,000
                                                                                     1.5475p           50,000

 d)   Aggregated information

      - Aggregated volume                                          1,450,000 Ordinary Shares

      - Price                                                      £21,743.75

 e)   Date of the transaction                                      2 September 2024

 f)   Place of the transaction                                     London Stock Exchange

 

 

 

TR-1: Standard form for notification of major holdings

 

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 FCA in Microsoft Word format if possible) (i)

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    SEED Innovations Limited
 which voting rights are attached (ii):
 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an
 "X" if appropriate)
 Non-UK issuer
 2. Reason for the notification (please mark the appropriate box or boxes with
 an "X")
 An acquisition or disposal of voting rights
 An acquisition or disposal of financial instruments                                                                                                                                                                                                       X
 An event changing the breakdown of voting rights
 Other (please specify) (iii):
 3. Details of person subject to the notification obligation (iv)
 Name                                                                                                                                                         Edward McDermott
 City and country of registered office (if applicable)                                                                                                        London
 4. Full name of shareholder(s) (if different from 3.) (v)
 Name
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached (vi):                                                                                                  2 September 2024
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               02/09/ 2024
 7. Total positions of person(s) subject to the notification obligation
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments      Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer (8.A + 8.B) (vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  3.177%                                                                                                                                       6,130,000
 Position of previous notification (if                                      n/a

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached (viii)
 A: Voting rights attached to shares
 Class/type of                                  Number of voting rights (ix)                                              % of voting rights

shares

 ISIN code (if possible)
                                                Direct                    Indirect                                        Direct                                           Indirect

                                                (DTR5.1)                   (DTR5.2.1)                                     (DTR5.1)                                         (DTR5.2.1)
 GG00BRK9BQ81                                   6,130,000                 0                                               3.177%                                           0

 SUBTOTAL 8. A                                  6,130,000                                                                 3.177%

 B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 Type of financial instrument                   Expiration  Exercise/                             Number of voting rights that may be acquired if the instrument is        % of voting rights

date (x)
Conversion Period (xi)

                                                                                                  exercised/converted.

                                                            SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument  Expiration                   Exercise/                   Physical or cash                                          Number of voting rights  % of voting rights

date (x)
Conversion Period (xi)

                                                                                        Settlement (xii)

                                                                                        SUBTOTAL 8.B.2

 

 9. Information in relation to the person subject to the notification
 obligation (please mark the

 applicable box with an "X")
 Person subject to the notification obligation is not controlled by any natural
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer (xiii)
 Full chain of controlled undertakings through which the voting rights and/or
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary) (xiv)
 Name (xv)                   % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                         than the notifiable threshold
 Ed McDermott                3.177%

 10. In case of proxy voting, please identify:
 Name of the proxy holder
 The number and % of voting rights held
 The date until which the voting rights will be held

 11. Additional information (xvi)

 

 Place of completion  London
 Date of completion   2 September 2024

 

 

Notes

Seed Innovations Ltd is an AIM quoted investment company offering exposure to
disruptive, high-growth, life sciences and technology ventures typically
inaccessible to everyday investors. Its strategy focuses on identifying
early-stage opportunities with upcoming investment catalysts, alongside more
mature investments providing near-term liquidity. With a portfolio of such
investments and cash reserves, the company is agile and poised to capitalise
swiftly on new investment opportunities.

 

 

 

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