REG - Seed Innovations Ltd - Director Share Purchases

Seed InnovationsAnnouncement

14/12/2022 16:15

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RNS Number : 7441J  Seed Innovations Limited  14 December 2022

14 December 2022

SEED Innovations Limited

("SEED" or the "Company")

Director Share Purchases

SEED Innovations Ltd, the AIM-quoted company investing in fast-growing and
industry-leading businesses with a focus on the medical cannabis, health, and
wellness space, is pleased to announce it has been informed today that on 13
December 2022, Ian Burns, Chairman of SEED, purchased 100,000 ordinary shares
in the Company and Ed McDermott, CEO, purchased 3,425,000 ordinary shares in
the Company. The Company has also been informed that today Ian Burns purchased
a further 200,000 ordinary shares in the Company.

The following cumulative share purchases were made:

 DIRECTOR      POSITION  ORDINARY SHARES PURCHASED  WEIGHTED AVERAGE PRICE PER ORDINARY SHARE  TOTAL BENEFICIAL INTEREST  % ISSUED SHARE CAPITAL
 Ian Burns     Chairman  300,000                    2.57p                                      1,674,024(*)               0.79
 Ed McDermott  CEO       3,425,000                  2.52p                                      3,425,000                  1.61

*Held through Smoke Rise Holdings Limited of which Mr Burns is the legal and
beneficial holder

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

 

 Ed McDermott       SEED Innovations Ltd         E:  info@seedinnovations.co (mailto: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
 Catherine Leftley  St Brides Partners Ltd,      E:  info@stbridespartners.co.uk (mailto:info@stbridespartners.co.uk)

 Isabelle Morris    Financial PR

 Max Bennett

 

Details of the full notifications received by the Company are set out below:

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                                                         Ian Burns

 2    Reason for the notification

 a)   Position/status                                              Chairman of 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)
                                                                                     2.57p             300,000

 d)   Aggregated information

      - Aggregated volume                                          Price (s)  Volume (s)
                                                                   2.35875p   100,000
                                                                   2.67375p   200,000

      - Price

 e)   Date of the transaction                                      13 and 14 December 2022

 f)   Place of the transaction                                     London Stock Exchange

- Price

e)

 

Date of the transaction

 

 

13 and 14 December 2022

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 

 

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Ed McDermott

 2    Reason for the notification

 a)   Position/status                                              CEO of 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)
                                                                                     2.52p             3,425,000

 d)   Aggregated information

      - Aggregated volume                                          N/A Single transaction

      - Price

 e)   Date of the transaction                                      13 December 2022

 f)   Place of the transaction                                     London Stock Exchange

 

 

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