REG - Seed Innovations Ltd - Directorship Changes

Seed InnovationsAnnouncement

14/08/2025 07:00

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RNS Number : 2509V  Seed Innovations Limited  14 August 2025

Seed Innovations Ltd / AIM: SEED / Sector: Closed End Investments

14 August 2025

SEED Innovations Limited

("SEED" or the "Company")

 

Directorship Changes

 

SEED Innovations Ltd, the AIM-quoted investment company, announces that, as
part of an agreed strategic change outlined in the announcement dated 18 July
2025 and detailed in the accompanying Shareholder Circular (the "Circular"),
Ed McDermott and Alfredo Pascual have stepped down from the Board with
immediate effect following the passing of all resolutions at the AGM.

 

As also detailed in the Circular, and subject to completion of the standard
regulatory approvals, Jim Mellon and Denham Eke will be appointed as
Non-Executive Chairman and Non-Executive Director, respectively. A further
announcement will be made upon their appointments. Both Ed and Alfredo will
remain available to the Company for a transitional period of up to six months
to support the management of the existing investment portfolio and effect an
orderly handover to the incoming directors.

 

Luke Cairns, Interim Chair, commented: "On behalf of the Board, I would like
to thank Ed and Alfredo for their commitment and contribution to SEED over the
years. They step down as directors leaving the Company with a solid investment
portfolio and strong cash position for the new board to build upon and to take
SEED into its next chapter. I look forward to continuing working with them
during this period of transition and on behalf of the board wish them both
well in their future endeavours. In the meantime, we look forward to
implementing our new investing policy, welcoming Jim and Denham onto the board
in the near future and providing further updates as and when appropriate."

 

ENDS

 

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

 

 Lance de Jersey    SEED Innovations Ltd             E: info@seedinnovations.co 
 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

 Isabel de Salis    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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