REG - Seed Innovations Ltd - Investee Company Update: Northern Leaf plc

Seed InnovationsAnnouncement

09/04/2024 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240409:nRSI8898Ja&default-theme=true

RNS Number : 8898J  Seed Innovations Limited  09 April 2024

9(th) April 2024

 

SEED Innovations Limited

("SEED" or the "Company")

Investee Company Update: Northern Leaf plc

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, notes the public announcement by Voyager Life plc ("Voyager") that the
merger between themselves and SEED investee company Northern Leaf plc
("Northern Leaf") as announced on 13 March 2024 has been terminated.

Northern Leaf management have advised shareholders that they have taken action
to provide short term financing to meet immediate creditor obligations whilst
they consider appropriate next steps for the company.

In light of this latest news, SEED expects to carry the investment in Northern
Leaf at £nil value in the financial statements of SEED as at 31 March 2024
(previously value indicated to be £13,000 per SEEDs RNS of 22 December 2023).

-Ends-

For further information on the Company please visit:  www.seedinnovations.co
(http://www.seedinnovations.co/)  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
 Isabel de Salis/Ana Ribeiro/Isabelle Morris  St Brides Partners Ltd,      E: seed@stbridespartners.co.uk

                                            Financial PR

 

 

Notes

Seed Innovations Ltd

SEED Innovations is an AIM quoted investment company focused primarily on
disruptive high growth life sciences and technology businesses particularly
within the medical cannabis arena. The Company's strategy is to identify
early-stage opportunities that have an upcoming investment catalyst and grow
its portfolio in terms of value whilst limiting the number of investee
companies to a level where relevant time can be devoted to each.

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDSSLFFUELSELL