REG - Seed Innovations Ltd - Portfolio Update

Seed InnovationsAnnouncement

11/11/2024 12:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241111:nRSK7436La&default-theme=true

RNS Number : 7436L  Seed Innovations Limited  11 November 2024

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

11 November 2024

SEED Innovations Limited

("SEED" or the "Company")

 

Divested interest in Pantheon Resources to secure profit of c.35% in three
months

 

Creating value from opportunistic short-term trading strategy

 

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 that it has exited
its entire position in AIM listed Pantheon Resources plc ("Pantheon") at an
average price of 22.91p per share for gross proceeds of £336,918.90.

 

HIGHLIGHTS

·    Gross proceeds of approximately £337,000

·    Divestment represents a profit of £86,918.94

·    Profit of nearly 35% / 6p per Pantheon share in a three-month period

 

Commenting on the divestment, SEED CEO Ed McDermott said: "I am delighted with
the outcome of this transaction, which highlights our agility in capturing
short-term trading opportunities that drive value for our shareholders. This
divestment in Pantheon generated gross proceeds of approximately £337,000,
delivering a profit of c. £87,000, or nearly 35%, in just three months. Our
strong cash position of £3.8Million continues to both exceed our current
market capitalisation (by over 30%) and provide the flexibility needed to
capitalise on similar prospects, and as such we anticipate taking advantage of
other similar opportunities in the future."

 

DETAILS

In August 2024, SEED invested £250,000 in AIM listed oil and gas company
Pantheon (see RNS dated 7 August) at a price of £0.17 (17p per share) paid
for from cash reserves. It has now exited its entire position in Pantheon at
an average price of 22.91p per share for gross proceeds of £336,918.90. This
represents a profit of £86,918.94, or nearly 35% / 6p per Pantheon share in a
three month period.

 

- 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

 

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.

 

Nominated Adviser

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.

 

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  PFUBDBDBDSBDGSB