REG - Seed Innovations Ltd - Result of Tender Offer

Seed InnovationsAnnouncement

08/09/2025 11:15

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RNS Number : 4220Y  Seed Innovations Limited  08 September 2025

This release contains inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation (2014/596/EU), or EU MAR, and of the UK version
of EU MAR as it forms part of UK law by virtue of the European Union
(Withdrawal) Act (as amended).

 

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

8 September 2025

SEED Innovations Limited

("SEED" or the "Company")

 

Result of Tender Offer

 

SEED Innovations Limited (AIM: SEED), the AIM-quoted investment company,
announces the results of the Tender Offer set out in the circular published by
the Company on 14 August 2025 (the "Circular"), which closed at 11 a.m. on 5
September 2025.

 

Of a total Tender Offer of up to 86,826,818 Ordinary Shares (c. 45% of issued
share capital, excluding shares held in treasury) shareholders validly
tendered 4,982,818 shares (the "Tender Shares") resulting in a take up of 5.7%
indicating strong support for the Company's new focus on robotics, AI and
other disruptive technologies.

 

The Tender Price was 2.2 pence per Share resulting in a cost to the Company of
£109,622 and these proceeds shall be paid to tendering shareholders by cheque
or credited to applicable CREST accounts on or before 19 September 2025.

 

Following the purchase of the Tender Shares, the Company will have retained
cash of approximately £3.1 million which, as at the date of this
announcement, is equivalent to 1.6p in cash per share based on the resultant
shares in issue following the cancellation of the Tender Shares and shares
held in Treasury.

 

Luke Cairns, Interim Chair, commented: "We are encouraged that only a small
number of shareholders chose to participate in the Tender Offer, which
reflects a strong endorsement of our new investing policy focused on
high-growth opportunities in robotics, AI, and related disruptive
technologies. Our shareholders clearly recognise the potential of this
exciting sector and share our confidence in SEED's ability to deliver
long-term value as we pivot towards these transformative industries. The
regulatory process is nearly complete to enable us to appoint additional
directors and more formally begin the implementation of the new strategy."

 

DETAILS

The Company offered to purchase up to 45 per cent of the holdings of Eligible
Shareholders representing a maximum of 86,826,818 Ordinary Shares (being
approximately 45 per cent. of the Company's existing issued share capital,
excluding shares held in treasury) under the Tender Offer. In total, 4,982,818
Ordinary Shares were validly tendered under the Tender Offer. As such, the
total number of Ordinary Shares being acquired by the Company is 4,982,818.
All valid tenders were satisfied in full pursuant to their Basic Entitlement
(rounded down to the nearest whole number of Ordinary Shares).

 

It is expected that cheques will be despatched, and CREST accounts will be
credited with proceeds in respect of successfully tendered shares on or before
19 September 2025.

 

The 4,982,818 Ordinary Shares tendered under the Tender Offer will be
repurchased by the Company under the Tender Document and cancelled. The
Company is also taking this opportunity to cancel the 22,269,946 Ordinary
Shares currently held in treasury and accordingly application has been made
for cancellation of a total of 27,252,764 Ordinary Shares from trading on AIM
with cancellation expected to become effective at 8.00 a.m on 10 September
2025.

 

The ordinary issued share capital of the Company following the purchase will
be 187,967,077 (with no ordinary shares held in treasury). The total voting
rights in the Company following the purchase and cancellation will be
187,967,077.

 

The figure of 187,967,077 may be used by Shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

Unless otherwise defined, capitalised terms in this announcement shall have
the meaning set out in the Circular, which is available on the Company's
website at:

https://seedinnovations.co/investor-centre/aim-rule-26
(https://seedinnovations.co/investor-centre/aim-rule-26)

 

ENDS

 

For further information on the Company 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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