Seed Innovations Limited Director/PDMR Shareholding
September 02 2024 - 6:35AM
RNS Regulatory News
RNS Number : 5590C
Seed Innovations Limited
02 September 2024
2 September 2024
SEED Innovations
Limited
("SEED"
or the "Company")
Director Share
Purchase
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 it has
been informed today that on 2 September 2024, Ed McDermott, Chief
Executive Officer at SEED, purchased a further
1,450,000 ordinary shares in the Company at an average price of 1.50p
per share. Following this purchase Mr McDermott has a beneficial
interest of 6,130,000 shares representing 3.18% of the issued share
capital of the Company.
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 visit:
www.seedinnovations.co or contact:
|
Ed
McDermott
Lance de Jersey
|
SEED Innovations
Ltd
|
info@seedinnovations.co
|
|
James Biddle
Roland Cornish
|
Beaumont Cornish Limited
Nomad
|
(0)20 7628 3396
|
|
Isabella Pierre
Damon Heath
|
Shard Capital Partners
LLP
Broker
|
(0)20 7186 9927
|
|
Ana Ribeiro
Isabel de Salis
Seb Weller
|
St Brides Partners Ltd
Financial PR
|
seed@stbridespartners.co.uk
|
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
|
Ed McDermott
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer at 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)
|
|
|
|
|
1.54p
|
150,000
|
|
|
|
|
1.474p
|
500,000
|
|
|
|
|
1.47p
|
250,000
|
|
|
|
|
1.523p
|
500,000
|
|
|
|
|
1.5475p
|
50,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
1,450,000 Ordinary Shares
|
|
|
|
|
- Price
|
£21,743.75
|
|
|
|
|
e)
|
Date of the transaction
|
2 September 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
TR-1: Standard form for notification
of major holdings
|
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer and to the FCA in Microsoft Word
format if possible) i
|
|
|
|
1a.
Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached
ii:
|
SEED Innovations Limited
|
|
1b.
Please indicate if the issuer is a non-UK issuer (please mark
with an "X" if appropriate)
|
|
Non-UK issuer
|
|
|
2.
Reason for the notification (please mark the appropriate box or
boxes with an "X")
|
|
An
acquisition or disposal of voting rights
|
|
|
An
acquisition or disposal of financial instruments
|
X
|
|
An
event changing the breakdown of voting rights
|
|
|
Other (please specify) iii:
|
|
|
3.
Details of person subject to the notification obligation
iv
|
|
Name
|
Edward McDermott
|
|
City and country of registered office (if
applicable)
|
London
|
|
4.
Full name of shareholder(s) (if different from 3.)
v
|
|
Name
|
|
|
City and country of registered office (if
applicable)
|
|
|
5.
Date on which the threshold was crossed or reached
vi:
|
2
September 2024
|
|
6.
Date on which issuer notified (DD/MM/YYYY):
|
02/09/ 2024
|
|
7.
Total positions of person(s) subject to the notification
obligation
|
|
|
%
of voting rights attached to shares (total of 8.
A)
|
%
of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
|
Total of both in % (8.A + 8.B)
|
Total number of voting rights held in issuer (8.A + 8.B)
vii
|
|
Resulting situation on the date on which threshold was crossed
or reached
|
3.177%
|
|
|
6,130,000
|
|
Position of previous notification (if
applicable)
|
n/a
|
|
|
|
|
|
|
|
|
|
| |
|
8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
viii
|
|
A:
Voting rights attached to shares
|
|
Class/type of
shares
ISIN code (if possible)
|
Number of voting rights ix
|
%
of voting rights
|
|
Direct
(DTR5.1)
|
Indirect
(DTR5.2.1)
|
Direct
(DTR5.1)
|
Indirect
(DTR5.2.1)
|
|
GG00BRK9BQ81
|
6,130,000
|
0
|
3.177%
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL 8. A
|
6,130,000
|
3.177%
|
|
|
|
B
1: Financial Instruments according to DTR5.3.1R (1)
(a)
|
|
Type of financial instrument
|
Expiration
date x
|
Exercise/
Conversion Period xi
|
Number of voting rights that may be acquired if the instrument
is
exercised/converted.
|
%
of voting rights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL 8. B 1
|
|
|
|
|
|
B
2: Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
|
|
Type of financial instrument
|
Expiration
date x
|
Exercise/
Conversion Period xi
|
Physical or cash
Settlement xii
|
Number of voting rights
|
%
of voting rights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL 8.B.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
9.
Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
|
|
Person subject to the notification obligation is not
controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an
interest in the (underlying) issuer
xiii
|
|
|
Full
chain of
controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the
ultimate controlling natural person or legal entity (please add
additional rows as necessary) xiv
|
|
|
Name xv
|
%
of voting rights if it equals or is higher than the notifiable
threshold
|
%
of voting rights through financial instruments if it equals or is
higher than the notifiable threshold
|
Total of both if it equals or is higher than the notifiable
threshold
|
|
Ed
McDermott
|
3.177%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.
In case of proxy voting, please identify:
|
|
Name of the proxy holder
|
|
|
The
number and % of voting rights held
|
|
|
The
date until which the voting rights will be held
|
|
|
|
|
11.
Additional information xvi
|
|
|
|
|
|
|
| |
|
Place of completion
|
London
|
|
Date of completion
|
2
September 2024
|
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.
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