Seed Innovations Limited Transaction in Own Shares
February 13 2024 - 2:00AM
RNS Regulatory News
RNS Number : 8834C
Seed Innovations Limited
13 February 2024
This announcement contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law
by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
13 February 2024
SEED Innovations
Limited
("SEED"
or the "Company")
Transaction in Own Shares
& TVR
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,
announces that it has purchased the
following number of its shares of 1p each on the London Stock
Exchange to be held in treasury (through Shard Capital Stockbrokers
Limited ("Shard") acting as the Company's broker).
Date of Purchase
|
12 February 2024
|
Number of shares purchased
(aggregated volume):
|
100,000
|
Highest price paid per share
(pence):
|
2.25 pence
|
Lowest price paid per share
(pence):
|
2.25 pence
|
Volume weighted average price paid
per share (pence):
|
2.25 pence
|
Following the purchase of these
shares, the Company's issued ordinary share capital consists of
215,219,841 ordinary shares of which a total of 12,281,446 shares
are held in treasury. The remaining 202,938,395 shares represent
the total voting rights in the Company and may be used by
shareholders as the denominator for the calculations by which they
can determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
In accordance with Article 5(1)(b)
of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, the
table below contains detailed information of the individual trades
made by Shard on 12 February 2024 as part of the Programme as
defined by the Company in the announcement on 29 September
2023.
Aggregate information:
Venue
|
Volume-weighted average price (pence per share)
|
Aggregated volume
|
AIMX
|
2.25
|
100,000
|
Individual transactions:
Number of
shares purchased
|
Transaction price
(pence per share)
|
Time of
transaction
|
Venue
|
100,000
|
2.25
|
16.30.27
|
AIMX
|
-Ends-
For further information on the
Company please visit: www.seedinnovations.co
or contact:
Ed McDermott
Lance de Jersey
|
SEED Innovations Ltd
|
E: info@seedinnovations.co
|
James Biddle
Roland Cornish
|
Beaumont Cornish Limited,
Nomad
|
T: (0)20 7628 3396
|
Isabella Pierre
Damon Heath
|
Shard Capital Partners
LLP
Broker
|
T: (0)20 7186 9927
|
Ana Ribeiro
Isabelle Morris
|
St Brides Partners Ltd,
Financial PR
|
E: seed@stbridespartners.co.uk
|
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.
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END
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