Seed Innovations Limited Transaction in Own Shares & TVR (5611W)
December 13 2023 - 2:00AM
UK Regulatory
TIDMSEED
RNS Number : 5611W
Seed Innovations Limited
13 December 2023
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 December 2023
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 December 2023
Number of shares purchased (aggregated
volume): 230,000
-----------------
Highest price paid per share 2.2 pence
(pence):
-----------------
Lowest price paid per share 2.185 pence
(pence):
-----------------
Volume weighted average price 2.193478 pence
paid per share (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 10,932,446 shares are held in treasury. The
remaining 204,287,395 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
December 2023 as part of the Programme as defined by the Company in
the announcement on 29 September 2023.
Aggregate information:
Venue Volume-weighted average Aggregated volume
price (pence per
share)
AIMX 2.193478 230,000
------------------------ ------------------
Individual transactions:
Number of shares purchased Transaction Time of transaction Venue
price
(pence per
share)
100,000 2.185 09.31.49 AIMX
----------- ------------------- -----
130,000 2.2 15.53.29 AIMX
----------- ------------------- -----
-Ends-
For further information on the Company please visit: www.seedinnovations.co or contact:
Ed McDermott SEED Innovations E: info@seedinnovations.co
Lance de Jersey Ltd
James Biddle Beaumont Cornish T: (0)20 7628 3396
Roland Cornish Limited,
Nomad
----------------------- -------------------------------
Isabella Pierre Shard Capital Partners T: (0)20 7186 9927
Damon Heath LLP
Broker
----------------------- -------------------------------
Catherine Leftley St Brides Partners E: seed@stbridespartners.co.uk
Ana Ribeiro Ltd,
Isabelle Morris 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.
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END
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