Director Share Purchases

RNS Number : 7441J

Seed Innovations Limited

14 December 2022

 

14 December 2022

SEED Innovations Limited

("SEED" or the "Company")

Director Share Purchases

SEED Innovations Ltd, the AIM-quoted company investing in fast-growing and industry-leading businesses with a focus on the medical cannabis, health, and wellness space, is pleased to announce it has been informed today that on 13 December 2022, Ian Burns, Chairman of SEED, purchased 100,000 ordinary shares in the Company and Ed McDermott, CEO, purchased 3,425,000 ordinary shares in the Company. The Company has also been informed that today Ian Burns purchased a further 200,000 ordinary shares in the Company.

The following cumulative share purchases were made:

DIRECTOR	POSITION	ORDINARY SHARES PURCHASED	WEIGHTED AVERAGE PRICE PER ORDINARY SHARE	TOTAL BENEFICIAL INTEREST	% ISSUED SHARE CAPITAL
Ian Burns	Chairman	300,000	2.57p	1,674,024*	0.79
Ed McDermott	CEO	3,425,000	2.52p	3,425,000	1.61

*Held through Smoke Rise Holdings Limited of which Mr Burns is the legal and beneficial holder

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 on the Company please visit:  www.seedinnovations.com   or contact:

Ed McDermott Lance de Jersey	SEED Innovations Ltd	E:  [e-mail]
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
Catherine Leftley Isabelle Morris Max Bennett	St Brides Partners Ltd, Financial PR	E:  [e-mail]

Details of the full notifications received by the Company are set out below:

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	Ian Burns
2	Reason for the notification
a)	Position/status	Chairman of 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)
			2.57p	300,000
d)	Aggregated information
	- Aggregated volume	Price (s) Volume (s) 2.35875p 100,000 2.67375p 200,000
	- Price
e)	Date of the transaction	13 and 14 December 2022
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ed McDermott
2	Reason for the notification
a)	Position/status	CEO of 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)
			2.52p	3,425,000
d)	Aggregated information
	- Aggregated volume	N/A Single transaction
	- Price
e)	Date of the transaction	13 December 2022
f)	Place of the transaction	London Stock Exchange

 

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