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Pin to quick picksSeed Regulatory News (SEED)

Share Price Information for Seed (SEED)

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Director Share Purchases

14 Dec 2022 16:07

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: 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

Catherine Leftley

Isabelle Morris

Max Bennett

St Brides Partners Ltd,

Financial PR

E: info@stbridespartners.co.uk

 

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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END
 
 
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