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Seed Capital Solutions PLC issued a total of 17,000,000 new warrants over ordinary shares to its Directors and Company Secretary on 24 March 2025. These warrants have an exercise price of 1 penny each, representing a 33.3% premium over the closing mid-market price on 21 March 2025, and are exercisable until 23 March 2030, bringing the total warrants in issue to 25,313,532.
| Date | 24 Mar 2025 |
| Time | 07:05:01 |
| Category | Capital structure |
| ID | 7637B |
24 March 2025
SEED CAPITAL SOLUTIONS PLC
(the "Company")
ISSUE OF WARRANTS
Seed Capital Solutions plc (LON: SCSP) announces that the Company has issued a total of 17,000,000 warrants ("New Warrants") over ordinary shares of 0.25 pence each ("Ordinary Shares") to the Company's Directors and Company Secretary, as detailed below.
|
Name |
Role |
Number of warrants held prior to the issue of the New Warrants |
Number of New Warrants granted |
Total warrants held following issue of New Warrants |
|
John Zorbas |
Chief Executive Officer |
- |
8,000,000 |
8,000,000 |
|
Damion Greef |
Non-Executive Chairman |
1,333,333 |
4,000,000 |
5,333,333 |
|
Segar Karupiah |
Chief Financial Officer |
- |
2,000,000 |
2,000,000 |
|
Avi Robinson |
Non-Executive Director |
- |
2,000,000 |
2,000,000 |
|
Mike Hirschfield |
Company Secretary |
1,333,333 |
1,000,000 |
2,333,333 |
The New Warrants have an exercise price of 1 penny each, representing a 33.3% premium over the closing mid-market price of Ordinary Shares on 21 March 2025, the business day prior to the issue of the New Warrants.
The New Warrants have been issued under the Company's existing warrant scheme and are exercisable at any time until 23 March 2030.
Following the issue of the New Warrants, the Company has a total of 25,313,532 warrants in issue.
- ENDS -
This announcement contains inside information for the purposes of article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) ("UK MAR").
FOR FURTHER INFORMATION, PLEASE CONTACT:
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Seed Capital Solutions plc |
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Tel: +44 (0) 7976 431608 |
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|
Damion Greef, Chairman
Brand Communications |
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Tel: +44 (0) 7976 431608 |
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Public & Investor Relations |
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Alan Green
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ABOUT SEED CAPITAL SOLUTIONS PLC
Seed Capital Solutions plc (LON: SCSP) has been formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, thereby benefitting from the current trend of superior performance and increased investor appetite.