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SEED Innovations Limited announced on 14 December 2022 that its Chairman, Ian Burns, and CEO, Ed McDermott, completed share purchases on the London Stock Exchange. Ian Burns purchased a total of 300,000 ordinary shares across 13 and 14 December 2022 at a weighted average price of 2.57p, increasing his beneficial interest to 1,674,024 shares (0.79% of issued capital). Ed McDermott purchased 3,425,000 ordinary shares on 13 December 2022 at 2.52p per share, bringing his total beneficial interest to 3,425,000 shares (1.61% of issued capital).
| Date | 14 Dec 2022 |
| Time | 16:07:03 |
| Category | Director/PDMR dealings |
| ID | 7441J |
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:
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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:
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Ed McDermott Lance de Jersey |
SEED Innovations Ltd |
|
|
James Biddle Roland Cornish |
Beaumont Cornish Limited, Nomad |
T: (0)20 7628 3396
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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 |
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
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Ian Burns |
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2
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Reason for the notification
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a)
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Position/status
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Chairman of SEED Innovations Limited
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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SEED INNOVATIONS LIMITED
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b)
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LEI
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213800KV6ETTB1BRZ435 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares |
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Identification code |
GG00BRK9BQ81 |
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b)
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Nature of the transaction
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On market purchase of shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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2.57p |
300,000 |
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d)
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Aggregated information |
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- Aggregated volume |
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- Price |
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e)
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Date of the transaction
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13 and 14 December 2022 |
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f)
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Place of the transaction
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London Stock Exchange |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Ed McDermott |
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2
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Reason for the notification
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a)
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Position/status
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CEO of SEED Innovations Limited
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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SEED INNOVATIONS LIMITED
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b)
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LEI
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213800KV6ETTB1BRZ435 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares |
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Identification code |
GG00BRK9BQ81 |
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b)
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Nature of the transaction
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On market purchase of shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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2.52p |
3,425,000 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A Single transaction |
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- Price |
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e)
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Date of the transaction
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13 December 2022 |
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f)
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Place of the transaction
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London Stock Exchange |
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