Seed Innovations Ltd / AIM: SEED / Sector: Closed End Investments

26 November 2025

SEED Innovations Limited

("SEED" or the "Company")

Board Appointments

Positioning SEED for Growth in Humanoid Robotics & AI

SEED Innovations Limited, the AIM-quoted investment company, is pleased to announce, further to its announcement of 18 July 2025 and Shareholders' approval of the Company's new investing policy, a series of board appointments as the Company enters the next phase of its strategic evolution focused on giving investors access to high-growth robotics and AI ventures that are typically beyond the reach of everyday investors.

Jim Mellon has been appointed Non-Executive Chairman, while Denham Eke and Sir James Bucknall have been appointed as Non-Executive Directors with immediate effect. Luke Cairns, Interim Chair, reverts to his previous role as a Non-Executive Director.

Jim Mellon, a highly respected investor and entrepreneur, has a distinguished track record across biotechnology, clean food, property, banking, mining, and hospitality. A graduate in Philosophy, Politics and Economics from Oxford University, Jim began his career in fund management with GT and Thornton in Asia and the U.S. before co-founding Regent Pacific Group Limited, listed on the Hong Kong Stock Exchange, where he remains Executive Chair. Through his family office, Burnbrae Group Limited, he focuses on disruptive technologies and holds leadership roles in Agronomics, Juvenescence, Bradda Head, and Manx Financial Group. He is also a published author and founder of the Mellon Longevity Centre at Oxford University.

Denham Eke is Managing Director of Burnbrae Group Limited, a private international asset management firm. He began his career in stockbroking at Sheppards & Chase before moving into corporate planning at Hogg Robinson plc, a global insurance broker. Denham brings decades of board-level experience across listed and private companies operating in financial services, property, mining, life sciences, biotech, clean food, and manufacturing.

Sir James Bucknall, a former Lieutenant General in the British Army, brings more than three decades of high-level leadership and strategic experience. He served as Commander of NATO's Allied Rapid Reaction Corps and Deputy Commander of Coalition Forces Afghanistan. Following his military career, he became CEO of Weybourne Ltd, the family office of Sir James Dyson, overseeing a multibillion-pound portfolio spanning financial investments, agriculture, and real estate.

Jim Mellon, Non-Executive Chairman of SEED Innovations, commented: "I'm delighted to lead SEED as we embark on an exciting new chapter focused on the transformative potential of humanoid robotics and AI. These fast-evolving sectors are set to redefine global industries, from healthcare and manufacturing to finance and logistics, and represent one of the most significant technological shifts of our time. With a strengthened board, SEED is now firmly positioned to identify, invest in, and support the innovators shaping this revolution while creating meaningful long-term value for shareholders."

Regulatory Disclosures:

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

James ("Jim") Mellon, aged 68, holds or has previously held the following directorships:

Jim Mellon holds 41,721,908 ordinary shares in the Company (of which 22,782,115 shares are held directly and 18,939,793 via Galloway Limited, of which Mr Mellon is beneficial owner).  In aggregate his holding represents 22.20% of the issued share capital of the Company.

Denham Hervey Newall Eke, aged 73, holds or has previously held the following directorships:

Denham Eke does not hold any shares in the Company but is a director of Galloway Limited (beneficially owned by Jim Mellon) which owns 18,939,793 ordinary shares in the Company, representing 10.08% of the issued share capital.

Sir James Jeffrey Corfield Bucknall, aged 66, holds or has previously held the following directorships:

Further information on Mr Mellon and Mr Eke which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies ("Schedule Two disclosures") is set out in the Appendix.

Otherwise there is no further information required under Schedule Two disclosures. 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

Appendix: Further disclosure under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies

Jim Mellon

Jim Mellon was a director of Regent Global Fund and Undervalued Assets Greater China Fund Series III, both of which went into voluntary liquidation. These two funds were liquidated with the consent of shareholders as the directors recommended that, due to a decline in the size of the funds, they were uneconomic. There were no unsatisfied creditors.

Bigsave Holdings plc, a company of which Jim Mellon was a director, entered into a voluntary liquidation. There were no unsatisfied creditors.

On 8 April 2003, Regent Pacific Fund, a company of which Jim Mellon was a director, entered into a voluntary liquidation. There were no unsatisfied creditors.

On 9 December 2005, Undervalued Assets Fund - Series One, a company of which Jim Mellon was a director, entered into a voluntary liquidation. There were no unsatisfied creditors.

On 5 February 2008, Asian Opportunity Fund 1998 - Series I, commenced voluntary liquidation pursuant to its Articles and Association. Jim Mellon was a director within the 12 month periods preceding such date. There were no unsatisfied creditors.

On 29 January 2014, Rivington Street Holdings plc, a company of which Jim Mellon was a director, entered into a voluntary liquidation. The creditors were owed approximately £4 million, of which Jim Mellon and his interests were owed £3.8 million.

On 3 September 2015, Speymill plc, a company of which Jim Mellon was a director, entered into a voluntary liquidation and was subsequently dissolved on 6 July 2017. The combined creditors of the Speymill Group were approximately £4.3 million, of which Jim Mellon and his interests were owed £3.9 million.

There was an historic arrest warrant for Jim Mellon, issued by the Seoul South Korea prosecutor's office on 19 December 2000 and subsequently reissued on 14 January 2004. The warrant was due to remain valid and effective until 12 March 2010. The arrest warrant pertains to an alleged involvement in a conspiracy to manipulate the share price of Regent Securities Co., Ltd. Mr Mellon has informed the Company that he absolutely and categorically denies that this allegation has any substance. No evidence was produced against him and no further proceedings have taken place with no further developments in this matter since 2010.

Denham Eke

On 3 September 2015, Speymill plc, a company of which Denham Eke was a director of at the time, entered into a voluntary liquidation and was subsequently dissolved on 6 July 2017. Mr Eke was also a director of subsidiary company Speymill Contracts Limited within one year of it entering into administration on 16 December 2012 and a director of Speymill Property Group (UK) Limited which entered into voluntary liquidation on 25 January 2016. At that time, the combined creditors of the Speymill Group were approximately £4.3 million.

On 29 January 2014, Rivington Street Holdings plc, a company of which Denham Eke was a director at the time, entered into a voluntary liquidation. The creditors were owed approximately £4 million.

Mr Eke is a non-executive director and shareholder representative on the board of All Star Leisure (Group) Limited. All Star Leisure (Group) Limited appointed Administrators on 17 September 2019. No estimate of a creditor shortfall is currently available and the administration remains ongoing.

Denham Eke was appointed a director of Roldec Systems plc on 10 April 1995. Roldec Systems pic was declared insolvent and entered creditor's voluntary liquidation on 31 March 1999 with a deficit to creditors. Roldec Systems pic was dissolved on 17 April 2003

Mr Eke was a director at the time of Oil Barrel.com Limited being entered into voluntary liquidation on 6 September 2017 and had been a director since 18 September 2013.  The company was subsequently dissolved on 4 August 2018.

Mr Eke was a director at the time of Spreadbet Magazine Limited being placed into voluntary liquidation on 6 September 2017 and had been a director since 1 May 2014.  The company was subsequently dissolved on 4 August 2018.

Denham Eke was appointed to the board of Sharecrazy.com on 18 September 2013.  The company was entered into voluntary liquidation on 6 September 2017 and was subsequently dissolved on 4 August 2018.

ENDS

For further information, please visit: www.seedinnovations.co or contact:

NOTES 

Seed Innovations Ltd 

SEED Innovations Ltd (SEED.L) is an AIM-quoted investment company focused on providing access to high-growth robotics and AI ventures typically beyond the reach of everyday investors. The Company also oversees a legacy portfolio in wellness and life sciences, with a medium-term strategy to unlock its full value. Back by an experienced team and strong cash reserves, the Company remains agile and well-positioned to capitalise on new investment opportunities as they arise.

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.