Seed Capital Solutions plc (LON: SCSP) (“Seed Capital”), a Company formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, is pleased to announce that on June 5th 2024, CEO, John Zorbas, has beneficially acquired through his company Corrales Trading Limited (“Corrales”) 10,000,000 ordinary shares of £0.0025 each as part of an off market transaction under which Mr Zorbas agreed to settle the outstanding liability of £75,000 of AMI Assets SA (“AMI”) relating to AMI’s agreement to subscribe for new share capital on the Company’s Admission to listing on the London Stock Exchange last year.
In consideration for this undertaking, AMI has transferred the shares allocated to it under the subscription agreement to Corrales. On the completion of this transaction, Corrales has a beneficial interest in 10,000,000 ordinary shares representing 5.39% of the issued share capital, as follows:
| Director/PDMR | Previous Shares held | Shares Acquired
|
Price per Share (GBP) | Total Holding following Acquisition | % of the Company’s issued share capital held following Acquisition |
| John Zorbas via his company Corrales
|
nil | 10,000,000 | £0.0075 | 10,000,000 | 5.39% |
The relevant notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 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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John Zorbas | ||||
| 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 | ||||
| b)
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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 Capital Solutions Plc | ||||
| b)
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LEI
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213800NRFXJG9H18LA29
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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) | Description of the financial instrument, type of instrument
Identification code:
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Ordinary shares
GB00BL6CFR81 |
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| b)
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Nature of the transaction
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Purchase | ||||
| c)
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Price(s) and volume(s)
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| d)
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Aggregated information
– Aggregated volume – Price
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10,000,000 £75,000.00 |
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| e)
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Date of the transaction
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5 June 2024 | ||||
| f)
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Place of the transaction
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LONDON STOCK EXCHANGE, (XLON) | ||||
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Seed Capital Solutions plc | Tel: +44 (0)1535 647 479 | |||
| Chairman Damion Greef
Brand Communications |
Tel: +44 (0) 7976 431608 |
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| Public & Investor Relations | ||||
| 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.