Seed Innovations Limited Special Dividend Declaration
16 April 2024 - 4:00PM
RNS Regulatory News
RNS Number : 6099K
Seed Innovations Limited
16 April 2024
16th April
2024
SEED
Innovations Limited
("SEED"
or the "Company")
Special Dividend
Declaration
SEED Innovations Ltd, the AIM-quoted
company investment company providing shareholders with exposure to
early-stage health, wellness and medical cannabis companies to
which, in normal circumstances, they have limited access
to, is pleased to
announce that it has declared a maiden special dividend of 1.0
pence (£0.01) per SEED Share (the "Special Dividend"). This follows the
Company's realisation of its investment in Leap Gaming as
originally announced on 7 December 2022.
The Special Dividend will be funded
from existing cash reserves and is expected to be paid on 13 May
2024 to SEED Shareholders on the register of members of the Company
on 26 April 2024 (the "Record
Date"), with the SEED Shares being marked ex dividend on 25 April
2024.
Ed
McDermott, CEO of SEED, commented: "It has long been an ambition of
ours to pay a special dividend to reward shareholders. This
achievement underscores our confidence in the Company's current
financial strength and future prospects, as we believe our existing
portfolio and new investments have the potential in the next years
to replace the value paid to shareholders now. Whilst we remain in
difficult equity markets, we are seeing attractive investment
opportunities particularly in businesses seeking to fund growth.
"Post payment of the dividend Seed
retains in excess of £4m in cash and we continue to seek
opportunities that we believe could see significant returns for our
shareholders. We look forward to providing further portfolio
updates in short order."
-Ends-
For further information on the
Company please visit: www.seedinnovations.co 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
|
Isabel de Salis/Ana Ribeiro/Isabelle
Morris
|
St Brides Partners Ltd,
Financial PR
|
E: seed@stbridespartners.co.uk
|
Notes
Seed Innovations Ltd
SEED Innovations is an AIM quoted
investment company focused primarily on disruptive high growth life
sciences and technology businesses particularly within the medical
cannabis arena. The Company's strategy is to identify early-stage
opportunities that have an upcoming investment catalyst and grow
its portfolio in terms of value whilst limiting the number of
investee companies to a level where relevant time can be devoted to
each.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
DIVEAXLSFSXLEEA
Seed Innovations (LSE:SEED)
Historical Stock Chart
From Apr 2024 to May 2024
Seed Innovations (LSE:SEED)
Historical Stock Chart
From May 2023 to May 2024