NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
1 October 2026
SEED Innovations Limited
(“SEED” or the “Company”)
Result of WRAP Retail Offer,
Second Closing of Fundraising,
Director Holdings &
Restoration of Trading on AIM
SEED Innovations Limited (AIM: SEED), the investing company focused on early-stage physical AI and robotics, is pleased to confirm, further to the announcement made at 7.40 a.m. on 29 September 2026 (the ‘Retail Offer Announcement’), that it has conditionally raised gross proceeds of approximately £167,000 through the WRAP Retail Offer at the Issue Price of 2.4 pence per share.
In addition, and further to the Fundraising announced at 7.00 a.m. on 29 September (the ‘Fundraising’), the Company has received additional interest from investors. The Board considers that it would be beneficial to the Company and shareholders to accept this interest by way of a second closing of the Fundraising (the ‘2nd Closing’), raising a further £217,000, in order to maximise its ability to invest in physical AI and robotics opportunities and provide capacity for follow-on investment in select existing portfolio companies.
The Retail Offer and 2nd Closing have therefore raised a further £384,097. Accordingly, the Company will issue an additional 16,004,058 new Ordinary Shares at the Issue Price pursuant to the terms of the Retail Offer and 2nd Closing.
In total, the Fundraising, 2nd Closing and the Retail Offer have raised gross proceeds of £2.9 million for the Company, via the issuance of 120,870,717 new Ordinary Shares (the “Fundraising Shares”).
The Retail Offer and 2nd Closing are conditional upon the Fundraising Shares being admitted to trading on AIM ("Admission"). Application has been made to the London Stock Exchange plc for the Fundraising Shares to be admitted to trading on AIM and it is anticipated that Admission will become effective and that dealings in the Fundraising Shares will commence at 8.00 a.m. on 6 October 2026.
The Fundraising Shares will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the New Ordinary Shares to be issued pursuant to the Fundraising.
Director Holdings
As a result of the participation of Jim Mellon in the 2nd Closing and the additional New Ordinary Shares issued, the Company updates herewith the positions of those Directors participating in the Fundraising following Admission of the Fundraising Shares as follows:
|
Director |
Existing Ordinary Shares |
Subscription Shares |
Value of Subscription |
Resulting holding |
% on Admission |
|
Jim Mellon* |
43,915,169 |
42,291,666 |
£1,014,999.98 |
86,206,835 |
27.91% |
|
Sir James Bucknall |
0 |
1,041,666 |
£24,999.98 |
1,041,666 |
0.34% |
|
Total |
|
43,333,332 |
£1,039,999.96 |
87,248,501 |
28.25% |
*via Galloway Limited
Restoration of Trading on AIM
Following the closing of the Fundraising and Retail Offer, the Company is pleased to announce that the Capital Access Window has closed, and trading of the Company’s Ordinary Shares on AIM will be restored with effect from 7:30am today.
This announcement should be read in its entirety. In particular, the information in the “Important Notices” section of the announcement should be read and understood.
ENDS
For further information on SEED please visit:www.SEEDinnovations.coor contact:
|
Lance de Jersey |
SEED Innovations Limited
|
E:info@SEEDinnovations.co
|
|
James Biddle Roland Cornish |
BeaumontCornishLimited Nomad |
T: (0)20 7628 3396 |
|
Isabella Pierre Damon Heath |
Shard Capital Partners LLP Broker |
T: (0)20 4530 6928 |
|
Ana Ribeiro Isabel de Salis
|
St Brides Partners Ltd, Financial PR |
E:SEED@stbridespartners.co.uk |
|
Kaitlan Billings Sophia Bechev |
Winterflood Retail Access Platform
|
|
NOTES
SEED Innovations Limited– https://www.SEEDinnovations.co
SEED Innovations Limited (AIM: SEED) is an investing 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.
LEI: 213800KV6ETTB1BRZ435
Nominated Adviser statement
Beaumont Cornish Limited ("Beaumont Cornish"), is the Company’s Nominated Adviser and is authorised and regulated in the United Kingdom by the Financial Conduct Authority. 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 the 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 person for providing the protections afforded to customers of Beaumont Cornish, nor for advising them in relation to the arrangements described in this announcement or any matter referred to herein.
Distribution
This announcement has been notified via a Regulatory Information Service and it is not authorised for distribution into North America or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of that jurisdiction.
Important Notices
This announcement has been prepared by and is the sole responsibility of the Company.
The release, publication or distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia (the “United States” or “US”)), Australia, Canada, New Zealand, Japan, the Republic of South Africa, any member state of the EEA or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction. This announcement does not constitute an offer to sell or issue or a solicitation of an offer to buy or subscribe for Ordinary Shares in any such jurisdiction.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America.This announcement is not an offer of securities for sale into the United States.The securities referred to herein have not been and will not be registered under the US Securities Act, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration.No public offering of securities is being made in the United States.
WRAP is a proprietary technology platform owned and operated by MF. MF is incorporated under the laws of England and Wales (company no. 5613061, LEI no. 5493003EETVWYSIJ5A20 and VAT registration no. GB 872 8106 13) and is authorised and regulated by the Financial Conduct Authority (FCA registration number 442767). MF’s registered address is at 155 Bishopsgate, London, EC2M 3TQ. MF is acting exclusively for the Company and for no-one else and will not regard any other person (whether or not a recipient of this announcement) as its client in relation to the Retail Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in connection with the Retail Offer, Admission and the other arrangements referred to in this announcement.
The value of Ordinary Shares and the income from them is not guaranteed and can fall as well as rise due to stock market movements. When you sell your investment, you may get back less than you originally invested. Figures refer to past performance and past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations.
Certain statements in this announcement may constitute forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These forward-looking statements, which may use words such as “aim”, “anticipate”, “believe”, “intend”, “estimate”, “expect” and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks, assumptions and uncertainties that could cause the actual results of operations, financial condition, liquidity and dividend policy and the development of the industries in which the Company's businesses operate to differ materially from the impression created by the forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given those risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements speak only as at the date of this announcement and cannot be relied upon as a guide to future performance. The Company and MF expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the FCA, the London Stock Exchange or applicable law.
The information in this announcement is for background purposes only and does not purport to be full or complete. Neither MF nor any of its affiliates, accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. MF and its affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or its contents or otherwise arising in connection therewith.
Any indication in this announcement of the price at which the Ordinary Shares have been bought or sold in the past cannot be relied upon as a guide to future performance. Persons needing advice should consult an independent financial adviser. No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings or target dividend per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings or dividends per share of the Company.
Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this announcement. The Ordinary Shares to be issued or sold pursuant to the Retail Offer will not be admitted to trading on any stock exchange other than AIM.
BeaumontCornishLimited, (the “NOMAD”), which is authorised and regulated by the FCA in the United Kingdom, acts as Nominated Adviser to the Company. The NOMAD has not authorised the contents of, or any part of, this announcement, and no liability whatsoever is accepted by the NOMAD for the accuracy of any information or opinions contained in this announcement or for the omission of any material information. The responsibilities of the NOMAD as the Company's Nominated Adviser under the AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed solely to London Stock Exchange plc and are not owed to the Company or to any director or shareholder of the Company or any other person, in respect of its decision to acquire shares in the capital of the Company in reliance on any part of this or any other announcement, or otherwise.
Shard Capital Partners LLP (the “Broker”) is authorised and regulated by the FCA in the United Kingdom. The Broker is acting solely as broker and bookrunner exclusively for the Company and no one else in connection with the bookbuild and the contents of this announcement and will not regard any other person (whether or not a recipient of this announcement) as its client in relation to the bookbuild or the contents of this announcement nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on the Broker by FSMA or the regulatory regime established thereunder, The Broker accepts no responsibility whatsoever, and makes no representation or warranty, express or implied, for the bookbuild or the contents of this announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this announcement, whether as to the past or the future. The Broker accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this announcement or any such statement.