SuperSeed Capital Limited Related Party Transaction

RNS Number : 7680H

SuperSeed Capital Limited

11 October 2024

 

SUPERSEED CAPITAL LIMITED

(the "Company")

 

RELATED PARTY TRANSACTION

 

 

SuperSeed Capital Limited is a company established as a venture capital fund of funds for early-stage AI/SaaS companies. The Company invests in technology-led innovation, primarily through funds managed by SuperSeed Ventures LLP (the "Investment Manager"). The Company's principal investment to date is in SuperSeed II LP (the "Fund").

 

Further to the announcement made on 24 June 2024 in respect of the extension of the £1,000,000 loan facility through the issue of convertible loan notes (the "Convertible Loan Notes") to the Investment Manager, on 14 October 2024 the Company will issue 175,000 Convertible Loan Notes to the Investment Manager for a subscription price of £175,000 (the "Issue").

 

The Investment Manager is a related party of the Company pursuant to the rules of the Aquis Stock Exchange. The independent directors of the Company, having exercised reasonable care, skill and diligence believe that the Issue is fair and reasonable as far as the shareholders of the Company are concerned.

 

 

For more information, please contact:

 

SuperSeed Capital Limited	[phone]
Mads Jensen, Investment Manager
VSA Capital - AQSE Corporate Adviser and Broker	[phone]
Corporate Finance: Simon Barton / Alex Cabral

 

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