WRAP Retail Offer
SEED Innovations Limited is conducting a retail offer via the Winterflood Retail Access Platform to raise approximately £150,000 through the issuance of new ordinary shares at £0.024 per share. This retail offer is in addition to a previously announced placing and subscription aiming to raise approximately £2.5 million at the same price. The issue price represents a discount of approximately 5.88% to the mid-market price on September 21, 2026. The proceeds from the retail offer will be used in the same manner as those from the placing and subscription. Admission of the retail offer shares is expected around October 6, 2026.
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SEED Innovations Limited (AIM: SEED), the investing company focused on early-stage physical AI and robotics, is pleased to announce a retail offer via the Winterflood Retail Access Platform (“WRAP”) to raise approximately £150,000 (the “Retail Offer”) through the issue of new ordinary shares of £0.01 (one penny) each in the capital of the Company (“Ordinary Shares”). Under the Retail Offer new Ordinary Shares (the “Retail Offer Shares”) will be made available at a price of £0.024 (2.4 pence) per share (the “Issue Price”).
In addition to the Retail Offer, at 7.00 a.m. on 29 September 2026, the Company announced (the "Fundraising Announcement"), a placing (the "Placing") and subscription (the "Subscription") of new Ordinary Shares (the “Placing Shares” and the "Subscription Shares" and, together with the Retail Offer Shares, the “Fundraising Shares”) to raise approximately £2.5 million (before expenses) at the Issue Price. The Issue Price represents a discount of approximately 5.88 per cent. to the mid-market price of 2.55p per Ordinary Share on 21 September 2026, being the last practicable date prior to the Company entering into the Capital Access Window on 22 September 2026.
A separate announcement has been made regarding the Placing and Subscription and their terms and sets out the reasons for the Placing the Subscription and the Retail Offer and use of proceeds. The proceeds of the Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription.
Admission of the Retail Offer Shares ("Second Admission") is expected to occur at 8.00 a.m. on or around 6 October 2026 or such later time and/or date as Beaumont Cornish Limited and the Company may agree (being in any event no later than 8.00 a.m. on 6 November 2026).
WRAP Retail Offer
Therefore, the Company is making the Retail Offer open to eligible investors in the United Kingdom, being new or existing shareholders of SEED, following release of this announcement and through certain financial intermediaries.
The Retail Offer is expected to close at 4.30pm on 30 September 2026. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the Retail Offer is expected to be announced by the Company on or around 1 October 2026.
There is a minimum subscription of £100 per investor under the Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
No offering document, prospectus or admission document has been or will be prepared or submitted to be approved by the Financial Conduct Authority (or any other authority) in relation to the Retail Offer, and investors' commitments will be made solely on the basis of the information contained in this announcement and information that has been published by or on behalf of the Company prior to the date of this announcement by notification to a Regulatory Information Service in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the UK Market Abuse Regulation (EU Regulation No. 596/2014) as it forms part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018 (as amended) ("UK MAR").
UK Product Governance Requirements
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