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SuperSeed Capital Ld - Related party transaction - issue of CLNs


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SuperSeed Capital Limited · WWW

13/02/2024 13:17

SuperSeed Capital Ld - Related party transaction - issue of CLNs
RNS Number : 0063D
SuperSeed Capital Limited
13 February 2024
 

SUPERSEED CAPITAL LIMITED

(the "Company")

Related party transaction

Issue of convertible loan notes

 

 

Further to the announcement made on 16 September 2022 in respect of the establishment of a £1,000,000 loan facility through the issue of convertible loan notes (the "Convertible Loan Notes") to SuperSeed Ventures LLP ("SuperSeed Ventures"), on 12 February 2023 the Company issued 60,000 Convertible Loan Notes to Superseed Ventures for a subscription price of £60,000 (the "Issue").

 

SuperSeed Ventures 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 is concerned.

 

SuperSeed Capital Limited (AQSE:WWW) 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. The Company's principal investment to date is in SuperSeed II LP.

 

 

For more information, please contact:

 

SuperSeed Capital Limited

+44(0) 203 405 3060

Mads Jensen, Investment Manager


 


VSA Capital - AQSE Corporate Adviser and Broker

+44(0) 203 005 5000

Corporate Finance: Simon Barton / Alex Cabral


 

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