Company Announcements

8 February 2024                        SEED CAPITAL SOLUTIONS PLC

("Seed Capital", "SCSP" or the "Company")

Notice of AGM

Seed Capital Solutions plc, which currently operates as a special purpose acquisitions company (SPAC) to undertake one or more acquisitions of target companies or businesses, announces that it has posted a notice and proxy to shareholders providing details of the forthcoming AGM to be held at the offices of Hill Dickinson, The Broadgate Tower, 10 Primrose Street, London EC2A 2EW at 1000 hrs (GMT) on 12 March 2024 for the purpose of considering, and, if thought fit, to pass the following resolutions.

Resolutions 1 to 8 will be proposed as ordinary resolutions and resolutions 9 and 10 will be proposed as special resolutions.

Ordinary Resolutions

1.       To receive the accounts and reports for the financial period ended 30 June 2023.

2.    To approve the Directors' remuneration report in the form set out in the Company's annual report and accounts for the year ended 30 June 2023.

3.       To re-elect Mike Hirschfield, who is retiring by rotation as a director of the Company.

4.      To re-elect John Zorbas, who is retiring having been appointed by the directors of the Company since the last General Meeting and who being eligible offers himself for election as a director of the Company.

5.       To re-elect Segar Karupiah, who is retiring having been appointed by the directors of the Company since the last General Meeting and who being eligible offers himself for election as a director of the Company.

6.     To reappoint Haysmacintyre LLP as auditors of the Company and to authorise the directors to fix their remuneration.

7.      That the Company be authorised, subject to and in accordance with the provisions of the Companies Act 2006, to send, convey or supply all types of notices, documents or information to Shareholders by electronic means, including making such notices, documents or information available on a website.

8.     That, in accordance with section 551 Companies Act 2006 (CA 2006), the directors of the Company are generally and unconditionally authorised, in addition to any previous authorities, which shall continue to apply, to allot Relevant Securities (as defined in this resolution) comprising equity securities (as defined in section 560 CA 2006) up to an aggregate nominal amount of £500,000 (five hundred thousand pounds), such authority, unless previously revoked or varied by the Company in general meeting, to expire on 30 June 2025 or, if earlier, the date of the Company's next annual general meeting, except that the directors of the Company may allot relevant securities pursuant to an offer or agreement made before the expiry of the authority. In this notice, Relevant Securities means any shares in the capital of the Company and the grant of any right to subscribe for, or convert any security into, shares in the capital of the Company. 

Special Resolutions

9.       That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice.

10.    That, under section 570 CA 2006, the directors of the Company are authorised, in addition to any previous authorities, which shall continue to apply, to allot equity securities, as defined in section 560 CA 2006, wholly for cash for the period commencing on the date of this resolution and expiring on the date of the Company's next annual general meeting, as if section 561 CA 2006 did not apply to such allotment, except that the directors of the Company may allot relevant securities following an offer or agreement made before the expiry of the authority and provided that the authority is limited to:

10.1       the allotment of equity securities in connection with a rights issue in favour of ordinary shareholders where their holdings are proportionate, as nearly as possible, to the respective number of ordinary shares held, or deemed to be held, by them, but subject to any exclusions or arrangements the directors think necessary or expedient for the purpose of dealing with fractional entitlements or legal or practical problems under the laws of any territory or the requirements of any recognised regulatory body or stock exchange in any territory;

10.2       the allotment of equity securities in connection with the issue of up to 8,313,532 shares in respect of the exercise of shares granted under warrants; and

10.3       the allotment of equity securities, otherwise than in accordance with paragraphs 10.1 and 10.2, up to a maximum nominal value of £125,000 (one hundred and twenty-five thousand pounds).

 - ENDS -

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ABOUT SEED CAPITAL SOLUTIONS PLC

Seed Capital Solutions Plc (LON: SCSP) is currently operating as a Special Purpose Acquisition Vehicle (SPAC) for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, thereby benefitting from the current trend of superior performance and increased investor appetite.