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LONDON - Seed Innovations Limited (AIM:SEED) announced Friday that it will hold its Annual General Meeting on August 13, 2025, where shareholders will vote on several significant proposals including a tender offer for up to 45% of the company’s issued ordinary shares.
According to a press release statement, the AIM-quoted investment company plans to shift its investing policy to focus more specifically on robotics and artificial intelligence opportunities, moving away from its current broader mandate in life sciences and technology ventures.
The company also announced proposed board changes that would take effect immediately following the AGM. Former chairman Jim Mellon would return to the board as Chairman, alongside Denham Eke as Non-Executive Director. Current CEO Ed McDermott and Executive Director Alfredo Pascual would step down from their positions.
Luke Cairns would revert to his role as Senior Independent (LON:IOG) Non-Executive Director, while Lance De Jersey would continue as Finance Director, subject to re-election.
The board changes and new investment focus come after discussions with Jim Mellon, who recently increased his stake in the company to over 18%.
The company stated that these proposals aim to address the "continually disproportionate discount of its share price to its NAV" and provide shareholders with options either to realize some of their investment through the tender offer or to remain invested under the new strategy.
The AGM will be held at Suite 8, 16-20 Upper House, Smith Street, St Peter Port, Guernsey, with virtual attendance available via Investor Meet Company. The company’s annual report, notice of AGM, and related documents are available on its website.
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