IN BRIEF: Seed Innovations plans tender offer, new investment policy
Seed Innovations Ltd - investor in life science and technology companies - Calls annual general meeting for August 13, at which the company will ask shareholders to approve a tender offer for up to 45% of its existing shares and a change in investment policy. Seed Innovations proposes to focus future investments on robotics and artificial intelligence. It says the tender offer and new investment policy follow the board's review of options to "reinvigorate the company with a view to narrowing the continually disproportionate discount of its share price" to net asset value, which it reported as 6.10 pence per share as of March 31. Read More