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Assignment of CLN Investment in EVOO AI plc

30th Apr 2026 07:00

RNS Number : 5613C
Sealand Capital Galaxy Limited
30 April 2026
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

30 April 2026

Sealand Capital Galaxy Limited

("Sealand" or the "Company")

Assignment of Convertible Loan Note Investment in EVOO AI plc

Sealand Capital Galaxy Limited (LSE: SCGL) notes recent market commentary and public regulatory filings regarding EVOO AI plc ("EVOO"), and announces that it entered into an agreement to assign its £300,000 Convertible Loan Note, together with associated warrants in EVOO, to VBG Consulting Holdings Limited, an unconnected third-party, for a cash consideration of £250,000.

 

Details of the Company's investment in, and relationship with, EVOO were set out in the Company's prospectus, dated 7 November 2025. The Master Services Agreement between the Company and EVOO, detailed in the prospectus, was not implemented and, following a review of corporate priorities, the parties did not pursue the SEA-VOO initiative further.

 

This is consistent with the Company's evolving corporate focus and previously communicated approach. Following completion of the assignment, the Company will have no remaining financial interest in EVOO.

 

Siqi (Daniel) Cao, Chief Executive Officer, commented:

 

"The completion of this transaction reflects our current priorities. It simplifies the Company's position, removes non-core exposure and allows management to remain focused on advancing Sealand's core opportunities. Building on the repositioning already undertaken, our focus is now on strengthening Sealand's technology and investment platform, progressing commercial opportunities and executing the next phase of the Company's growth strategy."

 

Enquiries:

 

Sealand Capital Galaxy Limited

Elena Suet Sum Law (Chairwoman)

Mr. Siqi Cao (Chief Executive Officer)

Geoffrey Griggs (Independent Non-executive Director)

Chong Sun Terng (Independent Non-Executive Director)

 

SPARK Advisory Partners Limited (Financial Adviser) +44 (0) 203 368 3550/3551

Mark Brady / Angus Campbell 

 

Media (PR/IR)

[email protected]

 

Noted to the Editors:

The Company's Shares are traded on the Equity shares (transition) category of the London Stock Exchange under ticker LSE: SCGL.

 

Further information on Sealand Capital Galaxy limited is available at:

www.sealandcapitalgalaxy.com

 

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