LONDON – Sealand Capital Galaxy Limited (LSE: SCGL), a company specializing in IT, social media, and technology opportunities, successfully passed all resolutions at its Annual General Meeting (AGM) held on monday The company also announced the completion of a partnership and investment agreement with EVOO AI PLC, a proprietary data platform with specialized AI learning models for the luxury goods sector.

At the AGM, the shareholders unanimously approved the directors’ reports and financial statements for the years ending December 31, 2019 to 2022. In addition, PKF Littlejohn LLP was reappointed as auditors, and the directors Elena Law and Geoffrey Griggs were re-elected.

Following the AGM, Sealand Capital confirmed the receipt of 111,000,000 ordinary shares in London Stock Exchange (LON:), is expected to become effective on January 14, 2025. This move is part of the company’s strategy to adopt disruptive technologies and strengthen its position in the market.

The partnership with EVOO AI follows a process of diligence, with the CEO of Sealand Capital, Elena Law, expressing confidence in the technology and commercial potential of the Olive platform in EVOO, a luxury e-commerce market. EVOO AI’s CEO, Neil Stevenson-Moore, emphasized Sealand’s strategic alignment, particularly leveraging Sealand’s APAC relationships for growth opportunities.

The terms of the investment include a £300,000 loan facility with EVOO, with interest accruing at 12% over an 18-month term. In addition, Sealand will receive 1,000,000 Share Purchase Warrants, with the option of conversion to ordinary shares at a price that may be lower than the IPO price.

The companies are planning a webinar to inform shareholders about the details of the partnership and investment, with further announcements expected in the new year.

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