Agronomics Limited Exercise of Warrants (2138M)
January 19 2021 - 9:33AM
UK Regulatory
TIDMANIC
RNS Number : 2138M
Agronomics Limited
19 January 2021
19 January 2021
Agronomics Limited
("Agronomics" or the "Company")
Exercise of Warrants and Receipt of GBP138,965
Agronomics Limited (AIM:ANIC), a leading London listed investor
in alternative proteins with a focus on cellular agriculture and
cultivated meat, announces that pursuant to a receipt of notice for
the exercise of warrants, it is issuing 2,526,634 New Ordinary
Shares with a nominal value of GBP0.000001 each in the capital of
the Company (Shares) at a subscription price of 5.5p per Share The
Company has received gross proceeds of GBP138,965.
Application has been made for the Shares to be admitted to
trading on AIM ("Admission"), with Admission expected to occur by
circa 26 January 2021.
The Shares will rank pari passu with the existing Ordinary
Shares, including the right to receive all dividends and other
distributions declared after the date of their issue.
Following Admission of the Shares, the Company will have
501,879,109 ordinary shares with a nominal value of GBP0.000001
each each in issue with voting rights and admitted to trading on
AIM. This figure may then be used by shareholders in the Company as
the denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
For further information please contact:
Agronomics Beaumont Cenkos Peterhouse TB Cardew
Limited Cornish Limited Securities Capital
Plc Limited
The Company Nomad Joint Broker Joint Broker Public Relations
------------------ --------------- --------------------- ------------------------
Richard Reed Roland Cornish Giles Balleny Lucy Williams Ed Orlebar
Denham Eke James Biddle Nick Searle Charles Goodfellow Joe McGregor
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+44 (0) 20 7930
0777
+44 (0) 1624 +44 (0) 7738 724
639396 +44 (0) 207 +44 (0) 207 +44 (0) 207 630
info@agronomics.im 628 3396 397 8900 469 0936 agronomics@tbcardew.com
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About Agronomics
Agronomics is a leading listed investor in alternative proteins
with a focus on cellular agriculture and cultivated meat. The
Company has established a portfolio of 16 companies at the Seed to
Series B stage in this rapidly advancing sector. It seeks to secure
a 5-10% initial ownership in technologies with defensible
intellectual property that offer new ways of producing food and
materials with a focus on products historically derived from
animals. These technologies are driving a major disruption in
agriculture, offering solutions to improve sustainability, as well
as addressing human health, animal welfare and environmental
damage. This disruption will decouple supply chains from the
environment and animals, as well as being fundamental to feeding
the world's expanding population. A full list of Agronomics'
portfolio companies is available at https://agronomics.im/
About the Cultivated Meat Sector
Funding in the cultivated meat sector is growing rapidly with c
US$ 170 million invested globally between 2016-2019 and over US$
270 million already raised in 2020 alone. Additional financings are
anticipated as the capital requirements of these companies grows to
build out and scale up manufacturing facilities. Currently it is
estimated that there are 60 companies globally within the sector.
AT Kearney, a global consultancy, has predicted that Cultivated
Meat's market share of meat consumption will be 35% by 2040.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the
publication of this announcement via a Regulatory Information
Service ('RIS'), this inside information is now considered to be in
the public domain.
ENDS
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