TIDMANIC

RNS Number : 6570Z

Agronomics Limited

25 May 2021

25 May 2021

Agronomics Limited

("Agronomics" or the "Company")

Update regarding Broker Option

Further to the announcement made on 18 May 2021 regarding the proposed fundraising by the Company, Agronomics is pleased to announce that, in the light of investor demand reported as being six times oversubscribed, the number of ordinary shares available under the Broker Option granted to Peterhouse Capital Limited ("Peterhouse") has been increased from 9,090,909 to 13,636,364 Ordinary Shares (representing an increase of 50 per cent. to GBP3 million).

This increase will allow as many eligible investors as possible on the register on 10 May 2021 to be prioritised for participation in the Broker Option. Peterhouse may choose not to accept applications and/or to accept applications, either in whole or in part, based on allocations determined at their sole discretion (after consultation with the Company) and may scale down any bids for this purpose on such basis as Peterhouse may determine.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

For further information, please contact:

 
  Agronomics Limited   Beaumont Cornish   Cenkos Securities   Peterhouse Capital          TB Cardew 
                            Limited              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      Michael Johnson     Charles Goodfellow        Joe McGregor 
                      -----------------  ------------------  --------------------  ------------------------ 
                                                                                       +44 (0) 20 7930 
                                                                                             0777 
                                                                                         +44 (0) 7738 
    +44 (0) 1624         +44 (0) 207         +44 (0) 207          +44 (0) 207               724 630 
        639396             628 3396            397 8900             469 0936        agronomics@tbcardew.com 
                      -----------------  ------------------  --------------------  ------------------------

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END

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May 25, 2021 02:00 ET (06:00 GMT)

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