Agronomics Limited Exercise of Warrants and TVR (2254Z)
10 January 2024 - 6:00PM
UK Regulatory
TIDMANIC
RNS Number : 2254Z
Agronomics Limited
10 January 2024
10 January 2024
Agronomics Limited
("Agronomics" or the "Company")
Exercise of Warrants
Total Voting Rights
Agronomics Limited (AIM:ANIC), a leading listed company focused
on cellular agriculture, announces that pursuant to the receipt of
notices for the exercise of warrants, it is issuing new 1,659
Ordinary Shares with a nominal value of GBP0.000001 each in the
capital of the Company ("Shares") at a subscription price of 30.0p
per Share. The Company has received gross proceeds of GBP497.70
Application has been made for 1,659 Shares to be admitted to
trading on AIM ("Admission"), with Admission expected to occur on
or around 16 January 2024.
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
993,155,529 ordinary shares with a nominal value of GBP0.000001
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.
About Agronomics
Agronomics is a leading London-listed company focussing on
investment opportunities within the field of cellular agriculture.
The Company has established a portfolio of over 20 companies in
this rapidly advancing sector. It seeks to invest in companies
owning 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 and improve food
security for the world's expanding population. A full list of
Agronomics' portfolio companies is available at
https://agronomics.im/ .
About Cellular Agriculture
Cellular Agriculture is the production of agriculture products
directly from cells, as opposed to raising an animal for slaughter
or growing crops. This encompasses cell culture to produce
cultivated meat and materials, and fermentation processes that
harness a combination of molecular biology, synthetic biology,
tissue engineering and biotechnology to massively simplify
production methods in a sustainable manner.
Over the coming decades, the source of the world's food supply
traditionally derived from conventional agriculture is going to
change dramatically. We have already witnessed the first wave of
this shift with the consumer adoption of plant-based alternative
proteins but today, we are on the cusp of an even bigger wave of
change. This is being facilitated by advances in cellular
agriculture. This change is necessary, given scientists' claims
that if we maintain existing animal protein consumption patterns,
then we will not meet the Paris Agreement's goal of limiting
warming to 1.5 .
AT Kearney, a global consultancy firm, projects that cultivated
meat's market share will reach 35% by 2040. This combined with the
Good Food Institute's estimate that a US $1.8 trillion investment
will be required in order to produce just 10% of the world's
protein using this technology, means that we are on the cusp of a
multi-decade flow of capital to build out manufacturing
facilities
For further information please contact:
Agronomics Beaumont Canaccord Cavendish Peterhouse SEC Newgate
Limited Cornish Genuity Securities Capital
Limited Limited Plc Limited
The Company Nomad Joint Joint Broker Joint Public Relations
Broker Broker
========== ============== =============== =============== ===========================
Jim Mellon Roland Andrew Giles Balleny Lucy Williams Bob Huxford
Denham Eke Cornish Potts Michael Charles Anthony
James Harry Johnson Goodfellow Hughes
Biddle Pardoe
Alex Aylen
(Head
of Equities)
========== ============== =============== =============== ===========================
+44 (0) 1624 +44 (0) +44 (0) +44 (0) +44 (0)
639396 207 628 207 523 207 397 207 469
info@agronomics.im 3396 8000 8900 0936 agronomics@secnewgate.co.uk
========== ============== =============== =============== ===========================
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