Agronomics Limited Exercise of Warrants (9132X)
10 January 2022 - 07:12PM
UK Regulatory
TIDMANIC
RNS Number : 9132X
Agronomics Limited
10 January 2022
10 January 2022
Agronomics Limited
("Agronomics" or the "Company")
Exercise of Warrants
Agronomics Limited (AIM:ANIC), a leading listed company focused
on cellular agriculture, announces that pursuant to the receipt of
notice for the exercise of warrants, it is issuing 5,872 new
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, and 567,012 new Shares at a subscription price of 28.5p
per Share. The Company has received gross proceeds of
GBP163,360.
Application has been made for the 572,884 new Shares to be
admitted to trading on AIM ("Admission"), with Admission expected
to occur on or around 14 January 2022.
The new Shares will rank pari passu with the existing Shares,
including the right to receive all dividends and other
distributions declared after the date of their issue.
Following Admission of the new Shares, the Company will have
938,590,207 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.
For further information please contact:
Agronomics Beaumont Cenkos Peterhouse Capital
Limited Cornish Limited Securities Plc Limited TB Cardew
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
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+44 (0) 20 7930 0777
+44 (0) 7738 724 630
+44 (0) 1624 639396 agronomics@tbcardew.co
info@agronomics.im +44 (0) 207 628 3396 +44 (0) 207 397 8900 +44 (0) 207 469 0936 m
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About Agronomics
Agronomics is a leading listed alternative proteins company 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 minority
stakes 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, 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
approximately US$ 170 million invested worldwide between 2016-2019
and over US$ 270 million 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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