Agronomics Limited Exercise of Warrants & Total Voting Rights (9271P)
October 12 2023 - 4:47AM
UK Regulatory
TIDMANIC
RNS Number : 9271P
Agronomics Limited
12 October 2023
12 October 2023
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 374 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 GBP112.20
Application has been made for 374 Shares to be admitted to
trading on AIM ("Admission"), with Admission expected to occur on
or around 18 October 2023.
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
993,154,244 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 listed alternative proteins company with
a focus on cellular agriculture and cultivated meat. The Company
has established a portfolio of over 20 companies at the Pre-Seed to
Series C 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 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 $1.8 trillion investment
will be required in order to produce just 10% of the world's
protein using this technology, means that we are on the cusp of a
multi-decade flow of capital to build out manufacturing facilities.
Funding in the field of cellular agriculture is accelerating,
however still less than US$ 5 billion has been invested worldwide
since the industry's inception in 2016.
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
========== ============== =============== =============== ===========================
Richard Reed Roland Andrew Giles Balleny Lucy Williams Bob Huxford
Denham Eke Cornish Potts Michael Charles Anthony
James Harry Johnson Goodfellow Hughes
Biddle Rees
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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