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Last checked at 
10 Jan 2022 08:12
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 £0.000001 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 £163,360.
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 £0.000001 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 Limited | Beaumont Cornish Limited | Cenkos Securities Plc | Peterhouse Capital Limited |
TB Cardew |
The Company | Nomad | Joint Broker | Joint Broker | Public Relations |
Richard Reed Denham Eke | Roland Cornish James Biddle | Giles Balleny Michael Johnson | Lucy Williams Charles Goodfellow | Ed Orlebar Joe McGregor |
+44 (0) 1624 639396 info@agronomics.im | +44 (0) 207 628 3396 | +44 (0) 207 397 8900 | +44 (0) 207 469 0936 | +44 (0) 20 7930 0777 +44 (0) 7738 724 630 agronomics@tbcardew.com |
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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