RCS - Agronomics Limited - Edison issues update on Agronomics (ANIC)

AgronomicsAnnouncement

10/03/2023 07:15

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RNS Number : 4617S  Agronomics Limited  10 March 2023

London, UK, 10 March 2023

 

Edison issues update on Agronomics (ANIC)

Agronomics invests in cellular agriculture companies. Since mid-2022 it has
placed increasing emphasis on companies using precision fermentation
technology or providing contract precision fermentation services, as these
appear to have greater near-term commercial potential than cultivated meat and
seafood. Agronomics' NAV has risen almost 100% since the inception of the
current strategy in April 2019, and looks set to increase further as the
company's portfolio holdings receive regulatory approval for their products
and/or begin generating income. ANIC is the only UK-listed vehicle targeting
cellular agriculture, thus offering investors a rare opportunity to gain
exposure to this exciting and rapidly expanding, but difficult to access,
sector. The company is trading at a rare discount to NAV, providing investors
with a chance to gain exposure at a particularly attractive price.

 

ANIC's share price is trading at an uncharacteristic discount to cum-income
NAV, for reasons that, arguably, have little do with the company's
performance. In our view, this situation provides investors with an
opportunity that is unlikely to persist for too long, due to the increasing
appetite for sustainable investments and the scarcity of alternative
investment options in the cellular agriculture sector. The potential of
eventual valuation uplifts to ANIC's portfolio holdings should also support
the share price and diminish the discount over time.

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All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100
analysts covering every economic sector. Headquartered in London, Edison also
has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Joanne Collins +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

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