RCS - Agronomics Limited - Portfolio Company Presentation Series – Formo Bio

AgronomicsAnnouncement

16/09/2024 12:00

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RNS Number : 3471E  Agronomics Limited  16 September 2024

RNS Reach

16th September 2024

Agronomics (https://agronomics.im/) Limited (https://agronomics.im/)

("Agronomics" or the "Company")

Portfolio Company Presentation Series - Formo Bio GmbH

Agronomics (LSE: ANIC), a leading listed company in the field of cellular
agriculture, is pleased to announce that it will be hosting the fourth
presentation in its Capital Markets portfolio series.

The Agronomics' Capital Markets Investor Presentation Series comprises
individual presentations from industry-leading companies in the cell culture
and precision fermentation sector within the Agronomics portfolio. For each
presentation, the portfolio company's management team will provide in-depth
insights into the purpose, market demand, technical milestones, and growth
strategy of the company, together with a Question & Answer session at the
end of the presentation. Agronomics expects to hold, on average, a
presentation every eight weeks.

The presentation will include the senior management team at Formo Bio GmbH
("Formo") on 26  September 2024 at 15:00 BST. Attendees are able to register
for the event using the following link:
https://us02web.zoom.us/webinar/register/WN_xiVZVFEnTnaQMeb6rIAjmg#/registration
(https://us02web.zoom.us/webinar/register/WN_xiVZVFEnTnaQMeb6rIAjmg#/registration)
.

After registering, attendees will receive a confirmation email containing
information about joining the webinar.

Formo is an innovative European fermentation startup that is redefining the
future of cheese. Founded in 2019, with locations in Berlin and Frankfurt,
Formo develops animal-free alternatives that combine taste and sustainability.
Using state-of-the-art fermentation technology, Formo creates cheese
alternatives that taste great and contribute positively to the environment.
Learn more at https://formo.bio/ (https://formo.bio/) .

Formo recently announced that it has successfully raised US$ 61 million in its
Series B funding round which will help the company achieve key milestones,
including international expansion, diversifying the product range, driving
revenue growth and achieving net profitability by 2027. Formo will also invest
in its technology platform to accelerate the commercialisation of animal-free
casein products, which will expand the portfolio to include hard cheeses,
opening further opportunities in the market.

In addition to the new financing, Formo announced that its first two cheese
products Frischhain and Camembritz, are now available at over 2,000 REWE,
BILLA and METRO stores across Germany and Austria.

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/ (https://agronomics.im/) .

For further information please contact:

 Agronomics Limited   Beaumont Cornish Limited  Canaccord Genuity Limited       Cavendish Capital Markets Limited  Peterhouse Capital Limited  SEC Newgate
 The Company          Nomad                     Joint Broker                    Joint Broker                       Joint Broker                Public Relations
 Jim Mellon           Roland Cornish            Andrew Potts                    Giles Balleny                      Lucy Williams               Bob Huxford

 Denham Eke           James Biddle              Harry Pardoe                    Michael Johnson                    Charles Goodfellow          Anthony Hughes

                                                Alex Aylen (Head of Equities)   Charlie Combe
 +44 (0) 1624 639396  +44 (0) 207 628 3396      +44 (0) 207 523 8000            +44 (0) 207 397 8900               +44 (0) 207 469 0936        agronomics@secnewgate.co.uk

 info@agronomics.im

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

 

 

 

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