REG - Agronomics Limited - Directors' Dealings

AgronomicsAnnouncement

09/05/2023 14:15

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RNS Number : 8291Y  Agronomics Limited  09 May 2023

9 May 2023

 

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

("Agronomics" or the "Company")

Directors' Dealings

Agronomics, the leading listed company focused on the field of cellular
agriculture, is pleased to confirm that Jim Mellon, Executive Director, a
PDMR, purchased an additional 392,000 ordinary shares in the Company
("Ordinary Shares") at an average price of 11.56 pence per share on 5th May
2023.

Following these transactions, Jim Mellon is interested in a total of
154,553,366 Ordinary Shares, representing 15.56% of the issued capital, of
which 139,448,641 are held by Galloway Limited and 12,722,764 are held by
Shellbay Investments Limited, companies which are both indirectly wholly owned
by Jim Mellon, and 2,381,961 Ordinary Shares are held directly by Mr Mellon.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS
SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

 

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 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 and be fundamental to feeding the world's expanding
population. A full list of Agronomics' portfolio companies is available at
https://agronomics.im/ (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 Genuity Limited       Cenkos                Peterhouse Capital

 Limited              Cornish Limited                                       Securities Plc        Limited
 The Company          Nomad                 Joint Broker                    Joint Broker          Joint Broker
 Richard Reed         Roland Cornish        Andrew Potts                    Giles Balleny         Lucy Williams

 Denham Eke           James Biddle          Harry Rees                      Michael Johnson       Charles Goodfellow

                                            Alex Aylen (Head of Equities)
 +44 (0) 1624 639396  +44 (0) 207 628 3396  +44 (0) 207 523 8000            +44 (0) 207 397 8900  +44 (0) 207 469 0936

 info@agronomics.im

 

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /
      person  closely associated
 a)  Name                                                         Jim Mellon
 2   Reason for notification
 a)  Position / status                                            Executive Director
 b)  Initial notification                                         Initial

     /Amendment
 3   Details of the issuer,  emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Agronomics Limited

 b)  LEI                                                          21380029M8MPIEQ3TL31
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  392,000 Ordinary shares of £0.000001 each in Agronomics Limited

     Identification code

                                                                  ISIN IM00B6QH1J21
     Nature of the transaction                                    Market purchase of Ordinary Shares

 c)  Price(s) and volumes(s)

Price(s)       Volumes(s)
                                                                   11.56 pence   392,000

 

 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      4 & 5 May 2023
 f)  Place of the transaction                                     On market

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

4 & 5 May 2023

f)

Place of the transaction

On market

 

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