REG - Agronomics Limited - Exercise of Shellbay options

AgronomicsAnnouncement

18/03/2025 07:00

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RNS Number : 9970A  Agronomics Limited  18 March 2025

 

Agronomics Limited

18 March 2025

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

("Agronomics" or the "Company")

Director Dealings

Exercise of Shellbay options

Agronomics (LSE: ANIC), a leading listed company in the field of clean food,
announces that the Company has been notified by Shellbay Investments
Limited ("Shellbay") that an advisory consultant to Shellbay has elected to
exercise the nil paid options granted by Shellbay in relation to certain
shares of the Company held by Shellbay. The option holder has exercised
options over 2,289,549 shares, and the transfer of these shares to the option
holder will occur with immediate effect.

Shellbay is a company indirectly wholly owned by Jim Mellon, the Executive
Chair of the Company.

Following the exercise of options and resulting transfer of the Company shares
to the consultant, Shellbay holds, in aggregate, 24,097 Ordinary Shares of the
Company, of which 24,097 shares remain subject to the 2024 Options.

The total issued share capital of 1,009,417,295 ordinary shares with a
nominal value of £0.000001 remains unchanged.

Following the exercise of Options, the interests of the Directors in Ordinary
Shares is as set out below:

                  No. of Ordinary Shares  % of current issued Ordinary Shares
 Jim Mellon*      158,117,002             15.66%
 Richard Reed**   6,354,412               0.63%
 David Giampaolo  2,434,783               0.24%
 Denham Eke       1,551,824               0.15%

 

*Jim Mellon is currently interested in a total of 158,117,002 Ordinary
Shares. 152,710,944 are held by Galloway Limited and 24,097 are held by
Shellbay, companies which are both indirectly wholly owned by Jim Mellon, and
5,381,961 Ordinary Shares are held directly by Jim Mellon. Denham Eke is a
director of Galloway Limited and Shellbay Investments Limited.

 

** Richard Reed is currently interested in 6,354,412 Ordinary Shares held
by Reepa Limited. Reepa Limited is wholly owned by Richard Reed.

 

About Agronomics

Agronomics is a leading London-listed company focussing on investment
opportunities within the field of clean food. 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/) .

 

This announcement contains inside information for the purposes of Article 7 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, this inside information is now
considered to be in the public domain.

 

 For further information please contact:

 

 Agronomics Limited  Beaumont Cornish Limited  Canaccord Genuity Limited        Cavendish Capital Markets Limited   Peterhouse Capital Limited  33Seconds Limited
 The Company         Nomad                     Joint Broker                     Joint Broker                        Joint Broker                Public Relations
 Jim Mellon          Roland Cornish            Andrew Potts                     Giles Balleny                       Lucy Williams               Jack Ferris

 Denham Eke          James Biddle              Harry Pardoe                     Michael Johnson                     Charles Goodfellow          Calum Warren-Piper

                                               Alex Aylen (Head of Equities)

 

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.

END

 

 

 

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