REG - Agronomics Limited - Exercise of Warrants

AgronomicsAnnouncement

12/04/2024 07:00

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RNS Number : 3601K  Agronomics Limited  12 April 2024

12 April 2024

Agronomics Limited

("Agronomics" or the "Company")

Exercise of Warrants

Total Voting Rights

Agronomics Limited (AIM:ANIC), a leading listed company focused on cellular
agriculture, announces that pursuant to the receipt of notices for the
exercise of warrants, it is issuing 42 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. The Company has received gross proceeds of £12.60.

Application has been made for 42 Shares to be admitted to trading on AIM
("Admission"), with Admission expected to occur on or around 17 April 2024.

The Shares will rank pari passu with the existing Ordinary Shares, including
the right to receive all dividends and other distributions declared after the
date of their issue.

Following Admission of the Shares, the Company will have 1,009,409,792
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.

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/) .

 

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.

 

For further information please contact:

 

 Agronomics Limited                               Beaumont Cornish Limited  Canaccord Genuity Limited  Cavendish Securities Plc  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
 +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 (mailto:info@agronomics.im)

 

 

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