Agronomics Limited Exercise of Warrants and Total Voting Rights (2769R)
05 Juillet 2022 - 8:00AM
UK Regulatory
TIDMANIC
RNS Number : 2769R
Agronomics Limited
05 July 2022
05 July 2022
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
notice for the exercise of warrants, it is issuing 28,308 new
Ordinary Shares with a nominal value of GBP0.000001 each in the
capital of the Company ("Shares") at a subscription price of 30.0p
per Share, and 3,700 new Shares at a subscription price of 28.5p
per Share. The Company has received gross proceeds of
GBP9,546.90.
Application has been made for the 32,008 new Shares to be
admitted to trading on AIM ("Admission"), with Admission expected
to occur on or around 8 July 2022.
The new Shares will rank pari passu with the existing Shares,
including the right to receive all dividends and other
distributions declared after the date of their issue.
Following Admission of the new Shares, the Company will have
977,978,674 ordinary shares with a nominal value of GBP0.000001
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.
For further information please contact:
Agronomics Beaumont Cenkos Peterhouse
Limited Cornish Securities Capital TB Cardew
Limited Plc Limited
The Company Nomad Joint Broker Joint Broker Public Relations
--------------- --------------- --------------- ------------------------
Richard Roland Giles Balleny Lucy Williams Ed Orlebar
Reed Cornish Michael Charles Charlotte Anderson
Denham James Biddle Johnson Goodfellow
Eke
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+44 (0) 20 7930
0777
+44 (0) +44 (0) +44 (0) +44 (0) +44 (0) 7738
1624 639396 207 628 207 397 207 469 724 630
info@agronomics.im 3396 8900 0936 agronomics@tbcardew.com
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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 22 companies at the Pre-Seed to
Series C stage 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, as well as being fundamental to feeding
the world's expanding population. A full list of Agronomics'
portfolio companies is available at 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 $1.8 trillion investment
will be required in order to produce just 10% of the world's
protein using this technology, means that we are on the cusp of a
multi-decade flow of capital to build out manufacturing facilities.
Funding in the field of cellular agriculture is accelerating,
however still less than US$ 4 billion has been invested worldwide
since the industry's inception in 2016.
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