Agronomics Limited Director/PDMR Shareholding (3764U)
28 Marzo 2023 - 12:00AM
UK Regulatory
TIDMANIC
RNS Number : 3764U
Agronomics Limited
28 March 2023
28(th) March 2023
Agronomics Limited
("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 666,001
ordinary shares in the Company ("Ordinary Shares") at an average
price of 10.49 pence per share on 27(th) March 2023.
This is further to the 27(th) March 2023 announcement of Jim
Mellon's purchase of 50,000 ordinary shares at 10 pence per
share.
Following these transactions, Jim Mellon is interested in a
total of 154,161,364 Ordinary Shares, of which 139,448,621 are held
by Galloway Limited and 12,722,782 are held by Shellbay Investments
Limited, companies which are both indirectly wholly owned by Jim
Mellon, and 1,989,961 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/.
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 Cenkos Peterhouse TB Cardew
Limited Cornish Genuity Securities Capital
Limited Limited Plc Limited
The Company Nomad Joint Joint Joint Public Relations
Broker Broker Broker
========== ============== ============= =============== ========================
Richard Reed Roland Andrew Giles Lucy Williams Ed Orlebar
Denham Eke Cornish Potts Balleny Charles Alistair Walker
James Harry Michael Goodfellow
Biddle Rees Johnson
Alex Aylen
(Head
of Equities)
========== ============== ============= =============== ========================
+44 (0) 20 7930
0777
+44 (0) 1624 +44 (0) +44 (0) +44 (0) +44 (0) +44 (0) 7738
639396 207 628 207 523 207 397 207 469 724 630
info@agronomics.im 3396 8000 8900 0936 agronomics@tbcardew.com
========== ============== ============= =============== ========================
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END
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