Agronomics Limited Directors' Dealings (8291Y)
09 Mayo 2023 - 8:08AM
UK Regulatory
TIDMANIC
RNS Number : 8291Y
Agronomics Limited
09 May 2023
9 May 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 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/ .
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 Cenkos Peterhouse Capital
Limited Cornish Limited 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
info@agronomics.im +44 (0) 207 628 3396 +44 (0) 207 523 8000 +44 (0) 207 397 8900 +44 (0) 207 469 0936
====================== ====================== ====================== ======================
1 Details of t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Jim Mellon
-------------------------- ---------------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status Executive Director
-------------------------- ---------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- ---------------------------------------
3 Details of t he issu er, e mission allow a n ce m a
r k et participan t, au ct ion plat for m, au ction
eer or auc tion monitor
-------------------------------------------------------------------
a) Name Agronomics Limited
-------------------------- ---------------------------------------
b) LEI 21380029M8MPIEQ3TL31
-------------------------- ---------------------------------------
4 Details of t he t ransact ion (s): section to be re
p eated for ( i) e a ch type of instr u m e n t; (ii)
each type of transac tion; (iii) each date; and ( iv)
each place w h ere transactions have b een condu cted
-------------------------------------------------------------------
a) Description of the 392,000 Ordinary shares of GBP0.000001
financial instrument, each in Agronomics Limited
t ype of instrument
I d e ntification ISIN IM00B6QH1J21
code
-------------------------- ---------------------------------------
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
-------------------------- ---------------------------------------
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END
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