Agronomics Limited Replacement Warrant Final Exercise Dates Extension (2497B)
01 Junio 2023 - 1:00AM
UK Regulatory
TIDMANIC
RNS Number : 2497B
Agronomics Limited
01 June 2023
01 June 2023
The following amendments have been made to the Extension of
Warrant Final Exercise Dates released by Agronomics Limited on 31
May 2023 at 07:00am under RNS No 0841B .
In the second paragraph:
The date at which the unexercised warrants granted on 8 December
2021 were originally due to expire has been corrected from 1 June
2023 to 8 December 2023 and the date that they will now expire has
been corrected from 1 June 2024 to 8 December 2024.
All other details remain unchanged.
The full amended text is shown below.
Agronomics Limited
("Agronomics" or the "Company")
Extension of Warrant Final Exercise Dates
Agronomics (LSE: ANIC), the leading listed company focused on
the field of cellular agriculture, announces that the Company has
agreed an extension of 12 months for the final exercise date of
those unexercised warrants granted on 1 June 2021, issued in
relation to the equity fundraising announced on 11 May 2021, which
were due to expire on 1 June 2023, will now expire on 1 June 2024
with the exercise price of GBP0.285 as originally granted.
In addition, the Company has agreed an extension of 12 months
for the final exercise date of those unexercised warrants granted
on 8 December 2021, issued in relation to the equity fundraising
announced on 1 December 2021, which were due to expire on 8
December 2023 will now expire on 8 December 2024 with the exercise
price of GBP0.30 as originally granted.
The initial warrant issues were designed partially as a
long-term financing mechanism to allow for future investment in the
Company from existing investors to support the Company's existing
portfolio, as well as to identify new opportunities, with the aim
of creating value for shareholders. Given that the opportunity to
exercise the warrants has been affected by the wider market
downturn and the share price of the Company is significantly below
the exercise price of the relevant warrants, and in some cases the
timing of further investment rounds by existing portfolio companies
has also been delayed due to market conditions, the Company
believes an extension to be in the best interests of all
shareholders.
Both tranches of warrants are traded on J P Jenkins Limited (
https://jpjenkins.com/ ) with ISIN IM00BN29W767 and
IM00BP68CG25.
Further details are provided in the table below:
Issue Date Warrants Warrants Warrant Current New Expiry
Issued Not Yet Strike Expiry Date
Exercised Price Date
01/06/2021 297,727,274 297,105,682 GBP0.285 01/06/2023 01/06/2024
------------------------ ----------------------- -------------------- ---------------------- ----------------------
08/12/2021 138,368,193* 137,239,447 GBP0.300 08/12/2023 08/12/2024
------------------------ ----------------------- -------------------- ---------------------- ----------------------
* 10,000,000 of these warrants are held by Directors
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
====================== ====================== ====================== ======================
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END
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(END) Dow Jones Newswires
June 01, 2023 02:00 ET (06:00 GMT)
Agronomics (AQSE:ANIC.GB)
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