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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Agronomics Limited | LSE:ANIC | London | Ordinary Share | IM00B6QH1J21 | ORD 0.0001P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 1.28% | 7.90 | 7.80 | 8.00 | 7.90 | 7.82 | 7.85 | 1,762,061 | 11:15:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 30.88M | 22.37M | 0.0222 | 3.56 | 79.74M |
TIDMANIC
RNS Number : 1460H
Agronomics Limited
30 July 2021
This announcement replaces the announcement with RNS number 0945H made at 12.02 today and which was published with the incorrect RNS headline "Net Asset Value calculation to 31 June 2021" whereas the correct headline is
"Net Asset Value calculation to 30 June 2021". All other text remains the same.
30 July 2021
Agronomics Limited
("Agronomics" or the "Company")
Net Asset Value calculation to 30 June 2021
Agronomics Limited (AIM:ANIC), a leading London listed company in alternative proteins with a focus on cellular agriculture and cultivated meat, announces that its unaudited Net Asset Valuation ("NAV") calculation as at closing on 30 June 2021 was 11.71 pence per share, including un-invested cash of GBP62.4 million. Net Assets stand at GBP93.6 million, including investments of GBP32.5 million. This quarter's NAV per share represents an increase of 88.2% from the previous quarter's NAV of 6.22 pence per share.
The share price of 23.7 pence at the 30 June 2021 close represents a premium of 118.8% to the NAV per share. Under IFRS, the Company's unquoted investments are carried at cost or the most recent priced funding round.
Richard Reed, Chairman of Agronomics, commented: -
"We are very grateful for the strong support we have received from new and existing shareholders. Our assets have continued to perform well and the broader developments across our holdings in the period have further strengthened our position as the largest listed company focused on the field of cellular agriculture."
The highlight for the Company was the successful completion of an over-subscribed fundraise during May 2021, raising net proceeds of GBP62.8 million and issuing in total 297,727,274 new ordinary shares.
During April 2021, Solar Foods Oy received a EUR10 million capital loan from the Finnish Climate Fund to build a new demonstration facility in Finland.
During April 2021, Legendairy Foods GmbH completed its rebranding to Formo as a consumer-facing brand, at the forefront of the future of cultivated dairy. Formo is the leading European player in the precision fermentation space, focusing on animal-free dairy products.
On 13 May 2021, the Company completed a secondary purchase of 117 shares in Meatable B.V., increasing its stake to 5.84% on a fully diluted basis.
On 28 May 2021, CellX completed its Seed Funding Round, resulting in the SAFE investment held by the Company converting into 230,681 preferred shares, leading to a 500% uplift in to the $50,000 investment.
On 24 June 2021, Agronomics sold its entire holding in Insilico Medicine, Inc, for total proceeds of $669,775, representing an IRR 54%. Insilico Medicine was a legacy portfolio holding, acquired between June 2017 and July 2018.
Any fees due to Shellbay Limited will be subject to the audited net asset value of the Company for the 30 June 2021 year-end.
Unaudited to 30 June 2021 GBP Fixed Assets Investments 32,504,962 Current Assets Uninvested Cash 62,436,497 Sundry Debtors 428,832 Current Liabilities Trade and Other Creditors (143,336) Future investment commitment (1,592,178) ------------- 93,634,777 Capital and Reserves Share Capital 799 Share Premium 91,458,482 Retained Earnings 2,175,496 ------------- 93,634,777 Shares in Issue 799,606,383 Net Asset Value per 11.71 pence share
The quoted investments within the portfolio are valued under IFRS at bid price.
Portfolio Details
Investments as at 30 June 2021 Value (GBP) % of Total Portfolio Quoted holdings 660,206 2.0% Unquoted holdings 30,252,578 93.1% Committed future investment 1,592,178 4.9% Total 32,504,962 100%
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
For further information please contact:
Agronomics Beaumont Cenkos Peterhouse TB Cardew Limited Cornish Limited Securities Capital Plc Limited The Company Nomad Joint Broker Joint Broker Public Relations ------------------ ------------------ --------------------- ------------------------ Richard Reed Roland Cornish Giles Balleny Lucy Williams Ed Orlebar Denham Eke James Biddle Michael Johnson Charles Goodfellow Joe McGregor ------------------ ------------------ --------------------- ------------------------ +44 (0) 20 7930 0777 +44 (0) 1624 +44 (0) 7738 724 639396 +44 (0) 207 +44 (0) 207 +44 (0) 207 630 info@agronomics.im 628 3396 397 8900 469 0936 agronomics@tbcardew.com ------------------ ------------------ --------------------- ------------------------
ENDS
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END
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(END) Dow Jones Newswires
July 30, 2021 12:34 ET (16:34 GMT)
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