Update regarding Broker Option

RNS Number : 6570Z

Agronomics Limited

25 May 2021

 

25 May 2021

Agronomics Limited

("Agronomics" or the "Company")

Update regarding Broker Option

Further to the announcement made on 18 May 2021 regarding the proposed fundraising by the Company, Agronomics is pleased to announce that, in the light of investor demand reported as being six times oversubscribed, the number of ordinary shares available under the Broker Option granted to Peterhouse Capital Limited ("Peterhouse") has been increased from 9,090,909   to 13,636,364 Ordinary Shares (representing an increase of 50 per cent. to £3 million).

This increase will allow as many eligible investors as possible on the register on 10 May 2021 to be prioritised for participation in the Broker Option.   Peterhouse may choose not to accept applications and/or to accept applications, either in whole or in part, based on allocations determined at their sole discretion (after consultation with the Company) and may scale down any bids for this purpose on such basis as Peterhouse may determine.

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.

  For further information, please contact:

Agronomics Limited	Beaumont Cornish Limited	Cenkos Securities Plc	Peterhouse Capital Limited	TB Cardew
The Company	Nomad	Joint Broker	Joint Broker	Public Relations
Richard Reed Denham Eke	Roland Cornish James Biddle	Giles Balleny Michael Johnson	Lucy Williams Charles Goodfellow	Ed Orlebar Joe McGregor
[phone]	[phone]	[phone]	[phone]	[phone] [phone] [e-mail]

 

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