Business
Further Equity Fundraise of £5.5 million
Further Equity Fundraise of £5.5 million.
About this update from Agronomics Limited
[{"type":"text","content":"\n \nRNS Number : 8953A Agronomics Limited 24 January 2020 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. 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.\n24 January 2020\nAgronomics Limited\n(\"Agronomics\" or the \"Company\")\nFurther Equity Fundraise of £5.5 million\nAnd \nTotal Voting Rights\n \nThe Board of Agronomics is pleased to announce that, further to the successful fundraise announced on 9 December 2019 and subsequent investments in LegendDairy Foods, Meatable, Oritain and BlueNalu,the Company, via its Joint Brokers, Zeus Capital Limited and Peterhouse Capital Limited, has completed (subject to certain conditions) an additional fundraise of approximately £5.5 million less expenses of approximately £0.3 million (the \"Fundraise\") through the issue of 78,571,429 Ordinary Shares at a price of 7.0 pence per Ordinary Share. \nThe Fundraise has been undertaken to satisfy additional investor demand communicated to the Company and its brokers subsequent to the closing of the Company's previous fundraise in December 2019, and replenishes the funds available for investment by the Company following the completion of a number of investments in late 2019. Following the receipt of the Fundraise proceeds, the Company will have approximately £9.9 million available for investment.\nPursuant to the Fundraise, the Company intends to issue 78,571,429 new Ordinary Shares of £0.000001 each at a price of 7.0 pence per new Ordinary Share (the \"Placing Price\"), representing a discount of...