Business
Net Asset Value calculation to 30 September 2021
Net Asset Value calculation to 30 September 2021.
About this update from Agronomics Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4172R\n Agronomics Limited\n 05 November 2021\n \n \n \n \n 5th November 2021\n \n \n Agronomics Limited\n \n \n (\"Agronomics\" or the \"Company\")\n \n \n Net Asset Value calculation to 30 September 2021\n \n \n Agronomics Limited (AIM:ANIC), \n the leading listed company focused on the field of cellular agriculture\n , announces that the unaudited Net Asset Valuation (\"NAV\") calculation as at closing on 30 September 2021 was 12.99 pence per share, including un-invested cash of £55.1 million. Net Assets stand at £103.9 million, including investments of £50.5 million. This quarter's NAV per share represents an increase of 10.93% from the previous quarter's NAV of 11.71 pence per share. \n \n \n The share price of 27.5 pence at the 30 September 2021 close represents a premium of 111.7% to the NAV per share. Under IFRS, the Company's unquoted investments are carried at cost or the most recent priced funding round. \n \n \n Richard Reed, Chairman of Agronomics, commented: - \n \n \n \"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. Large and well-known institutional investors have begun investing in our portfolio companies, with this being a positive for both the Company and the wider industry as a whole.\n \n \n We continue to believe that there is significant intrinsic value not yet reflected in our financial accounts which will be recognised as our portfolio companies complete further priced funding rounds.\" \n \n \n During July 2021, BlueNalu, Inc,\n a leading innovative food company producing a variety of seafood products directly from fish cells, and CellX Limited,\n a China-based cellular agriculture company, reached the Semi-Finals of XPRIZE's 'Feed the Next Billion' competition, with the US $15 million competition being aimed at reinventing how humanity will feed future generations by incentivising the production of structured chicken breast or fish fillet alternatives that replicate or outperform conventional chicken and fish in access, environmental sustainability, animal welfare, nutrition and health, as well as taste and texture.\n \n \n On 16 July 2021, warrants issued by the Company as part of the May 2...