Business
Portfolio Company Update: Meatable
Portfolio Company Update: Meatable.
About this update from Agronomics Limited
[{"type":"text","content":"\n \n \n \n Agronomics Limited\n \n \n \n \n (\"Agronomics\" or the \"Company\")\n \n \n \n \n Portfolio Company Meatable Unveil its Cultivated Pork Sausage\n \n \n \n \n \n \n \n \n Agronomics Limited (AIM:ANIC), a leading listed company focused on cellular agriculture, is pleased to announce that its existing portfolio company, the Dutch cultivated meat company Meatable B.V. (\"Meatable\") has revealed the first images of its cultivated pork sausage product, created using real meat, produced differently. Images can be seen\n \n \n here\n \n \n . This marks a major milestone for the Dutch company as they approach wide-scale commercialisation, which they expect to occur in 2025, if not sooner.\n \n \n \n \n \n Agronomics holds 4,859 shares in Meatable, representing an equity ownership of 5.84% on a fully diluted basis. Subject to audit, Agronomics carries this position in its accounts at a book value of\n €8.15 million, representing an unrealised gain on cost of €2.95 million, following Meatable's completion of its US$ 47 million Series A financing announced in\n \n \n March 2021.\n \n \n \n \n \n \n \n The full announcement is set out below with no material changes or adjustments:\n \n \n \n \n \n \n \n \n \n Leading cultivated meat company Meatable reveals its groundbreaking pork sausages product for the first time\n \n \n \n \n \n \n \n \n ● Industry-leading food company Meatable is developing cultivated pork and beef with groundbreaking technology\n \n \n ● Meatable is on a mission to create real meat that can serve the planet's growing appetite without harming the environment or animals in the process\n \n \n ● Major milestone reached for the Dutch company as it reveals images of its pork sausages for the first time\n \n \n ● Meatable expects to sell its first products to consumers in 2025 - if not sooner\n \n \n \n \n \n \n 20 July, Delft -\n \n Meatable, the industry-leading food company that is developing cultivated pork and beef with groundbreaking technology, is today revealing images of its pork sausage for the first time. The cultivated sausage is the first product to be announced by the Dutch company, which\n aims to create real meat that can serve the planet's growing appetite without harming the environment or animals in the process.\n \n \n \n \n \n \n The sausage o...