Business
REPLACEMENT: Meatable completes EUR30m funding
REPLACEMENT: Meatable completes EUR30m funding.
About this update from Agronomics Limited
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT REPLACES THE ANNOUNCEMENT \"MEATABLE COMPLETES EUR35M SERIES B FINANCING ROUND\" OF 8 AUGUST 2023 WITH RNS NUMBER 64131. \n- in the headline and in the first paragraph the reference to \"€35 million of financing\" should read \"€30 million of financing\"\n- the following text from the third line of the first paragraph should be added in describing the Subscription: \"using cash from the Company's own resources. Agronomics also received 200 warrants exerciseable any time in the next five years at a price per share equivalent to the Subscription\"\n- the figure of €195k paid as a secondary transaction in May 2021 should read £195,632\n- the statement relating to Agronomics' investments should read \"will be carried at £11.8 million (€13.7 million)\", rather than €14.2 million; \"including an unrealised gain of £3.9 million (€4.5 million)\", rather than €5 million; \"and represents a gross IRR of 22.31%. Agronomics now holds an equity stake of 6.51%\", rather than 6.7%; \"in Meatable, with the position accounting for approximately 7.4%\", rather than 9%, \"of Agronomics' 30 June 2023 Net Asset Value (as adjusted for this investment)\"\n- in the third paragraph the phrase \"together with\" was omitted from the phrase \"led by Agronomics together with New Agrarian\"\n- and also in the third paragraph, the amount of the contribution from Invest-L should have read \"€15 million\", rather than €17 million.\nAll other text remains the same.\n9 August 2023\nAgronomics Limited\n(\"Agronomics\" or the \"Company\")\nMeatable Announces Successful €30 Million Series B Financing Round\nAgronomics (ANIC:LSE), the leading listed company focused on the field of cellular agriculture, is pleased to announce it has invested €4 million (the \"Subscription\") as part of Meatable's €30 million Series B financing round using cash from the Company's own resources. Agronomics also received 200 warrants, exercisable at any time in the next five years at a price per share equivalent to the Subscription. The funding round was co-led alongside New Agrarian Company Limited (\"New Agrarian\").\nAgronomics first invested €2 million in Meatable B.V. (\"Meatable\") in December 2019, fo...