Business
Results of the Placing and Subscription
Results of the Placing and Subscription.
About this update from Agronomics Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4081U\n Agronomics Limited\n 02 December 2021\n \n \n \n \n Results of the Placing and Subscription and Launch of Open Offer\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE GROUP TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER 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 PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n 2 December 2021\n \n \n Agronomics Limited\n \n \n (\"Agronomics\" or the \"Group\" or the \"Company\")\n \n \n Results of the Placing and Subscription\n \n \n Proposed Open Offer to raise up to £6.5 million\n \n \n Further to the announcement made on 1 December 2021 by the Company in connection with the proposed placing and subscription to raise a minimum of £25.0 million (the \"Placing Announcement\"), Agronomics, a leading listed investor in cellular agriculture, announces that it has successfully raised total gross proceeds of £27.75 million before expenses under the Placing and Subscription at an Issue Price of 23 pence per Unit. Each Unit consists of one ordinary share and one November 2021 Warrant.\n \n This includes amounts from Directors of the Company, including Jim Mellon through Galloway Limited, who have confirmed their intention to subscribe for an additional minimum of £2.3 million. As the Company is currently in a close period under MAR until the publication of its results for the financial year ended 30 June 2021, the Directors are not permitted to enter into a subscription agreement until after publication of these results (and subject to each not being in possession of any other unpublished price sensitive information at such time). It is expected that the Re...