Exercise of Shellbay options
An advisory consultant to Shellbay exercised nil paid options over 2,289,549 shares.
- Shares exercised 2,289,549
- Jim Mellon's shareholding 158,117,002 (15.66%)
- Total issued share capital 1,009,417,295
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Agronomics (LSE: ANIC), a leading listed company in the field of clean food, announces that the Company has been notified by Shellbay Investments Limited ("Shellbay") that an advisory consultant to Shellbay has elected to exercise the nil paid options granted by Shellbay in relation to certain shares of the Company held by Shellbay. The option holder has exercised options over 2,289,549 shares, and the transfer of these shares to the option holder will occur with immediate effect.
Shellbay is a company indirectly wholly owned by Jim Mellon, the Executive Chair of the Company.
Following the exercise of options and resulting transfer of the Company shares to the consultant, Shellbay holds, in aggregate, 24,097 Ordinary Shares of the Company, of which 24,097 shares remain subject to the 2024 Options.
The total issued share capital of 1,009,417,295 ordinary shares with a nominal value of £0.000001 remains unchanged.
Following the exercise of Options, the interests of the Directors in Ordinary Shares is as set out below:
| No. of Ordinary Shares | % of current issued Ordinary Shares | |
|---|---|---|
| Jim Mellon* | 158,117,002 | 15.66% |
| Richard Reed** | 6,354,412 | 0.63% |
| David Giampaolo | 2,434,783 | 0.24% |
| Denham Eke | 1,551,824 | 0.15% |
*Jim Mellon is currently interested in a total of 158,117,002 Ordinary Shares. 152,710,944 are held by Galloway Limited and 24,097 are held by Shellbay, companies which are both indirectly wholly owned by Jim Mellon, and 5,381,961 Ordinary Shares are held directly by Jim Mellon. Denham Eke is a director of Galloway Limited and Shellbay Investments Limited.
** Richard Reed is currently interested in 6,354,412 Ordinary Shares held by Reepa Limited. Reepa Limited is wholly owned by Richard Reed.
| Agronomics Limited | Beaumont Cornish Limited | Canaccord Genuity Limited | Cavendish Capital Markets Limited | Peterhouse Capital Limited | 33Seconds Limited |
| The Company | Nomad | Joint Broker | Joint Broker | Joint Broker | Public Relations |
| Jim Mellon Denham Eke | Roland Cornish James Biddle | Andrew Potts Harry Pardoe Alex Aylen (Head of Equities) | Giles Balleny Michael Johnson | Lucy Williams Charles Goodfellow | Jack Ferris Calum Warren-Piper |
Nominated Adviser
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.