Agronomics Limited Announces Dissolution of Meatable

Rhea-AI Summary

Agronomics (OTC:AGNMF) announced on 19 December 2025 that its portfolio company Meatable will be dissolved and all operating activities terminated following a board and shareholder resolution.

The company cited funding shortfalls and other risks during 2025 that prevented continued operations. Agronomics has invested £7.9m in Meatable, previously carried at £11.9m, and will write that investment down to zero. The write-off represented approximately 8.10% of Agronomics' NAV as at 30 September 2025. The wind-down will follow statutory liquidation procedures.

Positive

• Write-off confined to Agronomics' £7.9m investment
• Decision reached via board and shareholder resolution
• Wind-down to follow statutory liquidation procedures

Negative

• £7.9m investment written off to zero
• Carrying value reduced from £11.9m to zero
• Loss represented ~8.10% of Agronomics' NAV as at 30 Sep 2025
• Meatable ceases all operating activities due to funding failure

DOUGLAS, ISLE OF MAN / ACCESS Newswire / December 19, 2025 / Agronomics Limited ("Agronomics" or the "Company") (LSE:ANIC), a leading listed company focused on clean food, reports that the board and shareholders of its portfolio company Meatable B.V ("Meatable"), have resolved to dissolve the legal entity and its related group companies and to terminate all operating activities.

Throughout 2025, Meatable has been subject to a variety of foreseeable and unforeseeable risks and uncertainties, which have had an impact on the company's ability to execute its strategy and deliver its expected performance. In particular, the company was unable to obtain continued funding from either existing shareholders or from new investors. Following a thorough review of strategic options, the board and shareholders have concluded that an orderly wind-down of the business is the most appropriate course of action. The winding-up of Meatable will be conducted in accordance with the applicable statutory liquidation procedures.

To date, Agronomics has invested a total of £7.9 million in Meatable, which prior to this news was carried at £11.9 million and will now be written off to zero. This position represented c.8.10% of Agronomics' last stated Net Asset Value as at 30 September 2025.

Jim Mellon, Executive Chair of Agronomics, commented: "While this outcome is disappointing, we believe the decision has been taken responsibly and in the best interests of all stakeholders. Agronomics continues to actively manage its portfolio and remains focused on supporting its wider portfolio of businesses with strong long-term growth potential."

This announcement contains inside information for the purposes of Article 7 of 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 the publication of this announcement, this inside information is now considered to be in the public domain.

ENDS

About Agronomics

Agronomics is a leading London-listed company focused on investment opportunities within the field of cellular agriculture. The Company has established a portfolio of over 20 companies developing technologies that produce food and materials historically derived from animals, offering solutions for improved sustainability, human health, and food security.

A full list of Agronomics' portfolio companies is available at www.agronomics.im.

For further information, please contact:

Agronomics Limited	Beaumont Cornish Limited	Cavendish Capital Markets Limited	33Seconds Limited
The Company	Nomad	Joint Broker	Public Relations
Jim Mellon Denham Eke	Roland Cornish James Biddle	Giles Balleny Michael Johnson	Jack Ferris Amber Carr
+44 (0) 1624 639396 info@agronomics.im	+44 (0) 207 628 3396	+44 (0) 207 397 8900	agronomics@33seconds.co

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Agronomics Limited

View the original press release on ACCESS Newswire

FAQ

What did Agronomics (AGNMF) announce about Meatable on 19 December 2025?

Agronomics announced that Meatable will be dissolved, operations terminated, and Agronomics will write its investment down to zero.

How much will Agronomics write off for Meatable (AGNMF)?

Agronomics will write off its £7.9m investment in Meatable to zero.

What NAV impact does the Meatable write-off have for Agronomics (AGNMF)?

The write-off represented approximately 8.10% of Agronomics' last stated NAV as at 30 September 2025.

Why is Meatable being dissolved according to Agronomics (AGNMF)?

The board and shareholders cited funding shortfalls and other foreseeable and unforeseeable risks during 2025 that prevented continued operations.

Will Meatable's wind-down follow legal procedures for Agronomics (AGNMF)?

Yes; Agronomics says the winding-up will be conducted in accordance with applicable statutory liquidation procedures.