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New Consultancy Agreement and Related Party Transaction Agronomics, a leading listed company in alternative proteins with a focus on cellular agriculture and cultivated meat, announces that it has agreed revised terms of its consultancy agreement with Shellbay Limited ( Shellbay ), principally concerning the fee arrangements in connection with the provision of consultancy services to the Company by Shellbay. Background to and reasons for the changes to the agreement The Company has since 2011 had a consulting agreement with Shellbay which is owned by Mr Jim Mellon, Director and 22.75% shareholder in the Company, as reported annually in the Company s Report and Accounts. In December 2019, following shareholder feedback and in consultation with the Company s advisers, the terms of this agreement were altered for the subsequent 12 months on the basis that from January 2021 new arrangements would be put in place to (i) ensure the terms of Shellbay s