BIF – Acquires shares in CellCo

Page 1 of 1


12 July 2022
Booster Innovation Fund adds CellCo to its investment portfolio

Booster is pleased to announce the addition of CellCo to the Booster Innovation Fund (BIF) portfolio.

CellCo is an agricultural company working on cellular agriculture. It specialises in development of
alternative proteins. CellCo was formed in 2022, and is classified as seed stage, with its technology
origins being from University of Auckland.

BIF has made an initial cash investment of $125,000. Following this transaction (and issue of additional
units to fund the purchase), Cell Co will represent 1.3% of BIF’s investment portfolio of 24 companies,
and with a net asset value of over $9.6m.

Investors can continue to purchase units in BIF on the NZX or can subscribe for units in the fund as part of
the process described in the fund’s Product Disclosure Statement (PDS) that is available at
www.booster.co.nz

For further information regarding BIF visit https://www.booster.co.nz/booster-investments/booster-
innovation-fund.aspx





For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300


About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of
the Booster Group which has been helping New Zealanders save since 1998. The group currently
administers superannuation and investment funds of over $5 billion on behalf of more than 170,000 New
Zealanders.
BIF is a managed investment fund that invests in early-stage companies founded on intellectual property
originated or developed in New Zealand.
For more information, including a copy of the Product Disclosure Statement, please visit
www.booster.co.nz