REG - Biome Technologies - Appointment of Non-Executive Director

Biome TechnologiesAnnouncement

25/05/2023 15:00

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RNS Number : 7011A  Biome Technologies PLC  25 May 2023

25 May 2023

Biome Technologies plc

("Biome", the "Group" or the "Company")

Appointment of Non-Executive Director

 

Biome Technologies plc, a leading bioplastics and radio frequency technology
business, is pleased to announce that, as indicated in the Chairman's
Statement accompanying the Company's Report and Accounts for 2022 and in the
announcement of the recent Convertible Loan Note fundraising, Martin
Rushton-Turner has been appointed a Non-Executive Director of the Company and
will join the Board with immediate effect.

 

Mr Rushton-Turner is, and has been, a significant investor in Biome since 2010
and currently holds 13.31 per cent of the voting rights in the Company and
approximately 35 per cent of the Company's Convertible Loan Notes. He retired
from Swiss Reinsurance Group ("Swiss Re") in 2014 and has since focused his
attention and resources on a number of early-stage companies and investments
where his roles have included being an adviser, chairman or director.

 

Mr Rushton-Turner worked at Swiss Re from 2001 to 2014, initially as Head of
the Strategic Transactions Group which focused on transactions between Swiss
Re and corporate and financial institutions, from 2008 to 2010 as Head of
Legacy, the division formed to house and manage down the "bad bank" businesses
of Swiss Re, and thereafter as Special Advisor to the Swiss Re Group CFO.
Prior to Swiss Re, Mr Rushton-Turner was Head of the Debt Structuring Group at
Greenwich NatWest, having joined NatWest in 1993.

 

Mr Rushton-Turner qualified as a chartered accountant at Coopers & Lybrand
in 1990, as a Barrister in 1991 and as a New York attorney in 1992. He holds
an LLB from University College London (UCL) and is an Honorary Fellow of UCL.

John Standen, Chairman, commented:

"We are delighted to be able to welcome Martin to our Board. He has been very
supportive of Biome throughout his 12 years of association with us, both as a
significant shareholder and through his regular interaction at results time
with members of the Board. He has great insights into our sector and has
enormous understanding of the complexities which can affect a growing business
with innovative technology. We are looking forward to working with him more
closely."

 

Regulatory Disclosures

In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies,
John Martin Rushton-Turner, aged 58, is, or has been during the last five
years, a director or partner of the following companies/partnerships:

 

 Current directorships/partnerships     Past directorships/partnerships
 Itero Technologies Limit               Good Film Productions Limited

 Itero Development Limited              Good Film Productions (PK) Limited

 Intelligent Power Generation Limited   Daytime Productions Limited

 Particle Therapeutics Limited          Croydon Gasification Limited

 Garsington Technologies Limited        JDMS Technologies Limited

 Smart Diner Group Limited              IPG Transport Limited

 VOH Limited                            Intelligent Power Gen LLP

 Sage & Time LLP                        CGC (Pool Lane) Limited

 Inside Track Productions LLP           The Clean Gas Company (UK) Limited

 Green Park Climate Change LLP          George Films Limited

 

Martin Rushton-Turner holds 500,000 Ordinary Shares in the Company, which
represents 13.31 per cent of the voting rights in the Company. Martin
Rushton-Turner is also interested in £300,000 of Convertible Loan Notes in
the Company, details of which can be found in the Company's announcement dated
31 March 2023.

 

-Ends-

 

 For further information please contact:
 Biome Technologies plc
 John Standen, Chairman

 Donna Simpson-Strange, Company Secretary

 info@biometechnologiesplc.co.uk (mailto:info@biometechnologiesplc.co.uk)

 www.biometechnologiesplc.com                                               Tel: +44 (0) 2380 867 100

 Allenby Capital
 David Hart/Alex Brearley (Nominated Adviser)

 Kelly Gardiner (Sales and Corporate Broking)
 www.allenbycapital.com                                                     Tel: +44 (0) 20 3328 5656

 

 

About Biome

Biome Technologies plc is an AIM listed, growth-orientated, commercially
driven technology group. Our strategy is founded on building market-leading
positions based on patented technology and serving international customers in
valuable market sectors. We have chosen to do this by developing products in
application areas where value-added pricing can be justified and which are not
reliant on government legislation. These products are driven by customer
requirements and are compatible with existing manufacturing processes. They
are market rather than technology-led.

The Group comprises two divisions, Biome Bioplastics Limited ("Bioplastic")
and Stanelco RF Technologies Limited ("RF Technologies").

Biome Bioplastics is a leading developer of highly-functional, bio-based and
biodegradable plastics. The company's mission is to produce bioplastics that
challenge the dominance of oil-based polymers.

Stanelco RF Technologies designs, builds and services advanced radio frequency
(RF) systems. Dielectric and induction heating products are at the core of a
product offering that ranges from portable sealing devices to large furnaces
for the fibre optics markets.

www.biometechnologiesplc.com (http://www.biometechnologiesplc.com)
www.biomebioplastics.com (http://www.biomebioplastics.com) and
www.thinkbioplastic.com (http://www.thinkbioplastic.com)
www.stanelcorftechnologies.com (http://www.stanelcorftechnologies.com)

 

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