REG - Biome Technologies - Grant of Options

Biome TechnologiesAnnouncement

10/10/2023 16:45

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RNS Number : 6805P  Biome Technologies PLC  10 October 2023

10 October 2023

Biome Technologies plc

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

Grant of Options

Biome Technologies plc, a leading bioplastics and radio frequency technology
business, announces a grant options ("Options") over new ordinary shares of 5
pence each in the Company ("Ordinary Shares").

Options have been granted in respect of a total of 260,618 new Ordinary Shares
to members of staff and persons discharging managerial responsibilities
("PDMRs"). These new Options represent, in aggregate, 6.89 per cent of the
Company's current issued share capital. Of these Options, 158,346 have been
granted to PDMRs, as detailed below, and the balance has been granted to other
Biome employees.

 

The Options are exercisable at 137.5 pence per Ordinary Share (being the
closing mid-market price of an Ordinary Share on 9 October 2023). Of these
Options, 130,302 will vest on the first practical date after signing of the
annual report and accounts for the year ending 31 December 2023 ("Vesting Date
1") and 130,316 will vest on the first practical date after signing the annual
report and accounts for the year ending 31 December 2024 ("Vesting Date 2").
Options which are not vested at Vesting Date 1 will roll over to Vesting Date
2.

 

The Options are conditional on the recipients being employed by the Company on
the specific vesting dates.  In addition, Options granted to PDMRs can only
be exercised if the average mid-market price of an Ordinary Share exceeds 250
pence over the 60 dealing days prior to the relevant vesting date. The Options
can be exercised from the date of vesting until 5:00 p.m. on the business day
before the 10th anniversary of the date of grant.

 

Certain PDMRs of the Company have been granted options as set out below:

 

                      Number of Options Granted  Number of Options Vesting Date 1  Number of Options Vesting Date 2
 Paul Mines           56,727                     28,363                            28,364
 Robert Smith         40,909                     20,454                            20,455
 Stephen Baskerville  30,355                     15,177                            15,178
 Sally Morley         30,355                     15,177                            15,178

 

 For further information please contact:

 Biome Technologies plc

 Paul Mines, Chief Executive Officer
 Rob Smith, Chief Financial Officer
 www.biometechnologiesplc.com  Tel: +44 (0) 2380 867 100

 Allenby Capital
 David Hart/Alex Brearley (Nominated Adviser)

 Kelly Gardiner/Tony Quirke (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 the value-added pricing can be justified and 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 and 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.

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 and other industrial markets.

www.biometechnologiesplc.com www.biomebioplastics.com and
www.thinkbioplastic.com www.stanelcorftechnologies.com

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Paul Mines

                                                                   Robert Smith

                                                                   Stephen Baskerville

                                                                   Sally Morley
 2    Reason for the notification
 a)   Position/status                                              PDMRs of Biome Technologies plc
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Biome Technologies plc
 b)   LEI                                                          213800B9QI14B12TAO51
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary Shares of 5p in Biome Technologies plc.

      Identification code                                          Identification code (ISIN) for Biome Technologies plc Ordinary Shares:
                                                                   GB00B9Z1M820
 b)   Nature of the transaction                                    Grant of options over Ordinary Shares

 c)   Price(s) and volume(s)                                       Price: 137.5 pence

PDMR                 Number of Options Granted

                                                                   Paul Mines           56,727
                                                                   Robert Smith         40,909
                                                                   Stephen Baskerville  30,355
                                                                   Sally Morley         30,355
 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      10 October 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

10 October 2023

f)

Place of the transaction

Outside a trading venue

 

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