REG - Biome Technologies - Issue of Equity, Director/PDMR Shareholding & TVR

Biome TechnologiesAnnouncement

31/05/2023 07:00

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RNS Number : 0819B  Biome Technologies PLC  31 May 2023

31 May 2023

 

Biome Technologies plc

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

 

Exercise of options, transaction in own shares, issue of equity and
director/PDMR shareholdings

 

Total voting rights

 

Biome Technologies plc, a leading bioplastics and radio frequency technology
business, announces the following transactions involving the Company's
ordinary shares of 5p each ("Ordinary Shares").

 

Biome has received an exercise notice from its Chief Executive Officer, Paul
Mines, in respect of share options over 26,666 Ordinary Shares granted on 30
January 2020 in lieu of a bonus accrued in 2018 and exercisable at 5p per
share. The Company satisfied this exercise of share options on 30 May 2023, by
transferring 16,710 Ordinary Shares out of treasury and via the allotment of
9,956 new Ordinary Shares.  An application to the London Stock Exchange for
the admission of 9,956 new Ordinary Shares to trading on AIM ("Admission") has
been made and Admission is expected to occur on 5 June 2023.

 

Additionally, the Company was notified on 30 May 2023 that Paul Mines sold
13,333 Ordinary Shares on 30 May 2023 at a price of 111 pence per Ordinary
Share in order to cover his tax and National Insurance liabilities arising
from the exercise of share options referred to above. Following this sale and
the receipt of Ordinary Shares from his option exercise, Paul Mines will have
a total beneficial holding of 57,358 Ordinary Shares, which is equivalent to
1.52% of the voting rights in the enlarged issued share capital of the
Company.

 

The Company was also notified on 30 May 2023 that Robert Smith, Biome's Chief
Financial Officer, purchased 13,333 Ordinary Shares on 30 May 2023 into his
personal ISA at a price of 119 pence per Ordinary Share. Following this
purchase, Robert Smith will have a total beneficial holding of 18,901 Ordinary
Shares, which is equivalent to 0.50% of the voting rights in the enlarged
issued share capital of the Company.

 

Following these transactions, there are no Ordinary Shares held in treasury by
the Company. Upon Admission, the total number of Ordinary Shares in issue will
be 3,782,596. Therefore, upon Admission, the total number of voting rights in
the Company will be 3,782,596, which may be used by shareholders as the
denominator for the calculations by which they can determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules sourcebook.

 

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
 2    Reason for the notification
 a)   Position/status                                              Director - Chief Executive Officer
 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 (ISIN)

                                                            for Biome Technologies plc Ordinary Shares: GB00B9Z1M820
      Identification code
 b)   Nature of the transaction                                    Sale of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price: 111 pence

                                                                   Volume: 13,333

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      30 May 2023
 f)   Place of the transaction                                     London Stock Exchange (XLON), AIM

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Paul Mines
 2    Reason for the notification
 a)   Position/status                                              Director - Chief Executive Officer
 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 (ISIN)

                                                            for Biome Technologies plc Ordinary Shares: GB00B9Z1M820
      Identification code
 b)   Nature of the transaction                                    Exercise of share options
 c)   Price(s) and volume(s)                                       Price: 5 pence

                                                                   Volume: 26,666

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      30 May 2023
 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Robert Smith
 2    Reason for the notification
 a)   Position/status                                              Director - Chief Financial Officer
 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 (ISIN)

                                                            for Biome Technologies plc Ordinary Shares: GB00B9Z1M820
      Identification code
 b)   Nature of the transaction                                    Purchase of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price: 119 pence

                                                                   Volume: 13,333

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      30 May 2023
 f)   Place of the transaction                                     London Stock Exchange (XLON), AIM

 

 

Schedule of detailed information regarding disposals of Ordinary Shares made
by the Company.

Schedule of Disposals

 Shares disposed of:  Biome Technologies plc (ISIN:  GB00B9Z1M820)
 Date of disposals:   30 May 2023
 Investment firm:     N/A

 

Aggregate information:

 Venue                    Volume-weighted        Aggregated volume

average price, pence
 Outside a trading venue  5p                     16,710

 

Individual transactions:

 Number of Ordinary Shares disposed of  Transaction price            Time of transaction  Trading venue

(pence per Ordinary Share)
 16,710                                 5p                           30 May 2023          Outside a trading venue

 

 

-Ends-

 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 (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 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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