REG - Biome Technologies - Result of General Meeting and TVR

Biome TechnologiesAnnouncement

04/09/2024 14:45

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RNS Number : 9316C  Biome Technologies PLC  04 September 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE
REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE
IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR
CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY
PERSON TO PURCHASE AND/OR SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY
SECURITIES IN BIOME TECHNOLOGIES PLC OR ANY OTHER ENTITY IN ANY JURISDICTION.
NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE
BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN
RESPECT OF BIOME TECHNOLOGIES PLC.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

 

4 September 2024

 

Biome technologies plc

("Biome" or the "Company")

 

Result of General Meeting

and

Total Voting Rights

 

Biome Technologies plc, a leading bioplastics and radio frequency technology
business, is pleased to announce that, at its General Meeting held earlier
today, the Resolutions were duly passed on a show of hands without amendment.

 

For information, the proxy votes received from Shareholders on each Resolution
prior to the meeting were as follows:

 

 Resolution  Votes in favour*  %      Votes against  %     Votes withheld**
 1           18,232,188        98.81  220,049        1.19  3,752
 2           18,232,188        98.81  220,049        1.19  3,752

 

* Includes those votes giving the Chairman discretion.

**A vote withheld is not a vote in law and is therefore not counted towards
the proportion of votes "in favour" or "against" the resolutions. The number
of Ordinary Shares in issue on 4 September 2024 was 29,555,814. Shareholders
were entitled to one vote per share.

 

Accordingly, the Second Subscription and the Retail Offer, details of which
were set out in the Company's announcement on 16 August 2024 (the "Launch
Announcement") are expected to complete, conditional on Second Admission (as
defined below), at 8.00 a.m. on 6 September 2024 (or such later time the
Company may agree, but in any event by no later than 8.00 a.m. on 16 September
2024).

 

Admission and Total Voting Rights

 

Application has been made to the London Stock Exchange for 3,200,000 new
Ordinary Shares in respect of the Retail Offer (the "Retail Offer Shares") and
18,800,000 Second Subscription Shares (together with the Retail Offer Shares,
the "New Ordinary Shares") to be admitted to trading on AIM ("Second
Admission"). It is expected that Admission will become effective, and dealings
in the New Ordinary Shares will now commence, at 8:00 a.m. on 6 September
2024. Following Second Admission, the total number of Ordinary Shares and
voting rights in the Company will be 51,555,814 and this figure may be used by
Shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Paul Mines, Chief Executive Officer of the Company.

 

Unless otherwise defined, definitions contained in this announcement have the
same meaning as set out in the Launch Announcement.

 

Enquiries:

 Biome Technologies plc                                                         Tel: +44 (0) 2380 867 100
 Paul Mines, Chief Executive Officer

 Donna Simpson-Strange, Company Secretary

 Allenby Capital                                                                Tel: +44 (0) 20 3328 5656
 David Hart/Alex Brearley/Lauren Wright (Nominated Adviser)
 Kelly Gardiner/Tony Quirke (Sales and Corporate Broking)

 

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 ("Bioplastics") and
Stanelco RF Technologies Limited ("RF Technologies").

 

Biome Bioplastics is a leading developer of highly-functional, bio-based and
biodegradable plastics. The division'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 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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