REG - Biome Technologies - Result of GM & update on Cancellation

Biome TechnologiesAnnouncement

13/03/2025 12:30

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RNS Number : 5966A  Biome Technologies PLC  13 March 2025

13 March 2025

 

Biome Technologies plc

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

 

Result of General Meeting and update on Cancellation

 

Biome Technologies plc, a leading bioplastics and radio frequency technology
business, announces that at the General Meeting held earlier today, all
resolutions put to Shareholders were duly passed.

 

The votes cast in respect of each resolution are as follows:

 

 No.  Resolution                                                                       For*        %     Against  %    Withheld**
 1    conditional upon the passing of Resolutions 2 and 3, to approve the              42,729,008  99.5  214,641  0.5  51,763
      Cancellation of the admission of the Ordinary Shares to trading on AIM
 2    conditional upon the passing of Resolutions 1 and 3 and the Cancellation         42,729,704  99.5  213,945  0.5  51,763
      becoming effective, to approve the adoption of the New Articles
 3    conditional upon the passing of Resolutions 1 and 2 and the Cancellation         42,729,704  99.5  213,945  0.5  51,763
      becoming effective, to approve the re-registration of the Company as a private
      limited company

 

* 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.

 

As a result of the passing of the Resolutions, trading in the Company's
Ordinary Shares on AIM will be cancelled at 07.00 a.m. on 21 March 2025.
Shareholders are therefore reminded that the last day of dealings in the
Company's Ordinary Shares on AIM will be 20 March 2025.

 

In accordance with the passing of the Resolutions, and subject to the
Cancellation becoming effective, the Company will re-register as a private
company limited by shares and adopt the new articles of association with
effect from such re-registration.

 

Further details of the Cancellation, including the full text of the
Resolutions, can be found in the circular which was published and sent to
shareholders on 20 January 2025 and is available on the Company's website at
 https://biometechnologiesplc.com/ (https://biometechnologiesplc.com/) .

 

Matched Bargain Facility

The Company is making arrangements for a Matched Bargain Facility to assist
Shareholders to trade in the Ordinary Shares to be put in place from the date
of the Cancellation. The Matched Bargain Facility is to be provided by JP
Jenkins. JP Jenkins is an appointed representative of Prosper Capital LLP,
which is authorised and regulated by the FCA.

It is intended that the Matched Bargain Facility will operate for a minimum of
six months after the Cancellation. The Directors' current intention is that it
will continue beyond that time, but Shareholders should note there remains a
risk that the Matched Bargain Facility may not remain in place for an extended
period of time and therefore inhibit the ability to trade the Ordinary Shares.
The Company would expect to update its website (see above) before withdrawal
of the Matched Bargain Facility.

Further details on the Matched Bargain Facility can be found in the circular
sent to shareholders on 20 January 2025 and referred to above.

There can be no guarantee as to the level of the liquidity or marketability of
the Ordinary Shares under the Matched Bargain Facility, or the level of
difficultly for Shareholders seeking to realise their investment under the
Matched Bargain Facility, or that the Matched Bargain Facility will remain in
place for an extended period of time.  If Shareholders wish to buy or sell
Ordinary Shares on AIM, they must do so prior to the Cancellation becoming
effective.

Capitalised terms used in this announcement shall have the meanings given to
such terms in the announcement issued by the Company dated 21 February 2025
unless otherwise defined herein.

 

 

-Ends-

 

 For further information please contact:
 Biome Technologies plc

 Donna Simpson-Strange, Company Secretary

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

 Allenby Capital
 David Hart/Alex Brearley/Lauren Wright (Nominated Adviser)

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

 

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