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 Identification code | Ordinary Shares of 5p in Biome Technologies plc. Identification code (ISIN) for Biome Technologies plc Ordinary Shares: GB00B9Z1M820 |
| b) | Nature of the transaction | Sale of Ordinary Shares |
| c) | Price(s) and volume(s) | Price: 111 pence
Volume: 13,333
|
| d) | Aggregated information - Aggregated volume - Price | n/a |
| 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 Identification code | Ordinary Shares of 5p in Biome Technologies plc. Identification code (ISIN) for Biome Technologies plc Ordinary Shares: GB00B9Z1M820 |
| b) | Nature of the transaction | Exercise of share options |
| c) | Price(s) and volume(s) | Price: 5 pence
Volume: 26,666
|
| d) | Aggregated information - Aggregated volume - Price | n/a |
| 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 Identification code | Ordinary Shares of 5p in Biome Technologies plc. Identification code (ISIN) for Biome Technologies plc Ordinary Shares: GB00B9Z1M820 |
| b) | Nature of the transaction | Purchase of Ordinary Shares |
| c) | Price(s) and volume(s) | Price: 119 pence
Volume: 13,333
|
| d) | Aggregated information - Aggregated volume - Price | n/a |
| 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 |
| Outside a trading venue | 5p | 16,710 |
Individual transactions:
| Number of Ordinary Shares disposed of | Transaction price | Time of transaction | Trading venue |
| 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 www.biomebioplastics.com and www.thinkbioplastic.com www.stanelcorftechnologies.com
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