TIDMBIOM

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.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                              Paul Mines 
     --------------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------ 
 a)   Position/status                   Director - Chief Executive Officer 
     --------------------------------  -------------------------------------------- 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  -------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                              Biome Technologies plc 
     --------------------------------  -------------------------------------------- 
 b)   LEI                               213800B9QI14B12TAO51 
     --------------------------------  -------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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      Ordinary Shares of 5p in Biome Technologies 
       instrument, type of instrument    plc. Identification code (ISIN) for 
       Identification code               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            n/a 
       - Aggregated volume 
       - Price 
     --------------------------------  -------------------------------------------- 
 e)   Date of the transaction           30 May 2023 
     --------------------------------  -------------------------------------------- 
 f)   Place of the transaction          London Stock Exchange (XLON), AIM 
     --------------------------------  -------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                              Paul Mines 
     --------------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------ 
 a)   Position/status                   Director - Chief Executive Officer 
     --------------------------------  -------------------------------------------- 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  -------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                              Biome Technologies plc 
     --------------------------------  -------------------------------------------- 
 b)   LEI                               213800B9QI14B12TAO51 
     --------------------------------  -------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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      Ordinary Shares of 5p in Biome Technologies 
       instrument, type of instrument    plc. Identification code (ISIN) for 
       Identification code               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            n/a 
       - Aggregated volume 
       - Price 
     --------------------------------  -------------------------------------------- 
 e)   Date of the transaction           30 May 2023 
     --------------------------------  -------------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  -------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                              Robert Smith 
     --------------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------------ 
 a)   Position/status                   Director - Chief Financial Officer 
     --------------------------------  -------------------------------------------- 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  -------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                              Biome Technologies plc 
     --------------------------------  -------------------------------------------- 
 b)   LEI                               213800B9QI14B12TAO51 
     --------------------------------  -------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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      Ordinary Shares of 5p in Biome Technologies 
       instrument, type of instrument    plc. Identification code (ISIN) for 
       Identification code               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            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      Biome Technologies plc (ISIN: GB00B9Z1M820) 
  of: 
 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   Transaction        Time of        Trading venue 
  Shares disposed      price              transaction 
  of                   (pence per 
                       Ordinary Share) 
                                                        Outside a trading 
 16,710               5p                 30 May 2023     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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END

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May 31, 2023 02:00 ET (06:00 GMT)

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