TIDMBIOM
RNS Number : 8333B
Biome Technologies PLC
12 October 2020
12 October 2020
Biome Technologies plc
("Biome", "the Company" or "the Group")
Result of General Meeting
Total Voting Rights
Biome announces that at the General Meeting of the Company held
earlier today, all resolutions were passed. The proxy votes
received from shareholders on each resolution are set out
below.
Resolutions Votes for* % Votes against % Votes Votes
total withheld*
*
1. To grant authority
to directors to allot
shares pursuant to
the Fundraise 1,080,103 98.6 15,653 1.4 1,095,756 354
2. To disapply pre-emption
rights in relation
to shares issued
pursuant to the Fundraise 1,080,457 98.6 15,653 1.4 1,096,110 0
3. To grant authority
to directors to allot
shares equivalent
to up to nominal
value of up to one
third of the Company's
Enlarged Share Capital 610,783 97.1 17,954 2.9 628,737 467,373
4. To disapply pre-emption
rights in relation
to the allotment
of shares equivalent
to 10% of the Company's
Enlarged Share Capital 612,730 97.4 16,007 2.6 628,737 467,373
*Includes those votes giving the Chairman discretion
**A vote "withheld" is not a vote in law and is not counted
towards the votes cast "for" or "against" a resolution
Following shareholder approval at the General Meeting, the
618,003 Second Placing Shares are expected to be admitted to
trading on AIM on 14 October 2020. Further details on the Second
Placing Shares and the Fundraise are contained within the Company's
announcement of 24 September 2020.
Admission and Total Voting Rights
Application has been made for 618,003 new ordinary shares in the
Company ("New Ordinary Shares"), which will rank pari passu with
the existing ordinary shares in the Company, to be admitted to
trading on AIM ("Admission"). Admission is expected to occur at
8.00 a.m. on 14 October 2020, following which the total number of
ordinary shares and voting rights in the Company will be 3,673,525
.
The figure of 3,673,525 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 share capital of the Company pursuant to the FCA's
Disclosure Guidance and Transparency Rules.
Director Shareholdings
Paul Mines, Chief Executive Officer, and John Standen,
Non-Executive Chairman of the Company, subscribed for 12,500
Ordinary Shares each in the Second Placing. Following Admission,
Paul Mines will hold 44,025 Ordinary Shares, representing
approximately 1.20 per cent. of the Company's issued ordinary share
capital on Admission. Following Admission, John Standen will have a
beneficial interest in 70,836 Ordinary Shares, representing
approximately 1.93 per cent. of the Company's issued ordinary share
capital on Admission.
Capitalised terms used but not defined in this announcement
shall have the meanings given to such terms in the announcement
issued by the Company dated 24 September 2020 unless otherwise
defined herein.
For further information please contact:
Biome Technologies plc
Paul Mines, Chief Executive Officer
Donna Simpson-Strange, Company Secretary
info@biometechnologiesplc.co.uk
Tel: +44 (0) 2380 867 100
www.biometechnologiesplc.com
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser)
Kelly Gardiner (Equity Sales)
Tel: +44 (0) 20 3328 5656
www.allenbycapital.com
About Biome
Biome Technologies plc is an AIM quoted, 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
value-added pricing can be justified and that 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 and
Stanelco RF Technologies Limited.
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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