TIDMBIOM
RNS Number : 3031U
Biome Technologies PLC
01 April 2021
1 April 2021
Biome Technologies plc
("Biome", the "Group" or the "Company")
Issue of equity
Transaction in own shares
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").
On 30 March 2021, Biome received exercise notices from two
individuals in respect of a total of 56,871 options over Ordinary
Shares granted under the Company's 2017 Long Term Incentive Plan
and exercisable at 215p. Following this share option exercise, on 1
April 2021, in order to (i) minimise the dilution to shareholders
resulting from the issue of new Ordinary Shares pursuant to the
option exercise; and (ii) to facilitate the cashless exercise of
these options, certain of the new Ordinary Shares issued to the
option holders were contemporaneously bought back into or
transferred out of treasury by the Company on the same date.
Details of the issue and transfers of Ordinary Shares into or out
of treasury are as follows:
1. The Company issued and allotted 38,715 new Ordinary Shares to
one individual in relation to the exercise of share options. 25,224
of these Ordinary Shares were immediately purchased into treasury
by the Company at a price of 330p (being the closing mid-market
price on the last practicable date prior to the purchase) to enable
cashless exercise to occur.
2. The Company then transferred 18,156 Ordinary Shares from
treasury to a second individual in relation to the exercise of
share options. 11,829 of these Ordinary Shares were immediately
purchased into treasury by the Company at a price of 330p (being
the closing mid-market price on the last practicable date prior to
the purchase) to enable cashless exercise to occur.
The two individuals concerned have agreed with the Company not
to sell the Ordinary Shares they retained following the option
exercises for a period of one year.
Application has been made to the London Stock Exchange for
admission of 38,715 new Ordinary Shares to trading on AIM
("Admission") and dealings are expected to occur on 7 April
2021.
In accordance with Article 5(1)(b) of the EU Market Abuse
Regulation which forms part of Domestic UK Law pursuant to the
European Union (Withdrawal) Act 2018, the schedule below contains
detailed information about the purchases and disposals of Ordinary
Shares made by the Company.
Following these transactions, the total number of Ordinary
Shares held as treasury shares by the Company is 18,897 Ordinary
Shares. The total number of Ordinary Shares in issue is 3,753,907
(including Ordinary Shares held as treasury shares). Therefore, the
total number of voting rights in the Company is 3,735,010, 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.
Schedule of detailed information regarding the purchases and
disposals of Ordinary Shares made by the Company.
Schedule of Purchases
Shares purchased: Biome Technologies plc (ISIN: GB00B9Z1M820)
Date of purchase: 1 April 2021
Investment firm: N/A
Aggregate information:
Venue Volume-weighted Aggregated volume
average price,
pence
Outside a trading
venue 330p 37,053
Individual transactions:
Number of Ordinary Transaction Time of transaction Trading venue
Shares purchased price
(pence per
Ordinary Share)
Outside a trading
25,224 330p 07.49 venue
Outside a trading
11,829 330p 07.52 venue
Schedule of Disposals
Shares disposed Biome Technologies plc (ISIN: GB00B9Z1M820)
of:
Date of disposals: 1 April 2021
Investment firm: N/A
Aggregate information:
Venue Volume-weighted Aggregated volume
average price,
pence
Outside a trading
venue 330p 18,156
Individual transactions:
Number of Ordinary Transaction Time of transaction Trading venue
Shares disposed price
of (pence per
Ordinary Share)
Outside a trading
18,156 330p 07.50 venue
-Ends-
For further information please contact: Biome Technologies
plc
Paul Mines, Chief Executive Officer
Rob Smith, Chief Financial Officer
info@biometechnologiesplc.co.uk
Tel: +44 (0) 2380 867 100
http://www.biometechnologiesplc.com
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser)
Kelly Gardiner (Sales and Corporate Broking)
Tel: +44 (0) 20 3328 5656
www.allenbycapital.com
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 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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