RNS Number : 0197V

Biome Technologies PLC

09 April 2021

9 April 2021

Biome Technologies plc

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

PDMR Shareholding

Transaction in own shares

Biome Technologies plc, a leading bioplastics and radio frequency technology business, announces that, on 9 April 2021, 2,187 ordinary shares of 5p each in the Company ("Ordinary Shares") were transferred out of treasury to Sally Morley, the Managing Director of Biome Bioplastics, who is a person discharging managerial responsibilities. This transfer occurred at a deemed price of 360p per Ordinary Share, being the closing mid-market price on 8 April 2021, and has taken place as part payment of a bonus in recognition of the successful growth of Biome Bioplastics in 2020. Sally Morley has agreed with the Company not to sell these Ordinary Shares for a period of one year.

The FCA notification regarding transactions by persons discharging managerial responsibilities made in accordance with the requirements of the EU Market Abuse Regulation which forms part of Domestic UK Law pursuant to the European Union (Withdrawal) Act 2018, is appended below. In accordance with Article 5(1)(b) of the EU Market Abuse Regulation, the schedule below contains detailed information about the 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 16,710 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 3,737,197, 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 disposals of Ordinary Shares made by the Company.

Schedule of Disposals

 Shares disposed      Biome Technologies plc (ISIN: GB00B9Z1M820) 
 Date of disposals:   9 April 2021 
 Investment firm:     N/A 

Aggregate information:

 Venue                Volume-weighted   Aggregated volume 
                       average price, 
 Outside a trading 
  venue               360 p             2,187 

Individual transactions:

 Number of Ordinary   Transaction        Time of transaction   Trading venue 
  Shares disposed      price 
  of                   (pence per 
                       Ordinary Share) 
                                                               Outside a trading 
 2,187                360 p              10:12                  venue 

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                             Sally Morley 
     -------------------------------  -------------------------------------------- 
 2.   Reason for the Notification 
 a)   Position/status                  PDMR - Managing Director of Biome 
                                        Bioplastics Limited 
     -------------------------------  -------------------------------------------- 
 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               Ordinary shares of 5p in Biome Technologies 
       Financial instrument,            plc. Identification code (ISIN) for 
       type of instrument               Biome Technologies plc ordinary shares: 
      Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Bonus satisfied by receipt of ordinary 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                          p          2,187 
     -------------------------------  -------------------------------------------- 
 d)   Aggregated information: 
       --Aggregated volume               N/A 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          9 April 2021 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 


For further information please contact: Biome Technologies plc

Paul Mines, Chief Executive Officer

Rob Smith, Chief Financial Officer


Tel: +44 (0) 2380 867 100


Allenby Capital

David Hart/Alex Brearley (Nominated Adviser)

Kelly Gardiner (Sales and Corporate Broking)

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 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.biomebioplastics.com   and  www.thinkbioplastic.com 


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(END) Dow Jones Newswires

April 09, 2021 08:40 ET (12:40 GMT)