Byotrol Plc
("Byotrol" or the
"Company")
Secondary Trading on Asset Match
Following Cancellation
Byotrol Plc is pleased to announce that Asset Match (www.assetmatch.com)
have been appointed to facilitate secondary trading in the New
Ordinary shares following the upcoming
cancellation of admission to trading on AIM (the
"Cancellation").
As previously announced, following
approval by shareholders at the General Meeting held on
22nd April 2024, the Cancellation will take effect from
7.00 a.m. on 30th April 2024.
Following the Cancellation, the New
Ordinary shares will be admitted to trading on the off-market
dealing facility on 30th April
2024.
Asset Match, a firm Authorised and
Regulated by the Financial Conduct Authority (FRN 579310), will
operate an electronic off-market dealing facility for the New
Ordinary shares. This facility will allow existing shareholders of
the Company ("Shareholders") and new investors to trade the New
Ordinary shares by matching buyers and sellers through periodic
auctions.
Investors are encouraged to register
on www.assetmatch.com
and add Byotrol Plc
to their 'Watchlist' to continue to receive
Company updates and auction/price information.
The Asset Match trading facility
operates under its own code of practice which governs the behaviour
of participants and the running of the periodic auctions. Asset
Match operates an open auction system where volumes of bids and
offers at different prices are displayed on-screen together with
the closing date of the auction. At the end of each auction period,
Asset Match passes this information through a non-discretionary
algorithm that determines a "market-derived" single clearing price
("Share Price") based on supply and demand and allocates
transactions accordingly. Bids and offers may be made, amended and
withdrawn at any time before the closing date of each
auction.
Shareholders will continue to be
able to hold their shares in uncertificated form (i.e. in CREST)
and should check with their existing stockbroker whether they are
willing or able to trade in unquoted shares. Shareholders wishing
to trade shares through Asset Match must do so through a
stockbroker. A comprehensive list of stockbrokers who have signed
up to access the Asset Match platform is available on
request.
Full details will be made available
to Shareholders on the Company's website at www.byotrol.com.
Investors may contact Asset Match in relation to any queries
regarding trading via the secondary market trading facility by
emailing dealing@assetmatch.com.
Further details of the Cancellation
and re-registration were set out in the circular dated 28 March
2024 ("the Circular"). A copy of the Circular is available on
the Company's website www.byotrol.com
Unless otherwise indicated, defined
terms in this announcement shall have the same meaning as described
in the Circular.
For
further information contact:
Byotrol Plc
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Ashley Head, Non- Executive
Chairman
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+44
(0)1925 742 000
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David Traynor, Interim Chief
Executive Officer
Chris Sedwell, Chief Financial
Officer
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|
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|
Asset Match
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+44 (0)20
7248 2788
|
Ben Weaver
Hannah Woodley
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Notes to
editors
Byotrol plc (BYOT.L), quoted on AIM, is a specialist infection
prevention and control company, operating globally in the animal
and human healthare, industrial, institutional and consumer
sectors, providing low toxicity products with a broad-based and
targeted efficacy across all microbial classes; bacteria, viruses
(including coronavirus), fungi, moulds, mycobacteria and
algae.
Byotrol's products can be used stand-alone or as ingredients
within existing products, where they can significantly improve
their performance, especially in personal hygiene, domestic and
industrial disinfection, odour control, food production and food
management.
Byotrol develops and commercialises technologies that create
easier, safer and cleaner lives for everyone.
For more information, go to byotrol.com