Last checked at 17 Jun 2019 16:12
17 June 2019
Biome Technologies plc
("Biome", "the Company" or "the Group")
Director/PDMR/PCA Shareholding
Biome Technologies plc, a leading bioplastics and radio frequency technology business, was notified today of the following transactions in the Company's ordinary shares of 5 pence each ("Ordinary Shares").
On 17 June 2019, Leapacross Limited (a company controlled by John Standen, Non-Executive Chairman of the Company) sold 28,836 Ordinary Shares at a price of 400p per Ordinary Share. Simultaneously, John Standen purchased 14,418 Ordinary Shares at a price of 400.1p per Ordinary Share into his personal ISA. In addition, and at the same time, John Standen's spouse, Mrs K M Standen, purchased 14,418 Ordinary Shares at a price of 400.1p per Ordinary Share into her personal ISA.
As a result of these transactions, the combined beneficial holding of John Standen and Mrs K M Standen remains unchanged at 53,336 Ordinary Shares, which represents approximately 2.26 per cent. of the voting rights over the Company's Ordinary Shares.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the requirements of the EU Market Abuse Regulation can be found below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Leapacross Limited | ||||
2 | Reason for the notification | |||||
a) | Position/status | Leapacross Limited is a person closely associated with Biome Technologies plc's Non-Executive Chairman, John Standen, who is a person discharging managerial responsibilities | ||||
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 financial instrument, type of instrument Identification code | Ordinary shares of 5p in Biome Technologies plc. Identification code (ISIN) for Biome Technologies plc ordinary shares: GB00B9Z1M820 | ||||
b) | Nature of the transaction | Sale of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a | ||||
e) | Date of the transaction | 17 June 2019 | ||||
f) | Place of the transaction | London Stock Exchange (XLON), AIM (BIOM) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Standen | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director - Non-Executive Chairman | ||||
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 financial instrument, type of instrument Identification code | Ordinary shares of 5p in Biome Technologies plc. Identification code (ISIN) for Biome Technologies plc ordinary shares: GB00B9Z1M820 | ||||
b) | Nature of the transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a | ||||
e) | Date of the transaction | 17 June 2019 | ||||
f) | Place of the transaction | London Stock Exchange (XLON), AIM (BIOM) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mrs K M Standen | ||||
2 | Reason for the notification | |||||
a) | Position/status | Mrs Standen is a person closely associated with Biome Technologies plc's Non-Executive Chairman, John Standen, who is a person discharging managerial responsibilities | ||||
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 financial instrument, type of instrument Identification code | Ordinary shares of 5p in Biome Technologies plc. Identification code (ISIN) for Biome Technologies plc ordinary shares: GB00B9Z1M820 | ||||
b) | Nature of the transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a | ||||
e) | Date of the transaction | 17 June 2019 | ||||
f) | Place of the transaction | London Stock Exchange (XLON), AIM (BIOM) | ||||
-Ends-
For further information please contact: Biome Technologies plc | |
Paul Mines, Chief Executive Officer | |
Declan Brown, Group Finance Director | |
www.biometechnologiesplc.com | Tel: +44 (0) 2380 867 100 |
Allenby Capital | |
David Hart/Alex Brearley (Nominated Adviser) Kelly Gardiner (Broker) | |
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 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.
In 2018, the Board adopted the following three high level KPIs for the next three years to continue its ambitious momentum:
· Compound revenue growth of 25% per annum across the Group and 40% compound revenue growth in the Bioplastics division
· Diversify the Group's turnover by product and market to ensure that no one product or end customer contributes more than 15% of revenues by 2020
· Increase investment in the Group's next generation of products by spending significantly more per annum on average than the £0.3m per annum average spend over the previous strategic objective cycle
www.biometechnologiesplc.com
www.biomebioplastics.com and www.thinkbioplastic.com
www.stanelcorftechnologies.com