Last checked at 1 Apr 2021 10:04
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-weightedaverage price, pence | Aggregated volume |
Outside a trading venue | 330p | 37,053 |
Individual transactions:
Number of Ordinary Shares purchased | Transaction price(pence per Ordinary Share) | Time of transaction | Trading venue |
25,224 | 330p | 07.49 | Outside a trading venue |
11,829 | 330p | 07.52 | Outside a trading venue |
Schedule of Disposals
Shares disposed of: | Biome Technologies plc (ISIN: GB00B9Z1M820) |
Date of disposals: | 1 April 2021 |
Investment firm: | N/A |
Aggregate information:
Venue | Volume-weightedaverage price, pence | Aggregated volume |
Outside a trading venue | 330p | 18,156 |
Individual transactions:
Number of Ordinary Shares disposed of | Transaction price(pence per Ordinary Share) | Time of transaction | Trading venue |
18,156 | 330p | 07.50 | Outside a trading 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