Last checked at 30 Jan 2020 16:10
30 January 2020
Biome Technologies plc
("Biome", "the Company" or "the Group")
Share option awards in lieu of historic bonuses
Notification of transactions by directors/persons discharging managerial responsibilities
As noted in the Company's report and accounts for the year ended 31 December 2018, the Board's remuneration committee provisionally granted bonuses to Biome's Executive Directors, Paul Mines and Declan Brown in relation to the 2018 financial year. These bonuses have been accrued but not paid.
The Company announces that the following share options have been granted in respect of all unpaid bonus amounts in lieu of cash payments.
Name of Individual |
Number of shares under option |
Exercise price per share |
Paul Mines (Director) | 26,666 | 5 pence |
Declan Brown (Director) | 18,733 | 5 pence |
Total | 45,399 |
|
These share options can be exercised at any time until 30 April 2022. No shares that are issued from options exercised can be sold, other than to settle any tax liability directly associated with the exercise of these share options, before 30 April 2020. The Board has resolved that Mr Brown's 18,733 options will not lapse when he leaves the Group, which, as previously announced is anticipated to occur at the end of April 2020.
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the option grants for directors and persons discharging managerial responsibilities (PDMRs).
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 | Paul Mines | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director - Chief Executive Officer | ||||
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 | Grant of option over ordinary shares of 5p in Biome Technologies plc | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Single transaction as in 4 c) above. An option to acquire 26,666 shares in Biome Technologies plc at 5 pence per share. | ||||
e) | Date of the transaction | 30 January 2020 | ||||
f) | Place of the transaction | Outside of trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Declan Brown | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director - Group Finance Director | ||||
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 | Grant of option over ordinary shares of 5p in Biome Technologies plc | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Single transaction as in 4 c) above. An option to acquire 18,733 shares in Biome Technologies plc at 5 pence per share. | ||||
e) | Date of the transaction | 30 January 2020 | ||||
f) | Place of the transaction | Outside of trading venue | ||||
-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 |
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