23 Jul 2021 14:50
23 July 2021
BiON plc
("BiON" or "the Company")
Malpom Update
BiON (AIM: BION), an environmental engineering, wastewater treatment and renewable energy solutions company, gives notice that, on 22 July 2021, a fire occurred at the neighbouring palm oil mill to the Company's biogas power plant located in Malpom, Penang. The Company's plant has not been damaged, but the significant impact of the fire on the mill will prevent it from providing the Company's plant with the required feedstock to enable power generation. Consequently, the Company has been required to shut down operations at the plant until further notice.
The Company will provide a further update as appropriate in due course.
Enquiries:
BiON plc |
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Datuk Syed Nazim bin Syed Faisal, CEO Fakrizzaki Ghazali, CFO | +603 6413 1085 |
Elle Sia, UK Country Manager www.bionplc.com | +44 20 3633 0891 |
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Beaumont Cornish Limited (Nominated Adviser) |
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Roland Cornish, Felicity Geidt | +44 20 7628 3396 |
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VSA Capital Limited (Joint Broker) |
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Andrew Raca, Maciek Szymanski, Vivian Papasotiriou (Corporate Finance) | +44 20 3005 5000 |
Andrew Monk (Corporate Broking) |
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Optiva Securities Limited (Joint Broker) |
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Vishal Balasingham | +44 20 3137 1903 |
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Luther Pendragon (Financial PR Adviser) |
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Claire Norbury | +44 20 7618 9100 |