12
June 2024
Biome Technologies
plc
("Biome", the "Company" or
the "Group")
Grant of
Options
Biome Technologies plc, a leading
bioplastics and radio frequency technology business, announces a
grant of options ("Options") over new ordinary shares of 5 pence
each in the Company ("Ordinary Shares").
Options have been granted in respect
of a total of 127,832 new Ordinary Shares to members of staff and
persons discharging managerial responsibilities ("PDMRs"). These
new Options represent, in aggregate, 3.38 per cent of the Company's
current issued share capital. Of these Options, 49,414 have been
granted to PDMRs, as detailed below, and the balance has been
granted to other Biome employees.
The Options are exercisable at 67.50
pence per Ordinary Share (being the closing mid-market price of an
Ordinary Share on 11 June 2024). Of these Options, 63,925 will vest
on the first practical date after signing of the annual report and
accounts for the year ending 31 December 2024 ("Vesting Date 1")
and 63,907 will vest on the first practical date after signing the
annual report and accounts for the year ending 31 December 2025
("Vesting Date 2"). Options which are not vested at Vesting Date 1
will roll over to Vesting Date 2.
The Options are conditional on the
recipients being employed by the Company on the specific vesting
dates. In addition, Options granted to PDMRs can only be
exercised if the average mid-market price of an Ordinary Share
exceeds 275 pence over the 60 dealing days prior to the relevant
vesting date.
The Options can be exercised from
the date of vesting until 5:00 p.m. on the business day before the
10th anniversary of the date of grant.
Certain PDMRs of the Company have
been granted Options as set out below:
|
|
Number of
Options Granted
|
Number of
Options Vesting Date 1
|
Number of
Options Vesting Date 2
|
|
Paul Mines
|
24,471
|
12,236
|
12,235
|
|
Stephen Baskerville
|
13,095
|
6,548
|
6,547
|
|
Sally Morley
|
11,848
|
5,924
|
5,924
|
Following the Options grant, the
Company will have 457,276 options over Ordinary Shares in issue,
representing 12.09 per cent. of the Company's current issued share
capital.
-Ends-
|
For
further information please contact:
|
|
Biome Technologies plc
Paul Mines, Chief Executive
Officer
Donna Simpson-Strange, Company
Secretary
|
|
www.biometechnologiesplc.com
|
Tel: +44 (0) 2380 867 100
|
|
Allenby Capital
|
|
David Hart/Alex Brearley (Nominated
Adviser)
Kelly Gardiner/Tony Quirke (Sales
and Corporate Broking)
|
|
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 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 ("Bioplastics") and Stanelco RF Technologies
Limited ("RF Technologies").
Biome Bioplastics is a leading
developer of highly-functional, bio-based and biodegradable
plastics. The division's mission is to produce bioplastics that
challenge the dominance of oil- based polymers.
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
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
Stephen
Baskerville
Sally
Morley
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
PDMRs of
Biome Technologies plc
|
|
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 Options over Ordinary
Shares
|
|
c)
|
Price(s)
and volume(s)
|
Price: 67.50 pence
|
PDMR
|
Number of Options
Granted
|
|
Paul Mines
|
24,471
|
|
Stephen Baskerville
|
13,095
|
|
Sally Morley
|
11,848
|
|
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
N/A
|
|
e)
|
Date of the transaction
|
12 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|