Biome Technologies PLC Proposed issue of shares to directors and dealings (9325M)
03 May 2018 - 12:27AM
UK Regulatory
TIDMBIOM
RNS Number : 9325M
Biome Technologies PLC
02 May 2018
Prior to its publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under Article 7 of the Market Abuse
Regulation (EU) No. 596/2014 ("MAR"). In addition, market soundings
(as defined in MAR) were taken in respect of the Proposed Share
Issue and the Proposed Share Sale (as defined below) with the
result that certain persons became aware of inside information, as
permitted by MAR. With the publication of this announcement, this
information is now considered to be in the public domain and those
persons who received inside information in a market sounding are no
longer in possession of such inside information relating to the
Company and its securities.
2 May 2018
Biome Technologies plc
("Biome", "the Company" or "the Group")
Proposed issue of shares to directors and PDMR dealings
The Company announces that, subsequent to the AGM and approval
of the 2017 annual report, its executive directors, Paul Mines and
Declan Brown, have elected to take their bonus entitlement for 2017
in shares instead of cash and have committed not to sell these
shares for a period of at least 12 months (other than to settle tax
liabilities directly associated with this issue of shares).
Following the completion of the issue of shares (the "Proposed
Share Issue") and a sale to settle tax liabilities (the "Proposed
Share Sale") it is intended that Paul Mines will increase his
holding of ordinary shares in the Company by 4,640 ordinary shares
and will hold 26,525 ordinary shares in the Company, representing
1.12% of the Company's enlarged ordinary issued share capital.
Following the completion of the Proposed Share Issue and the
Proposed Share Sale, Declan Brown will increase his holding of
ordinary shares in the Company by 3,262 ordinary shares and will
hold 3,970 ordinary shares in the Company, representing 0.17% of
the Company's enlarged ordinary share capital.
The details of the proposed transactions are as follows:
-- Under the Proposed Share Issue it is intended that Paul
Mines, Chief Executive Officer, will be issued 9,192 ordinary
shares and Declan Brown, Group Finance Director, will be issued
6,460 ordinary shares.
-- Under the Proposed Share Sale, in order to settle tax
liabilities that will be directly associated with the Proposed
Share Issue, Paul Mines intends to sell 4,552 ordinary shares and
Declan Brown intends to sell 3,198 ordinary shares.
Application has been made to the London Stock Exchange for
admission of the 15,652 new ordinary shares ("Admission") and,
subject to issue and allotment of these shares, dealings on AIM are
expected to occur on or around 4 May 2018. Following the issue and
allotment of these shares the total issued share capital and total
voting rights of the Company will be 2,363,188 ordinary shares with
voting rights.
-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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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