Biome Technologies PLC Holdings in Company (7826S)
14 March 2019 - 12:54AM
UK Regulatory
TIDMBIOM
RNS Number : 7826S
Biome Technologies PLC
13 March 2019
13 March 2019
Biome Technologies plc
("Biome", "the Company" or "the Group")
Holdings in Company
Biome Technologies plc, a leading bioplastics and radio
frequency technology business, announces the following updates
regarding certain of the Company's significant shareholders.
The Company was informed on 10 March 2019 of certain changes to
the interests in ordinary shares of 5 pence each in the Company
("Ordinary Shares") of various members of the Pereira family (the
"Pereira Family"), which the Company understands have come about
primarily due to transfers of Ordinary Shares between certain
Pereira Family members in April 2018. In total the Pereira Family
are beneficially interested in a total of 700,841 Ordinary Shares,
which is equivalent to 29.63% of the current voting rights in the
Company.
The Company has been informed that Mr V Pereira has a beneficial
interest in 451,606 Ordinary Shares, which is equivalent to 19.09%
of the current voting rights in the Company. The Company was also
informed that Mr V Pereira's wife, Mrs G Pereira, has a beneficial
interest in 82,416 Ordinary Shares, which is equivalent to 3.48% of
the current voting rights in the Company.
The Company was further informed that Miss G Pereira and Miss B
Pereira, being the adult daughters of Mr V Pereira and Mrs G
Pereira, have beneficial interests in 79,286 Ordinary Shares and
78,149 Ordinary Shares respectively, which are equivalent to 3.35%
and 3.30% of the current voting rights in the Company.
The beneficial interest of another member of the Pereira Family
is below 3% of the current voting rights in the Company and
therefore does not represent a notifiable interest for the purposes
of the AIM Rules for Companies and the Disclosure Guidance and
Transparency Rules.
- 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
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 that 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.
In 2018, the Board has adopted the following three high level
KPIs for the next three years to continue its ambitious
momentum:
-- Compound revenue growth of 25% per annum across the Group and
40% compound revenue growth in the Bioplastics division
-- Diversify the Group's turnover by product and market to
ensure that no one product or end customer contributes more than
15% of revenues by 2020
-- Increase investment in the Group's next generation of
products by spending significantly more per annum on average than
the GBP0.3m per annum average spend over the previous strategic
objective cycle
www.biometechnologiesplc.com
www.biomebioplastics.com and http://www.thinkbioplastic.com/
www.stanelcorftechnologies.com
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END
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