REG - Biome Technologies - Grant of Options

Biome TechnologiesAnnouncement

12/06/2024 07:15

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RNS Number : 0386S  Biome Technologies PLC  12 June 2024

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 (http://www.biometechnologiesplc.com)
www.biomebioplastics.com (http://www.biomebioplastics.com) and
www.thinkbioplastic.com (http://www.thinkbioplastic.com)
www.stanelcorftechnologies.com (http://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  Ordinary Shares of 5p in Biome Technologies plc.

      Identification code                                          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                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      12 June 2024
 f)   Place of the transaction                                     Outside a trading venue

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

 

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