REG - Biome Technologies - Result of AGM, Interim CFO and Directorate Change

Biome TechnologiesAnnouncement

29/05/2024 11:00

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RNS Number : 2850Q  Biome Technologies PLC  29 May 2024

29 May 2024

 

Biome Technologies plc

("Biome", the "Company" or the "Group")

 

Result of AGM, Interim CFO and Director Change

 

Biome Technologies plc, a leading bioplastics and radio frequency technology
business, is pleased to announce that at the Company's Annual General Meeting
("AGM") held earlier today, all of the resolutions were passed.

 

For information, the proxy votes received prior to the meeting were as
follows:

 

 No.  Resolution                                                                   For*       Against  Withheld**
 1    To receive the annual report and financial statements for the year ended 31  1,608,380  354      2,907
      December 2023.
 2    To re-elect Simon Herrick as non-executive director.                         1,339,992  271,215  434
 3    To re-elect John F Standen as non-executive director.                        1,339,815  271,392  434
 4    To elect John Martin Rushton-Turner as non-executive director.               1,339,992  271,392  257
 5    To re-appoint Evelyn Partners LLP as auditors of the Company.                1,342,418  1,282    267,941
 6    To authorise the Directors to determine the remuneration of the auditors.    1,343,992  3,885    263,764
 7    To authorise the Directors to allot relevant securities.                     1,344,920  266,464  257
 8    To enable the directors to allot shares for cash for pre-emptive issues.     721,986    264,768  624,887
 9    To authorise the company to purchase its own shares.                         1,353,068  258,139  434
 10   Directors to allot relevant securities (with reference to the Company's      1,340,661  270,723  257
      Convertible Loan Notes issued on 11 March 2024).
 11   Directors' power to issue shares for cash (with reference to the Company's   1,347,346  264,038  257
      Convertible Loan Notes issued on 11 March 2024).

* Includes those votes giving the Chairman discretion

** A vote "withheld" is not a vote in law and is not counted towards the votes
cast "for" or "against" a resolution.

In respect of Resolution 8, a poll was called at the AGM to clarify the voting
intentions of one shareholder who had withheld his vote via proxy.  That
shareholder approved the passing of Resolution 8 in the poll.  The full
results of the poll are 885,418 votes in favour of the passing of Resolution 8
(77%) and 264,768 votes against the passing of Resolution 8 (23%), with
461,455 votes being withheld.

Interim CFO and directorate change

The Company is pleased to announce that Paul Elswood has joined the Company as
an interim Chief Financial Officer in a non-Board capacity. Paul Elswood is a
Chartered Institute of Management Accountants qualified senior financial
executive.  Paul has previously held financial roles at AFC Energy Plc,
Invinity Energy Systems Plc and Hogg Robinson Group Plc.

In addition, and further to the Company's announcement of 11 March 2024, Rob
Smith has now ceased his responsibilities as the Company's Chief Financial
Officer and has ceased to be a director of the Company with immediate effect.

The Company is continuing its search for a permanent Chief Financial Officer
and will provide updates on this in due course. It is expected that Paul
Elswood will work to ensure the effective transition of his responsibilities
to his successor with the intention that there will be an orderly handover
period once a permanent candidate has been identified.

 

-Ends-

 For further information please contact:
 Biome Technologies plc

 Paul Mines, Chief Executive Officer

 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)

 

 

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