Director/PDMR/PCA Shareholding

RNS Number : 1737V

Biome Technologies PLC

04 April 2019

 

4 April 2019

Biome Technologies plc

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

Director/PDMR/PCA Shareholding

Biome Technologies plc, a leading bioplastics and radio frequency technology business, was notified on 2 April 2019 of the following transactions in the Company's ordinary shares of 5 pence each in the Company ("Ordinary Shares").

On 2 April 2019, John Standen, Non-Executive Chairman of the Company, transferred 1,000 Ordinary Shares to his spouse, Mrs K M Standen, at a price of 350p per Ordinary Share. On the same day, John Standen also sold 1,000 Ordinary Shares at a price of 350p per Ordinary Share and subsequently purchased 1,000 Ordinary Shares at a price of 351p per Ordinary Share into his personal ISA. In addition, and on the same day, Mrs K M Standen sold 1,000 Ordinary Shares at a price of 350p per Ordinary Share and subsequently purchased 1,000 Ordinary Shares at a price of 351p per Ordinary Share into her personal ISA.

As a result of these transactions, the combined holding of John Standen, Leapacross Ltd (a company controlled by John Standen) and Mrs K M Standen remains 53,336 Ordinary Shares, which represents approximately 2.26 per cent. of the voting rights over the Company's Ordinary Shares.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the requirements of the EU Market Abuse Regulation can be found below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Standen
2	Reason for the notification
a)	Position/status	Director - Non-Executive Chairman
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	Transfer of shares to spouse
c)	Price(s) and volume(s)	Price(s) Volume(s) 350 pence 1,000 ordinary shares
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	Outside of trading venue - transfer of existing ordinary shares

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Standen
2	Reason for the notification
a)	Position/status	Director - Non-Executive Chairman
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	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 350 pence 1,000 ordinary shares
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London Stock Exchange (XLON), AIM (BIOM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Standen
2	Reason for the notification
a)	Position/status	Director - Non-Executive Chairman
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	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 351 pence 1,000 ordinary shares
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London Stock Exchange (XLON), AIM (BIOM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mrs K M Standen
2	Reason for the notification
a)	Position/status	PCA with John Standen - Non-Executive Chairman
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	Transfer of shares from spouse
c)	Price(s) and volume(s)	Price(s) Volume(s) 350 pence 1,000 ordinary shares
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	Outside of trading venue - transfer of existing ordinary shares

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mrs K M Standen
2	Reason for the notification
a)	Position/status	PCA with John Standen - Non-Executive Chairman
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	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 350 pence 1,000 ordinary shares
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London Stock Exchange (XLON), AIM (BIOM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mrs K M Standen
2	Reason for the notification
a)	Position/status	PCA with John Standen - Non-Executive Chairman
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	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 351 pence 1,000 ordinary shares
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London Stock Exchange (XLON), AIM (BIOM)

-Ends-

For further information please contact: Biome Technologies plc
Paul Mines, Chief Executive Officer
Declan Brown, Group Finance Director
www.biometechnologiesplc.com	Tel: [phone]
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser) Kelly Gardiner (Broker)
www.allenbycapital.com	Tel: [phone]

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 £0.3m per annum average spend over the previous strategic objective cycle

www.biometechnologiesplc.com

www.biomebioplastics.com and www.thinkbioplastic.com 

www.stanelcorftechnologies.com

 

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