Grant of Options

Biome Technologies PLC

10 October 2023

 

10 October 2023

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 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 260,618 new Ordinary Shares to members of staff and persons discharging managerial responsibilities ("PDMRs"). These new Options represent, in aggregate, 6.89 per cent of the Company's current issued share capital. Of these Options, 158,346 have been granted to PDMRs, as detailed below, and the balance has been granted to other Biome employees. 

The Options are exercisable at 137.5 pence per Ordinary Share (being the closing mid-market price of an Ordinary Share on 9 October 2023). Of these Options, 130,302 will vest on the first practical date after signing of the annual report and accounts for the year ending 31 December 2023 ("Vesting Date 1") and 130,316 will vest on the first practical date after signing the annual report and accounts for the year ending 31 December 2024 ("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 250 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	56,727	28,363	28,364
Robert Smith	40,909	20,454	20,455
Stephen Baskerville	30,355	15,177	15,178
Sally Morley	30,355	15,177	15,178

For further information please contact:
Biome Technologies plc Paul Mines, Chief Executive Officer
Rob Smith, Chief Financial Officer
www.biometechnologiesplc.com	Tel: [phone]
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser) Kelly Gardiner/Tony Quirke (Sales and Corporate Broking)
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 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 and RF Technologies.

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.

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 and other industrial markets.

www.biometechnologiesplc.com www.biomebioplastics.com and www.thinkbioplastic.com 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 Robert Smith 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 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	Grant of options over Ordinary Shares
c)	Price(s) and volume(s)	Price: 137.5 pence PDMR Number of Options Granted Paul Mines 56,727 Robert Smith 40,909 Stephen Baskerville 30,355 Sally Morley 30,355
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	10 October 2023
f)	Place of the transaction	Outside a trading venue

 

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