Grant of Options

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: [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 ("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 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 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: 67.50 pence PDMR Number of Options Granted Paul Mines 24,471 Stephen Baskerville 13,095 Sally Morley 11,848
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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