Notice of AGM and Annual Report

RNS Number : 4687U

Biome Technologies PLC

29 March 2019

 

29 March 2019

Biome Technologies plc

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

Notice of Annual General Meeting and Annual Report and Accounts for 2018

The Board of the Company announces that the Annual General Meeting of the Company ("AGM") will be held on 24 April 2019 at 10:00 am at the offices of Allenby Capital Limited, 5 St Helen's Place, London, EC3A 6AB. A copy of the notice of AGM is available for download on the Company's website (www.biometechnologiesplc.co.uk).

Further, the Company's Annual Report and Accounts for the year ended 31 December 2018 is available for download on the Company's website (www.biometechnologiesplc.co.uk) and will be despatched by post shortly to those shareholders that have requested a hard copy.

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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 http://www.thinkbioplastic.com/ 

www.stanelcorftechnologies.com

 

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