Appointment of Group Chief Financial Officer

RNS Number : 5350D

Biome Technologies PLC

29 October 2020

 

29 October 2020

Biome Technologies plc

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

Appointment of Group Chief Financial Officer to the Board

Biome Technologies plc is pleased to announce the appointment of Robert (Rob) Smith to the Board of the Company as Group Chief Financial Officer (CFO), effective 30 November 2020.

Rob is a chartered management accountant with significant experience in leadership roles in a number of technology companies, where he has been instrumental in leading growth strategies and improving operational efficiencies.

Most recently Rob served in the CFO and CEO roles at Filtronic plc, an AIM listed electronics designer and manufacturer of advanced filters, antennas and transceivers. Prior to this he was Finance Director of AIM listed APC Technology Group, a specialist distributor and manufacturer of electronic components and semiconductor products with a focus on green technology industries.

The Board would like to thank Michael Holton and David Hughes for their significant contributions to the Company in acting Finance Director roles during the preceding period.

John Standen, Chairman, commented:   " We are delighted to welcome Rob Smith to the Board. As our Bioplastics division is beginning to demonstrate its significant growth potential, this is a good time to reinforce the Board with a CFO of Rob's capability and experience."

Regulatory Disclosures

In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies, Robert St John Smith (aged 56) is, or has been within the last five years, a director or partner in the following companies and partnerships:

Current directorships/partnerships	Directorships/partnerships held within the last five years
Autocore Limited Remanufactured Systems Limited	Filtronic plc Filtronic Broadband Ltd Filtronic Holdings UK Limited Filtronic Wireless Ltd Isotek Limited Isotek (Holdings) Limited

Mr Smith does not currently hold any ordinary shares in the Company.

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For further information please contact:

Biome Technologies plc

Paul Mines, Chief Executive Officer

Donna Simpson-Strange, Company Secretary

[e-mail]

Tel: [phone]

www.biometechnologiesplc.com

Allenby Capital Limited

David Hart/Alex Brearley (Nominated Adviser)

Kelly Gardiner (Equity Sales)

Tel: [phone]

www.allenbycapital.com

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 value-added pricing can be justified and which 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.

www.biometechnologiesplc.com

www.biomebioplastics.com   and  www.thinkbioplastic.com  

www.stanelcorftechnologies.com

 

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