PDMR Shareholding and transaction in own shares

RNS Number : 0197V

Biome Technologies PLC

09 April 2021

 

9 April 2021

Biome Technologies plc

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

PDMR Shareholding

Transaction in own shares

Biome Technologies plc, a leading bioplastics and radio frequency technology business, announces that, on 9 April 2021, 2,187 ordinary shares of 5p each in the Company ("Ordinary Shares") were transferred out of treasury to Sally Morley, the Managing Director of Biome Bioplastics, who is a person discharging managerial responsibilities.  This transfer occurred at a deemed price of 360p per Ordinary Share, being the closing mid-market price on 8 April 2021, and has taken place as part payment of a bonus in recognition of the successful growth of Biome Bioplastics in 2020. Sally Morley has agreed with the Company not to sell these Ordinary Shares for a period of one year.

The FCA notification regarding transactions by persons discharging managerial responsibilities made in accordance with the requirements of the EU Market Abuse Regulation which forms part of Domestic UK Law pursuant to the European Union (Withdrawal) Act 2018, is appended below.  In accordance with Article 5(1)(b) of the EU Market Abuse Regulation, the schedule below contains detailed information about the disposals of Ordinary Shares made by the Company.

Following these transactions, the total number of Ordinary Shares held as treasury shares by the Company is 16,710 Ordinary Shares. The total number of Ordinary Shares in issue is 3,753,907 (including Ordinary Shares held as treasury shares). Therefore, the total number of voting rights in the Company is 3,737,197, which may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules sourcebook.

Schedule of detailed information regarding the disposals of Ordinary Shares made by the Company.

Schedule of Disposals

Shares disposed of:	Biome Technologies plc (ISIN:  GB00B9Z1M820)
Date of disposals:	9 April 2021
Investment firm:	N/A

Aggregate information:

Venue	Volume-weighted average price, pence	Aggregated volume
Outside a trading venue	360 p	2,187

Individual transactions:

Number of Ordinary Shares disposed of	Transaction price (pence per Ordinary Share)	Time of transaction	Trading venue
2,187	360 p	10:12	Outside a trading venue

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	Sally Morley
2.	Reason for the Notification
a)	Position/status	PDMR - Managing Director of Biome Bioplastics Limited
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	Ordinary shares of 5p in Biome Technologies plc. Identification code (ISIN) for Biome Technologies plc ordinary shares: GB00B9Z1M820
	Identification code
b)	Nature of the transaction	Bonus satisfied by receipt of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 360 p 2,187
d)	Aggregated information: ·Aggregated volume ·Price	N/A
e)	Date of the transaction	9 April 2021
f)	Place of the transaction	Outside a trading venue

-Ends-

For further information please contact: Biome Technologies plc

Paul Mines, Chief Executive Officer

Rob Smith, Chief Financial Officer

[e-mail]

Tel: [phone]

www.biometechnologiesplc.com

Allenby Capital

David Hart/Alex Brearley (Nominated Adviser)

Kelly Gardiner (Sales and Corporate Broking)

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 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 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

 

END

 

 

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