Result of General Meeting and TVR

Biome Technologies PLC

04 September 2024

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO PURCHASE AND/OR SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN BIOME TECHNOLOGIES PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF BIOME TECHNOLOGIES PLC.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

4 September 2024 

Biome technologies plc

("Biome" or the "Company")

Result of General Meeting

and

Total Voting Rights

Biome Technologies plc, a leading bioplastics and radio frequency technology business, is pleased to announce that, at its General Meeting held earlier today, the Resolutions were duly passed on a show of hands without amendment.

For information, the proxy votes received from Shareholders on each Resolution prior to the meeting were as follows:

Resolution	Votes in favour*	%	Votes against	%	Votes withheld**
1	18,232,188	98.81	220,049	1.19	3,752
2	18,232,188	98.81	220,049	1.19	3,752

* Includes those votes giving the Chairman discretion.

**A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "in favour" or "against" the resolutions. The number of Ordinary Shares in issue on 4 September 2024 was 29,555,814. Shareholders were entitled to one vote per share.

Accordingly, the Second Subscription and the Retail Offer, details of which were set out in the Company's announcement on 16 August 2024 (the "Launch Announcement") are expected to complete, conditional on Second Admission (as defined below), at 8.00 a.m. on 6 September 2024 (or such later time the Company may agree, but in any event by no later than 8.00 a.m. on 16 September 2024).

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for 3,200,000 new Ordinary Shares in respect of the Retail Offer (the "Retail Offer Shares") and 18,800,000 Second Subscription Shares (together with the Retail Offer Shares, the "New Ordinary Shares") to be admitted to trading on AIM ("Second Admission"). It is expected that Admission will become effective, and dealings in the New Ordinary Shares will now commence, at 8:00 a.m. on 6 September 2024. Following Second Admission, the total number of Ordinary Shares and voting rights in the Company will be 51,555,814 and this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

The person responsible for arranging the release of this announcement on behalf of the Company is Paul Mines, Chief Executive Officer of the Company.

Unless otherwise defined, definitions contained in this announcement have the same meaning as set out in the Launch Announcement.

Enquiries: 

Biome Technologies plc	Tel: [phone]
Paul Mines, Chief Executive Officer
Donna Simpson-Strange, Company Secretary
Allenby Capital	Tel: [phone]
David Hart/Alex Brearley/Lauren Wright (Nominated Adviser)
Kelly Gardiner/Tony Quirke (Sales and Corporate Broking)

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

 

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