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BIOM.GB Biome Technologies Plc

105.00
0.00 (0.00%)
06:57:51 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Biome Technologies Plc AQSE:BIOM.GB Aquis Stock Exchange Ordinary Share GB00B9Z1M820
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 105.00 90.00 120.00 105.00 105.00 105.00 0.00 06:57:51
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Biome Technologies PLC Settlement Agreement (4033U)

18/01/2017 7:00am

UK Regulatory


Biome Technologies (AQSE:BIOM.GB)
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From Mar 2019 to Mar 2024

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TIDMBIOM

RNS Number : 4033U

Biome Technologies PLC

18 January 2017

18 January 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

Biome Technologies plc

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

Settlement Agreement

Biome Technologies plc announces that it has signed a settlement agreement with third parties regarding legacy technology licensing arrangements involving the use of part of Biome's historic technology (the "Settlement Agreement"). Under the terms of the Settlement Agreement, Biome will receive a payment of GBP450,000, such payment to be received within 14 business days of signing of the Settlement Agreement.

Various agreements which have been in place since 2000 provided for royalties to be paid by the third parties to Biome for the use of certain Biome technologies relating to the legacy Aquasol business. The patents associated with this technology are no longer in force and, pursuant to the Settlement Agreement, Biome and the third parties have agreed to a mutual release from all obligations under the agreements.

The funds received under the Settlement Agreement will be deployed for normal business purposes.

-Ends-

For further information please contact:

 
 Biome Technologies plc 
 Paul Mines, Chief Executive 
  Officer 
 Declan Brown, Group Finance 
  Director 
 www.biometechnologiesplc.com   Tel: +44 (0) 2380 867 
                                 100 
 
 Allenby Capital 
 David Hart/Alex Brearley 
  (Nominated Adviser) 
  Chris Crawford/Kelly 
  Gardiner (Broker) 
 www.allenbycapital.com         Tel: +44 (0) 20 3328 
                                 5656 
 
 FTI Consulting 
 Oliver Winters                 Tel: +44 (0) 20 3727 
  www.fticonsulting.com          1535 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 18, 2017 02:00 ET (07:00 GMT)

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