Biome Technologies PLC Grant of Options (6805P)

TIDMBIOM

RNS Number : 6805P

Biome Technologies PLC

10 October 2023

10 October 2023

Biome Technologies plc

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

Grant of Options

Biome Technologies plc, a leading bioplastics and radio frequency technology business , announces a grant options ("Options") over new ordinary shares of 5 pence each in the Company ("Ordinary Shares").

Options have been granted in respect of a total of 260,618 new Ordinary Shares to members of staff and persons discharging managerial responsibilities ("PDMRs"). These new Options represent, in aggregate, 6.89 per cent of the Company's current issued share capital. Of these Options, 158,346 have been granted to PDMRs, as detailed below, and the balance has been granted to other Biome employees.

The Options are exercisable at 137.5 pence per Ordinary Share (being the closing mid-market price of an Ordinary Share on 9 October 2023). Of these Options, 130,302 will vest on the first practical date after signing of the annual report and accounts for the year ending 31 December 2023 ("Vesting Date 1") and 130,316 will vest on the first practical date after signing the annual report and accounts for the year ending 31 December 2024 ("Vesting Date 2"). Options which are not vested at Vesting Date 1 will roll over to Vesting Date 2.

The Options are conditional on the recipients being employed by the Company on the specific vesting dates. In addition, Options granted to PDMRs can only be exercised if the average mid-market price of an Ordinary Share exceeds 250 pence over the 60 dealing days prior to the relevant vesting date. The Options can be exercised from the date of vesting until 5:00 p.m. on the business day before the 10th anniversary of the date of grant.

Certain PDMRs of the Company have been granted options as set out below:

 
                        Number of Options   Number of Options   Number of Options 
                             Granted           Vesting Date        Vesting Date 
                                                    1                   2 
 Paul Mines                  56,727              28,363              28,364 
 Robert Smith                40,909              20,454              20,455 
 Stephen Baskerville         30,355              15,177              15,178 
 Sally Morley                30,355              15,177              15,178 
 
 
 
 
   For further information please contact: 
 
 Biome Technologies plc 
  Paul Mines, Chief Executive Officer 
 Rob Smith, Chief Financial Officer 
 www.biometechnologiesplc.com     Tel: [phone] 
 
   Allenby Capital 
 David Hart/Alex Brearley (Nominated Adviser) 
  Kelly Gardiner/Tony Quirke (Sales and Corporate Broking) 
 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 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 and RF Technologies.

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.

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 and other industrial markets.

www.biometechnologiesplc.com www.biomebioplastics.com and www.thinkbioplastic.com www.stanelcorftechnologies.com

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                        Paul Mines 
                                   Robert Smith 
                                   Stephen Baskerville 
                                   Sally Morley 
     --------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status             PDMRs of Biome Technologies 
                                   plc 
     --------------------------  ------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------- 
 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          Ordinary Shares of 5p in Biome 
       financial instrument,       Technologies plc. 
       type of instrument 
                                   Identification code (ISIN) 
       Identification code         for Biome Technologies plc 
                                   Ordinary Shares: GB00B9Z1M820 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Grant of options over Ordinary 
                                   Shares 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)      Price: 137.5 pence 
                                    PDMR                   Number of Options 
                                                                     Granted 
                                    Paul Mines                        56,727 
                                    Robert Smith                      40,909 
                                    Stephen Baskerville               30,355 
                                    Sally Morley                      30,355 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     10 October 2023 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEBLFFXBLLFBV

(END) Dow Jones Newswires

October 10, 2023 11:32 ET (15:32 GMT)