Bion PLC Malpom Update (3407G)

TIDMBION

RNS Number : 3407G

Bion PLC

23 July 2021

23 July 2021

BiON plc

("BiON" or "the Company")

Malpom Update

BiON (AIM: BION), an environmental engineering, wastewater treatment and renewable energy solutions company, gives notice that, on 22 July 2021, a fire occurred at the neighbouring palm oil mill to the Company's biogas power plant located in Malpom, Penang. The Company's plant has not been damaged, but the significant impact of the fire on the mill will prevent it from providing the Company's plant with the required feedstock to enable power generation. Consequently, the Company has been required to shut down operations at the plant until further notice.

The Company will provide a further update as appropriate in due course.

Enquiries:

 
 BiON plc 
 Datuk Syed Nazim bin Syed Faisal, CEO 
  Fakrizzaki Ghazali, CFO                              [phone] 
 Elle Sia, UK Country Manager                             [phone] 
  www.bionplc.com                                                0891 
 
 Beaumont Cornish Limited (Nominated Adviser) 
                                                          [phone] 
 Roland Cornish, Felicity Geidt                                  3396 
 
 VSA Capital Limited (Joint Broker) 
 Andrew Raca, Maciek Szymanski, Vivian Papasotiriou       [phone] 
  (Corporate Finance)                                            5000 
 Andrew Monk (Corporate Broking) 
 
 Optiva Securities Limited (Joint Broker) 
                                                          [phone] 
 Vishal Balasingham                                              1903 
 
 Luther Pendragon (Financial PR Adviser) 
                                                          [phone] 
 Claire Norbury                                                  9100 
 

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END

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July 23, 2021 09:50 ET (13:50 GMT)