Biome Technologies PLC Result of General Meeting (1985O)
30 Septiembre 2019 - 9:04AM
UK Regulatory
TIDMBIOM
RNS Number : 1985O
Biome Technologies PLC
30 September 2019
30 September 2019
Biome Technologies plc
("Biome", "the Company" or "the Group")
Result of General Meeting
Biome Technologies plc, a leading bioplastics and radio
frequency technology business, announces that at its General
Meeting held earlier today, both Resolutions were duly passed on a
show of hands. Both Resolutions proposed at the General Meeting
related to the Company's Placing, as announced on 12 September
2019.
The proxy voting results for the Resolutions are included
below:
Votes For* % of votes Votes % of votes Votes Withheld** Total votes
cast Against cast cast***
Ordinary Resolution
1. To grant
authority
to directors
to allot the
Placing Shares 722,936 99.91% 643 0.09% Nil 723,579
----------- ----------- --------- ----------- ----------------- -----------
Special Resolution
2. To disapply
pre-emption
rights in
relation to
the Placing
Shares 722,936 99.94% 466 0.06% 177 723,402
----------- ----------- --------- ----------- ----------------- -----------
*"Votes For" include votes giving the Chairman discretion.
**A "Vote Withheld" is not a vote in law and has not been
counted in the calculation of the proportion of the votes 'For' and
'Against' a resolution.
*** "Total votes cast" does not include "Votes Withheld".
Total Voting Rights
Further to the Company's announcement on 12 September 2019,
Admission of the Placing Shares is expected to take place at 8:00
a.m. on 2 October 2019.
On Admission, the issued share capital of the Company will
consist of 2,798,525 Ordinary Shares with one voting right each.
The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of Ordinary Shares and voting rights in
the Company will be 2,798,525. From Admission, 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 share capital of
the Company pursuant to the FCA's Disclosure Guidance and
Transparency Rules.
Capitalised terms used but not defined in this announcement
shall have the meanings given to such terms in the announcement
issued by the Company dated 12 September 2019 unless otherwise
defined herein.
- Ends -
For further information please contact: Biome Technologies
plc
Paul Mines, Chief Executive Officer www.biometechnologiesplc.com
Declan Brown, Group Finance Director Tel: +44 (0) 2380 867 100
Allenby Capital www.allenbycapital.com
David Hart/Alex Brearley (Nominated Tel: +44 (0) 20 3328 5656
Adviser)
Kelly Gardiner (Broker)
About Biome
Biome Technologies plc (Ticker:BIOM) 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 that 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.
In 2018, the Board adopted the following three high level KPIs
for the next three years to continue its ambitious momentum:
-- Compound revenue growth of 25% per annum across the Group and
40% compound revenue growth in the Bioplastics division
-- Diversify the Group's turnover by product and market to
ensure that no one product or end customer contributes more than
15% of revenues by 2020
-- Increase investment in the Group's next generation of
products by spending significantly more per annum on average than
the GBP0.3m per annum average spend over the previous strategic
objective cycle
www.biometechnologiesplc.com
www.biomebioplastics.com and www.thinkbioplastic.com
www.stanelcorftechnologies.com
#ThinkBioplastic is our digital educational platform, launched
in October 2018 in response to the emerging global plastic
conversation. It speaks to a wide audience, highlighting
bioplastics as a leading solution among several to reduce the
negative impact of plastic manufacture and disposal. Following the
much acclaimed first series of short videos the second series was
recently released.
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 rns@lseg.com or visit www.rns.com.
END
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