Biome Technologies PLC Update re Final Results, 2019 Annual Report & AGM (4645H)
25 Marzo 2020 - 1:00AM
UK Regulatory
TIDMBIOM
RNS Number : 4645H
Biome Technologies PLC
25 March 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR")
25 March 2020
Biome Technologies plc
("Biome", "the Company" or "the Group")
Update re Final Results, 2019 Annual Report and AGM
Due to the unprecedented situation arising from the COVID-19
pandemic, the Financial Conduct Authority ('FCA') has requested
that all companies listed on the main market of the London Stock
Exchange, due to publish their preliminary results around this
time, observe a moratorium on the publication of their preliminary
results for at least two weeks. The Financial Reporting Council
('FRC') has also supported this and encouraged listed companies and
their auditors to also consider carefully whether they should delay
other corporate reports for the next two weeks.
Biome's shares are admitted to trading on AIM and not listed on
the main market. However, following input from the Group's
auditors, Grant Thornton UK LLP, the Board is falling in line with
the guidance from the FCA and the FRC and is delaying the
publication of its final results for the year ended 31 December
2019 and audited annual report, previously scheduled for 26 March
2020, until such time as the FCA and FRC have provided clearer
guidance.
The Group's results for the year ended 31 December 2019 remain
in line with the guidance given in the trading statement of 30
January 2020, based on the Company's unaudited management accounts.
The Board will provide further guidance in relation to the outlook
for the year ending 31 December 2020 and beyond when the final
results are published.
Owing to government instructions to avoid social contact the
Group is delaying its Annual General Meeting from the planned date
of 23 April 2020 to a date in June that is to be confirmed, when it
is hoped the current restrictions will be lifted. An announcement
in this respect will be made in due course.
- 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)
Kelly Gardiner (Broker)
www.allenbycapital.com Tel: +44 (0) 20 3328
5656
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 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
www.biometechnologiesplc.com
www.biomebioplastics.com and www.thinkbioplastic.com
www.stanelcorftechnologies.com
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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