Biome Technologies PLC Award under 2017 Long Term Incentive Plan (1078A)
28 Maio 2021 - 3:00AM
UK Regulatory
TIDMBIOM
RNS Number : 1078A
Biome Technologies PLC
28 May 2021
28 May 2021
Biome Technologies plc
("Biome", "the Company" or "the Group")
Award under 2017 Long Term Incentive Plan ("2017 LTIP")
Biome announces that it has granted share options over a maximum
of 37,349 ordinary shares in the Company under its previously
announced 2017 LTIP. These share options have been granted to
Biome's Group Chief Financial Officer, Robert Smith, and this award
is intended to closer align Mr Smith's rewards with those of the
Company's shareholders.
The performance award will follow the criteria disclosed in the
announcement regarding the set-up of the 2017 LTIP released on 21
December 2017, with the exception of the following changes:
-- The exercise price will be 390 pence per ordinary share, the
mid-market share price at the close of 26 May 2021; and
-- The value pool for these options will commence only when the
Company's average closing share price, taken over a 56 day period
commencing 63 days before the relevant vesting date, exceeds 390
pence per ordinary share.
The time criterion that restricts the value pool is as per the
following vesting profile:
-- 10 June 2021: 90% of the value pool
-- 10 December 2021: 100% of the value pool (less any amounts awarded under previous vestings)
All vested share options must be exercised by 19 December 2022
under the rules of the 2017 LTIP.
The FCA notification regarding transactions by persons
discharging managerial responsibilities made in accordance with the
requirements of the EU Market Abuse Regulation which forms part of
Domestic UK Law pursuant to the European Union (Withdrawal) Act
2018, is appended below.
For further information please contact:
Biome Technologies plc
Paul Mines, Chief Executive Officer
Rob Smith, Chief Financial Officer
info@biometechnologiesplc.co.uk
Tel: +44 (0) 2380 867 100
www.biometechnologiesplc.com
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser)
Kelly Gardiner (Sales and Corporate Broking)
Tel: +44 (0) 20 3328 5656
www.allenbycapital.com
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 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
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert St John Smith
-------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Director - Group Chief Financial
Officer
-------------------------------- --------------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- --------------------------------------------
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 financial Ordinary shares of 5p in Biome Technologies
instrument, type of instrument plc. Identification code (ISIN)
Identification code for Biome Technologies plc ordinary
shares: GB00B9Z1M820
-------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 5p in Biome Technologies plc,
pursuant to the Company's 2017 Long
Term Incentive Plan
-------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
390 pence Options to
acquire a
maximum of
37,349 ordinary
shares
-----------------
-------------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume Single transaction as in 4 c) above.
- Price An option to acquire a maximum of
37,349 shares in Biome Technologies
plc at 390 pence per share was granted
pursuant to the Company's 2017 Long
Term Incentive Plan.
-------------------------------- --------------------------------------------
e) Date of the transaction 27 May 2021
-------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- --------------------------------------------
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