29
May 2024
Biome Technologies
plc
("Biome", the "Company" or
the "Group")
Result of AGM, Interim CFO
and Director Change
Biome Technologies plc, a leading
bioplastics and radio frequency technology business, is pleased to
announce that at the Company's Annual General Meeting ("AGM") held
earlier today, all of the resolutions were passed.
For information, the proxy votes
received prior to the meeting were as follows:
|
No.
|
Resolution
|
For*
|
Against
|
Withheld**
|
|
1
|
To receive the annual report and
financial statements for the year ended 31 December
2023.
|
1,608,380
|
354
|
2,907
|
|
2
|
To re-elect Simon Herrick as
non-executive director.
|
1,339,992
|
271,215
|
434
|
|
3
|
To re-elect John F Standen as
non-executive director.
|
1,339,815
|
271,392
|
434
|
|
4
|
To elect John Martin Rushton-Turner
as non-executive director.
|
1,339,992
|
271,392
|
257
|
|
5
|
To re-appoint Evelyn Partners LLP as
auditors of the Company.
|
1,342,418
|
1,282
|
267,941
|
|
6
|
To authorise the Directors to
determine the remuneration of the auditors.
|
1,343,992
|
3,885
|
263,764
|
|
7
|
To authorise the Directors to allot
relevant securities.
|
1,344,920
|
266,464
|
257
|
|
8
|
To enable the directors to allot
shares for cash for pre-emptive issues.
|
721,986
|
264,768
|
624,887
|
|
9
|
To authorise the company to purchase
its own shares.
|
1,353,068
|
258,139
|
434
|
|
10
|
Directors to allot relevant
securities (with reference to the
Company's Convertible Loan Notes issued on 11 March
2024).
|
1,340,661
|
270,723
|
257
|
|
11
|
Directors' power to issue shares for cash
(with reference to the Company's
Convertible Loan Notes issued on 11 March
2024).
|
1,347,346
|
264,038
|
257
|
* Includes those votes giving the Chairman
discretion
** A vote "withheld" is not a vote in law and
is not counted towards the votes cast "for" or "against" a
resolution.
In respect of Resolution 8, a poll was called
at the AGM to clarify the voting intentions of one shareholder who
had withheld his vote via proxy. That shareholder approved
the passing of Resolution 8 in the poll. The full results of
the poll are 885,418 votes in favour of the passing of Resolution 8
(77%) and 264,768 votes against the passing of Resolution 8 (23%),
with 461,455 votes being withheld.
Interim CFO
and directorate change
The Company is pleased to announce that Paul
Elswood has joined the Company as an interim Chief Financial
Officer in a non-Board capacity. Paul Elswood is a Chartered
Institute of Management Accountants qualified senior financial
executive. Paul has previously held financial roles at AFC
Energy Plc, Invinity Energy Systems Plc and Hogg Robinson Group
Plc.
In addition, and further to the Company's
announcement of 11 March 2024, Rob Smith has now ceased his
responsibilities as the Company's Chief Financial Officer and has
ceased to be a director of the Company with immediate
effect.
The Company is continuing its search for a
permanent Chief Financial Officer and will provide updates on this
in due course. It is expected that Paul Elswood will work to
ensure the effective transition of his
responsibilities to his successor with the intention that there
will be an orderly handover period once a permanent candidate has
been identified.
-Ends-
|
For
further information please contact:
|
|
Biome Technologies plc
Paul Mines, Chief Executive
Officer
|
|
|
|
www.biometechnologiesplc.com
|
Tel: +44 (0) 2380 867 100
|
|
Allenby Capital
|
|
David Hart/Alex Brearley (Nominated
Adviser)
Kelly Gardiner/Tony Quirke (Sales
and Corporate Broking)
|
|
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 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 ("Bioplastics") and Stanelco RF Technologies
Limited ("RF Technologies").
Biome Bioplastics is a leading
developer of highly-functional, bio-based and biodegradable
plastics. The division'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 markets.
www.biometechnologiesplc.com
www.biomebioplastics.com
and www.thinkbioplastic.com
www.stanelcorftechnologies.com