BIOME TECHNOLOGIES PLC

Declaration of Voting Results & Voting Rights Announcements • Apr 24, 2019

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RNS Number : 9834W

Biome Technologies PLC

24 April 2019

24 April 2019

Biome Technologies plc

("Biome", "the Company" or "the Group")

Result of Annual General Meeting

Biome announces that at the Annual General Meeting of the Company held this morning, all resolutions were passed by shareholders on a show of hands.

The proxy votes received from shareholders on each resolution are set out below.

Resolutions	Votes for*	%	Votes against	%	Votes total	Votes withheld**
Resolution 1	397,852	100.0%	0	0.0%	397,852	50
Resolution 2	396,816	99.9%	354	0.1%	397,170	732
Resolution 3	397,173	99.9%	354	0.1%	397,527	375
Resolution 4	397,527	100.0%	0	0.0%	397,527	375
Resolution 5	396,309	99.6%	1,593	0.4%	397,902	0
Resolution 6	395,955	99.6%	1,770	0.4%	397,725	177
Resolution 7	397,725	100.0%	0	0.0%	397,725	177

*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

- 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.

In 2018, the Board has 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 £0.3m 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 has just been released.

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