Biome Technologies PLC Result of Annual General Meeting (9834W)
April 24 2019 - 8:59AM
UK Regulatory
TIDMBIOM
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 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 has
just been 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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