Biome Technologies PLC Appointment of Non-Executive Director (7011A)
May 25 2023 - 9:57AM
UK Regulatory
TIDMBIOM
RNS Number : 7011A
Biome Technologies PLC
25 May 2023
25 May 2023
Biome Technologies plc
("Biome", the "Group" or the "Company")
Appointment of Non-Executive Director
Biome Technologies plc, a leading bioplastics and radio
frequency technology business, is pleased to announce that, as
indicated in the Chairman's Statement accompanying the Company's
Report and Accounts for 2022 and in the announcement of the recent
Convertible Loan Note fundraising, Martin Rushton-Turner has been
appointed a Non-Executive Director of the Company and will join the
Board with immediate effect.
Mr Rushton-Turner is, and has been, a significant investor in
Biome since 2010 and currently holds 13.31 per cent of the voting
rights in the Company and approximately 35 per cent of the
Company's Convertible Loan Notes. He retired from Swiss Reinsurance
Group ("Swiss Re") in 2014 and has since focused his attention and
resources on a number of early-stage companies and investments
where his roles have included being an adviser, chairman or
director.
Mr Rushton-Turner worked at Swiss Re from 2001 to 2014,
initially as Head of the Strategic Transactions Group which focused
on transactions between Swiss Re and corporate and financial
institutions, from 2008 to 2010 as Head of Legacy, the division
formed to house and manage down the "bad bank" businesses of Swiss
Re, and thereafter as Special Advisor to the Swiss Re Group CFO.
Prior to Swiss Re, Mr Rushton-Turner was Head of the Debt
Structuring Group at Greenwich NatWest, having joined NatWest in
1993.
Mr Rushton-Turner qualified as a chartered accountant at Coopers
& Lybrand in 1990, as a Barrister in 1991 and as a New York
attorney in 1992. He holds an LLB from University College London
(UCL) and is an Honorary Fellow of UCL.
John Standen, Chairman, commented:
"We are delighted to be able to welcome Martin to our Board. He
has been very supportive of Biome throughout his 12 years of
association with us, both as a significant shareholder and through
his regular interaction at results time with members of the Board.
He has great insights into our sector and has enormous
understanding of the complexities which can affect a growing
business with innovative technology. We are looking forward to
working with him more closely."
Regulatory Disclosures
In accordance with Rule 17 and Schedule 2(g) of the AIM Rules
for Companies, John Martin Rushton-Turner, aged 58, is, or has been
during the last five years, a director or partner of the following
companies/partnerships:
Current directorships/partnerships Past directorships/partnerships
Itero Technologies Limit Good Film Productions Limited
Itero Development Limited Good Film Productions (PK) Limited
Intelligent Power Generation Daytime Productions Limited
Limited Croydon Gasification Limited
Particle Therapeutics Limited JDMS Technologies Limited
Garsington Technologies Limited IPG Transport Limited
Smart Diner Group Limited Intelligent Power Gen LLP
VOH Limited CGC (Pool Lane) Limited
Sage & Time LLP The Clean Gas Company (UK) Limited
Inside Track Productions LLP George Films Limited
Green Park Climate Change LLP
------------------------------------
Martin Rushton-Turner holds 500,000 Ordinary Shares in the
Company, which represents 13.31 per cent of the voting rights in
the Company. Martin Rushton-Turner is also interested in GBP300,000
of Convertible Loan Notes in the Company, details of which can be
found in the Company's announcement dated 31 March 2023.
-Ends-
For further information please contact:
Biome Technologies plc
John Standen, Chairman
Donna Simpson-Strange, Company Secretary
info@biometechnologiesplc.co.uk
www.biometechnologiesplc.com Tel: +44 (0) 2380
867 100
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser)
Kelly Gardiner (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
value-added pricing can be justified and which 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
("Bioplastic") and Stanelco RF Technologies Limited ("RF
Technologies").
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
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