REG - Byotrol PLC - Secondary Trading on Asset Match

ByotrolAnnouncement

29/04/2024 14:15

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RNS Number : 4497M  Byotrol PLC  29 April 2024

 

 

Byotrol Plc

("Byotrol" or the "Company")

 

Secondary Trading on Asset Match Following Cancellation

 

Byotrol Plc is pleased to announce that Asset Match (www.assetmatch.com
(http://www.assetmatch.com) ) have been appointed to facilitate secondary
trading in the New Ordinary shares following the upcoming cancellation of
admission to trading on AIM (the "Cancellation").

As previously announced, following approval by shareholders at the General
Meeting held on 22(nd) April 2024, the Cancellation will take effect from 7.00
a.m. on 30(th) April 2024.

Following the Cancellation, the New Ordinary shares will be admitted to
trading on the off-market dealing facility on 30(th) April 2024.

Asset Match, a firm Authorised and Regulated by the Financial Conduct
Authority (FRN 579310), will operate an electronic off-market dealing facility
for the New Ordinary shares. This facility will allow existing shareholders of
the Company ("Shareholders") and new investors to trade the New Ordinary
shares by matching buyers and sellers through periodic auctions.

Investors are encouraged to register on www.assetmatch.com
(https://www.assetmatch.com) and add Byotrol Plc to their 'Watchlist' to
continue to receive Company updates and auction/price information.

The Asset Match trading facility operates under its own code of practice which
governs the behaviour of participants and the running of the periodic
auctions. Asset Match operates an open auction system where volumes of bids
and offers at different prices are displayed on-screen together with the
closing date of the auction. At the end of each auction period, Asset Match
passes this information through a non-discretionary algorithm that determines
a "market-derived" single clearing price ("Share Price") based on supply and
demand and allocates transactions accordingly. Bids and offers may be made,
amended and withdrawn at any time before the closing date of each auction.

Shareholders will continue to be able to hold their shares in uncertificated
form (i.e. in CREST) and should check with their existing stockbroker whether
they are willing or able to trade in unquoted shares. Shareholders wishing to
trade shares through Asset Match must do so through a stockbroker. A
comprehensive list of stockbrokers who have signed up to access the Asset
Match platform is available on request.

Full details will be made available to Shareholders on the Company's website
at www.byotrol.com. Investors may contact Asset Match in relation to any
queries regarding trading via the secondary market trading facility by
emailing dealing@assetmatch.com (mailto:dealing@assetmatch.com) .

 

Further details of the Cancellation and re-registration were set out in the
circular dated 28 March 2024 ("the Circular").  A copy of the Circular is
available on the Company's website www.byotrol.com

 

Unless otherwise indicated, defined terms in this announcement shall have the
same meaning as described in the Circular.

 

For further information contact:

 

 Byotrol Plc
 Ashley Head, Non- Executive Chairman            +44 (0)1925 742 000
 David Traynor, Interim Chief Executive Officer

 Chris Sedwell, Chief Financial Officer

 Asset Match                                     +44 (0)20 7248 2788
 Ben Weaver

 Hannah Woodley

 

 

 

 

 

Notes to editors

 

Byotrol plc (BYOT.L), quoted on AIM, is a specialist infection prevention and
control company, operating globally in the animal and human healthare,
industrial, institutional and consumer sectors, providing low toxicity
products with a broad-based and targeted efficacy across all microbial
classes; bacteria, viruses (including coronavirus), fungi, moulds,
mycobacteria and algae.

 

Byotrol's products can be used stand-alone or as ingredients within existing
products, where they can significantly improve their performance, especially
in personal hygiene, domestic and industrial disinfection, odour control, food
production and food management.

 

Byotrol develops and commercialises technologies that create easier, safer and
cleaner lives for everyone.

 

For more information, go to byotrol.com

 

 

 

 

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