Symphony Environmental Tech. PLC Exercise of Options (4569G)
March 02 2018 - 2:00AM
UK Regulatory
TIDMSYM
RNS Number : 4569G
Symphony Environmental Tech. PLC
02 March 2018
2 March 2018
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
Exercise of Options and Issue of New Ordinary Shares
Symphony Environmental Technologies Plc ("Symphony" or
"Company") announces that the Company has issued 50,000 new
ordinary shares of 1p each in the Company ("Ordinary Shares")(the
"Option Shares"), pursuant to an exercise of share options granted
on 6 November 2013 under the Company's unapproved share option
scheme.
Application has been made for the Option Shares, (which will
rank pari passu with the Company's existing Ordinary Shares in
issue), to be admitted to trading on AIM and dealings are expected
to commence on 8 March 2018 ("Admission").
Following Admission, the enlarged issued share capital of the
Company will be 151,944,377 Ordinary Shares. The above figure may
be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Disclosure and Transparency Rules.
**ENDS**
For further information, please contact:
Contacts
Symphony Environmental Technologies
Plc
Michael Laurier, CEO Tel: +44 (0)
20 8207 5900
Ian Bristow, FD
Cantor Fitzgerald Europe
David Foreman (Corporate Finance) Tel: +44 (0)
20 7894 7000
Alex Pollen (Sales)
Blytheweigh (Financial PR) Tel: +44 (0) 20
7138 3204
Tim Blythe
Nick Elwes
NOTES TO EDITORS:
About Symphony Environmental Technologies plc
Symphony has developed and continues to develop, controlled-life
plastic technology which helps tackle the problem of microplastics
by turning ordinary plastic at the end of its service-life into
biodegradable materials. It is then no longer a plastic and can be
bioassimilated in the open environment in the same way as a leaf.
The technology is branded d(2) w(R) and appears as a droplet logo
on many thousands of tonnes of plastic packaging and other plastic
products around the world. In some countries oxo-biodegradable
plastic is mandatory. For a video of d2w(R) plastic degrading see
https://www.youtube.com/watch?v=tQ7ce532BBM
In addition, Symphony has developed a range of additives,
concentrates and master-batches marketed under its d2p(R) brand,
which can be incorporated in a wide variety of plastic and
non-plastic products so as to give them protection against many
different types of bacteria, fungi, algae, moulds, insects and
fire.
Symphony has also developed the d(2) Detector(R), a portable
device which analyses plastics and detects counterfeit products.
This will be useful to government officials tasked with enforcing
legislation. Symphony's d(2) t tagging and tracer technology is
also available for further security.
Symphony has a diverse and growing customer-base and has
established itself as an international business with 74
distributors around the world. Products made with Symphony's
plastic technologies are now available in nearly 100 countries and
in many different product applications. Symphony is accredited to
ISO9001 and ISO14001.
Symphony is a member of The Oxo-biodegradable Plastics
Association (www.biodeg.org) (OPA), the Society for the Chemical
Industry (UK), and the Pacific Basin Environmental Council.
Symphony actively participates in the Committee work of the British
Standards Institute (BSI), the American Standards Organisation
(ASTM), the European Standards Organisation (CEN), and the
International Standards Organisation (ISO).
Further information on the Symphony Group can be found at
www.symphonyenvironmental.com and twitter @SymphonyEnv
This information is provided by RNS
The company news service from the London Stock Exchange
END
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