TIDMSYM
RNS Number : 0269K
Symphony Environmental Tech. PLC
06 April 2018
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is considered to be in the
public domain.
6 April 2018
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony" or the "Company")
Directorate Change
Symphony Environmental Technologies Plc (AIM: SYM), a global
specialist in products and technologies that "make plastic
smarter", is pleased to announce that Mr. Robert ("Bob") Wigley
will join Symphony as a Non-Executive Director with immediate
effect, having acted as an adviser to the Company over the last few
years.
Bob is an experienced City professional having enjoyed a
successful career in banking, latterly as Chairman of Merrill Lynch
for Europe, the Middle East & Africa, and now works with
several growth companies. Bob is also Chairman of UK Finance, which
represents nearly 300 of the leading firms providing finance,
banking, markets and payments-related services in or from the
UK.
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies. Bob Wigley, aged 57
years, is or has been a director of the following companies or
partnerships during the five years preceding the date of this
announcement:
Current directorships Past directorships or
or partnerships partnerships
----------------------------- -----------------------------
Newta Limited Ellestone Apparel LLP
----------------------------- -----------------------------
NordEngine Capital Limited Expansys Limited
----------------------------- -----------------------------
Vesta Global Holdings Yellow Pages Limited
Limited
----------------------------- -----------------------------
Loyalty Angels Limited NetOTC Holdings Sarl
----------------------------- -----------------------------
Margot Holdings Limited Llamabrook Limited
----------------------------- -----------------------------
Qatar Financial Centre Captive Minds Communications
Authority Group Limited
----------------------------- -----------------------------
Chester Street Investments Stonehaven Associates
LLP LLP
----------------------------- -----------------------------
Ellestone Partners LLP Tantalum Corporation
Limited
----------------------------- -----------------------------
Minchin Hobart LLP Altitude Medical Inc.
----------------------------- -----------------------------
The Peter Jones Foundation Hibu Plc
----------------------------- -----------------------------
QC Ground Limited Montagu House Limited
----------------------------- -----------------------------
QC Holdings Limited Stonehaven Advisers LLP
----------------------------- -----------------------------
The Queens Club Limited Stonehaven Search Limited
----------------------------- -----------------------------
Capital Structured Solutions Monitane Holdings Limited
No. 1 (Feeder) LLP
----------------------------- -----------------------------
Justinvesting Limited Netotc Services Limited
----------------------------- -----------------------------
Mr Wigley was chairman of Yellow Pages Limited and of Hibu Plc
when those companies entered into administration on 28 February
2014 and 27 November 2013 respectively as part of the consensual
restructuring of that group of companies.
Mr Wigley was a director of Justinvesting Limited when the
company entered into a credit voluntary liquidation on 11 November
2016 and will remain a director until the company is formally
dissolved, expected 28 April 2018.
Mr Wigley is beneficially interested in 200,000 ordinary shares
of 1p each in the Company ("Ordinary Shares"). In addition, Bob has
been granted options over 750,000 Ordinary Shares exercisable
between one and five years from today's date at an exercise price
of 20.25 pence per share.
Save as set out above there are no further disclosures pursuant
to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for
Companies.
Nirj Deva MEP, DL, FRSA, Chairman of Symphony, said: "I am
delighted to welcome Bob to the Board of Symphony. He brings a
wealth of experience from a distinguished career in investment
banking, and from our previous working experience with Bob, are
unequivocal in our belief that he will be a valuable source of
guidance and that his skills and experience will complement the
Board. This is a further step in the transformation of the Company
from its development stage to achieving its full potential, and I
think the strengthening of the board with a director of the calibre
of Bob Wigley is a major endorsement for the company and its
products."
Michael Laurier, Chief Executive of Symphony, said: "I echo the
comments of Nirj and am delighted that Bob has accepted to join the
Board of Symphony. I was in New York with Bob earlier this week,
whilst he was speaking at UN Headquarters to the Partnership Forum
of the Economic and Social Council (ECOSOC) where he outlined the
advantages of d2w oxo-biodegradable technology."
For further information, please contact:
Contacts
Symphony Environmental Technologies
Plc
Michael Laurier, CEO Tel: +44 (0)
20 8207 5900
Ian Bristow, CFO
www.symphonyenvironmental.com
Cantor Fitzgerald Europe
David Foreman, Richard Salmond Tel: +44 (0)
(Corporate Finance) 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.
To view a BBC World Service short film introducing d2w
oxo-biodegradable (controlled-life) plastic technology please click
on the following links:
From within the UK-
http://www.symphonyenvironmental.com/d2w/d2w-brochure-5/
From outside of the UK -
http://www.bbc.com/storyworks/the-british-bid/symphony
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, and insects, and
against fire. d2p products also include odour, moisture and
ethylene adsorbers as well as other types of food preserving
technologies. We have also launched d2p anti-microbial household
gloves and are developing a range of other d2p retail finished
products.
Symphony has also developed the d(2) Detector(R), a portable
device which analyses plastics and detects counterfeit products.
This is 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
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