Symphony Environmental Tech. PLC Option amendments & grant of options
December 23 2024 - 7:39AM
RNS Regulatory News
RNS Number : 1576R
Symphony Environmental Tech. PLC
23 December 2024
23 December 2024
SYMPHONY ENVIRONMENTAL
TECHNOLOGIES PLC
("Symphony", the "Company" or the "Group")
Director/PDMR Dealings -
Option amendments and Grant of Options
Symphony Environmental Technologies
Plc (AIM: SYM), global specialists in
products and technologies that "make plastic and rubber products
smarter, safer and more sustainable", announces an extension to the
exercise period of options held by the directors of the Company
(the "Directors") and certain other option holders.
The Company had previously granted
options to purchase 10,191,500 ordinary shares of 1p each in the
Company ("Ordinary Shares")(the "Options") of which 8,441,500 were
to certain directors of the Company. The exercise prices of the
Options are 4.5 pence and 12.5 pence, so all the Options are above
the prevailing market price of the Ordinary Shares. The Options
were due to expire on 31 December 2024 but have been extended for
practical reasons to 31 December 2026 ("Option Extension"). The
Options represent 4.5% of the total issued share capital of the
Company.
In addition, options to purchase
250,000 Ordinary Shares has been granted to Michael Kayser, a
non-executive director of the Company. These new options have an
exercise price of 10p, representing a 245 per cent. premium to the
closing share price of 2.90 pence per Ordinary Share on 20 December
2024. These options vest immediately and expire on 31 December
2029.
See PDMR disclosure tables below for
further information. All other terms of the Options remain the
same.
Enquiries
|
Symphony Environmental Technologies Plc
|
|
|
Michael Laurier, CEO
|
+44
(0) 20 8207 5900
|
|
Ian Bristow, CFO
|
|
|
www.symphonyenvironmental.com
|
|
|
|
|
|
Zeus (Nominated Adviser and Broker)
|
|
|
David Foreman, Alexandra
Campbell-Harris (Investment Banking)
|
+44
(0) 203 829 5000
|
|
Dominic King (Corporate
Broking)
|
|
Notification and public
disclosure of transactions by Persons Discharging Managerial
Responsibilities ("PDMR") and persons closely associated with them
("PCA")
|
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Michael Laurier
|
|
2
|
Reason for notification
|
|
|
a.
|
Position/Status
|
PDMR
Director of Symphony Environmental
Technologies plc
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Symphony Environmental Technologies
plc
|
|
b.
|
LEI
|
N/A
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial
instrument, type of instrument
Identification Code
|
Options over Ordinary Shares of 1p
each
ISIN: GB0009589168
|
|
b.
|
Nature of the transaction
|
Extension of option exercise period
from 31 December 2024 to 31 December 2026
|
|
c.
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
n/a
n/a
|
1,851,500
350,000
|
|
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
Volume: 2,201,500
Price: n/a
|
|
e.
|
Date of the transaction
|
23 December 2024
|
|
f.
|
Place of the transaction
|
Outside of trading venue
|
|
|
|
|
|
|
|
|
| |
|
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Ian Bristow
|
|
2
|
Reason for notification
|
|
|
a.
|
Position/Status
|
PDMR
Director of Symphony Environmental
Technologies plc
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Symphony Environmental Technologies
plc
|
|
b.
|
LEI
|
N/A
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial
instrument, type of instrument
Identification Code
|
Options over Ordinary Shares of 1p
each
ISIN: GB0009589168
|
|
b.
|
Nature of the transaction
|
Extension of option exercise period
from 31 December 2024 to 31 December 2026
|
|
c.
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
n/a
n/a
|
3,000,000
280,000
|
|
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
Volume: 3,280,000
Price: n/a
|
|
e.
|
Date of the transaction
|
23 December 2024
|
|
f.
|
Place of the transaction
|
Outside of trading venue
|
|
|
|
|
|
|
|
|
| |
|
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Michael Stephen
|
|
2
|
Reason for notification
|
|
|
a.
|
Position/Status
|
PDMR
Director of Symphony Environmental
Technologies plc
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Symphony Environmental Technologies
plc
|
|
b.
|
LEI
|
N/A
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial
instrument, type of instrument
Identification Code
|
Options over Ordinary Shares of 1p
each
ISIN: GB0009589168
|
|
b.
|
Nature of the transaction
|
Extension of option exercise period
from 31 December 2024 to 31 December 2026
|
|
c.
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
n/a
n/a
|
2,000,000
210,000
|
|
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
Volume: 2,210,000
Price: n/a
|
|
e.
|
Date of the transaction
|
23 December 2024
|
|
f.
|
Place of the transaction
|
Outside of trading venue
|
|
|
|
|
|
|
|
|
| |
|
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Nicolas Clavel
|
|
2
|
Reason for notification
|
|
|
a.
|
Position/Status
|
PDMR
Director of Symphony Environmental
Technologies plc
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Symphony Environmental Technologies
plc
|
|
b.
|
LEI
|
N/A
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial
instrument, type of instrument
Identification Code
|
Options over Ordinary Shares of 1p
each
ISIN: GB0009589168
|
|
b.
|
Nature of the transaction
|
Extension of option exercise period
from 31 December 2024 to 31 December 2026
|
|
c.
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
n/a
n/a
|
500,000
250,000
|
|
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
Volume: 750,000
Price: n/a
|
|
e.
|
Date of the transaction
|
23 December 2024
|
|
f.
|
Place of the transaction
|
Outside of trading venue
|
|
|
|
|
|
|
|
|
| |
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Michael Kayser
|
|
2
|
Reason for notification
|
|
|
a.
|
Position/Status
|
PDMR
Director of Symphony Environmental
Technologies plc
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Symphony Environmental Technologies
plc
|
|
b.
|
LEI
|
N/A
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial
instrument, type of instrument
Identification Code
|
Options over Ordinary Shares of 1p
each
ISIN: GB0009589168
|
|
b.
|
Nature of the transaction
|
Grant of option
|
|
c.
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
10p
|
250,000
|
|
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
Volume: 250,000
Price: 10p
|
|
e.
|
Date of the transaction
|
23 December 2024
|
|
f.
|
Place of the transaction
|
Outside of trading venue
|
|
|
|
|
|
|
|
|
| |
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