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Pin to quick picksSymphony Env. Share News (SYM)

Share Price Information for Symphony Env. (SYM)

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Share Price: 2.90
Bid: 2.50
Ask: 3.30
Change: 0.00 (0.00%)
Spread: 0.80 (32.00%)
Open: 2.90
High: 2.90
Low: 2.90
Prev. Close: 2.90
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AIM WINNERS & LOSERS: ThinkSmart surges on Afterpay takeover news

Mon, 02nd Aug 2021 11:07

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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ThinkSmart Ltd, up 41% at 85.8 pence, 12-month range 23.89p-91.5p. The specialist digital payments business notes Square Inc all-share offer to buy Afterpay in a AUD39 billion deal, about USD29 billion. Afterpay is a Sydney-listed firm to which ThinkSmart sold 90% of the Clearpay payments platform in 2018. Under terms of that agreement that ThinkSmart has with Afterpay, a change of control of Afterpay gives it the right to exercise its call option to purchase the remaining shares in Clearpay from ThinkSmart at any time following the change of control. If Afterpay shares are no longer quoted on a recognised stock exchange at the time of exercise, it may only elect to pay in cash. ThinkSmart has a 10% stake in Clearpay. "The board of ThinkSmart will review the detailed terms of the announcement to assess if there is any other impact on ThinkSmart and will update shareholders in due course if required," it says.

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Catenae Innovation PLC, up 31% at 1.38p, 12-month range 0.75p-4.75p. The data management services provider signs collaboration agreement with ProMark Ltd, a specialist in material science and medical innovations. Catenae to be exclusive provider of data management services to ProMake to fulfil its position on the Public Health England National Microbiology Framework. "The Catenae board considers that it is premature to provide any guidance as to the timing or value to Catenae of this collaboration, but anticipates being able to give a more detailed update in the coming months," it says.

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Symphony Environmental Technologies PLC, up 18% at 26.45p, 12-month range 14.01p-33p. Enters into collaboration with Meditechs Global Co Ltd through the conclusion of four separate agreements on distribution, manufacturing, marketing and corporate investment. Meditech to buy at least 2.5% stake, and not more than 20% of Symphony's share capital. Can buy shares on open market or by issue of new shares at no less than 35p each. "These agreements will provide Symphony with a much stronger presence in the Far East and will give us a secure supply of gloves made with our antimicrobial and/or biodegradable technology for our growing international trade in gloves. In addition, we welcome Meditech's agreement to invest in Symphony so that our commercial and corporate interests are more closely aligned," says Symphony Chief Executive Michael Laurier.

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AIM - LOSERS

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UK Oil & Gas PLC, down 12% at 0.14p, 12-month range 0.1p-0.48p. The onshore exploration and production firm says it has been informed by Aladdin Middle East, operator of the Basur-3 appraisal well in Turkey, that the rig has performed a successful recovery to free a directional drilling assembly stuck in its 12 and a quarter inch hole section and return it safely back to surface. "AME now advise that in order to achieve the well's primary objective of appraising the Basur-1 oil discovery, a deviated mechanical sidetrack, B-3s, is now planned to test the Garzan and Mardin targets, the existing 12¼" hole section being considered unsuitable for onwards drilling," it says. Calls unforeseen delay in delivering the Basur appraisal objective "disappointing".

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Symphony Environmental Tech extends convertible loan agreements

(Sharecast News) - Symphony Environmental Technologies announced extensions to its existing convertible loan agreements with Sea Pearl Ventures on Thursday, to 31 December 2025, expanding from the previous end date of 30 September 2024.

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IN BRIEF: Symphony Environmental plastics given approval by EPA report

Symphony Environmental Technologies PLC - London-based manufacturer of biodegradable plastic products - Notes a 2021 report from the US Environmental Protection Agency saying that pro-oxidant plastic masterbatches, of the kind made by the company, "could significantly reduce the persistence of plastic pollution without creating undesired by-products". The report also says that, unlike the single-use plastics commonly used for packaging, pro-oxidant masterbatches more easily break down and degrade, resulting in a smaller ecological footprint.

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Symphony confident despite court ruling on oxo-degradable plastics

(Sharecast News) - Symphony Environmental Technologies updated the market on Friday on the judgement of the General Court of the European Union, delivered on 31 January, around an EU directive prohibiting oxo-degradable products that do not properly biodegrade.

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31 Jan 2024 12:30

EARNINGS AND TRADING: Symphony Environmental plummets on EU judgement

(Alliance News) - The following is a round-up of earnings and trading updates for London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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31 Jan 2024 10:21

AIM WINNERS & LOSERS: Pebble Beach rises as trades ahead of forecasts

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Symphony Environmental shares jump as revenue edged higher

(Alliance News) - Symphony Environmental Technologies PLC shares rose on Thursday, after it reported higher 2023 revenue and updated markets on its case it brought against the Commission, Parliament & Council of the European Union

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18 Oct 2023 14:25

IN BRIEF: Symphony Environmental inks additional loan agreement

Symphony Environmental Technologies PLC - Hertfordshire-based developer of technology to make plastic biodegradable - Enters into an additional convertible loan agreement with Sea Pearl Ventures Ltd. Says the key terms of the loan are similar to the previous GBP1.0 million convertible loan announced in March. Notes that GBP500,000 will be drawn down immediately, and a further GBP500,00 on or before March 31. Interest on the loan will accrue at 7% per year.

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29 Sep 2023 12:55

EARNINGS: CMO "not immune" to tough market; Malvern in profit swing

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

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29 Sep 2023 12:53

First-half losses narrow for Symphony Environmental Technologies

(Sharecast News) - Sustainable plastic products developer Symphony Environmental Technologies reported a rise in first-half revenue on Friday, to £3.6m from £3m a year earlier.

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26 Sep 2023 12:08

Symphony Environmental Tech shares up as Yemen enforces 2010 law

(Alliance News) - Symphony Environmental Technologies PLC on Tuesday said that Yemen has started to enforce an oxo-biodegradable plastic law that it passed in 2010 but was delayed due to the civil war.

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26 Sep 2023 10:39

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