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Pin to quick picksSymphony Env. Share News (SYM)

Share Price Information for Symphony Env. (SYM)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 3.25
Bid: 3.00
Ask: 3.50
Change: 0.00 (0.00%)
Spread: 0.50 (16.667%)
Open: 3.25
High: 3.25
Low: 3.25
Prev. Close: 3.25
SYM Live PriceLast checked at -

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Symphony Environmental Tech shares up as Yemen enforces 2010 law

Tue, 26th Sep 2023 12:08

(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.

The developer of technology to make plastic biodegradable said that as a result, manufacturers will only be allowed to produce oxo-biodegradable plastic bags only and their operating license will not be renewed if they are found to be non-compliant.

It said that inspectors will be deployed to ensure compliance and adds they will be using Symphony's d2dector.

"This is a very positive step forward for our d2w biodegradable plastic technology in one of the largest plastic producing and consuming areas in the Middle East. It builds on a continual process of change throughout the region towards plastic products that are scientifically proven to be better for the environment than ordinary plastics or other alternative materials," said Chief Executive Michael Laurier.

Symphony Environmental Technologies shares rose 7.1% to 7.50 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Symphony Environmental Technologies looks to raise almost GBP2 million

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Symphony Environmental Tech extends convertible loan agreements

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13 Mar 2024 15:10

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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TRADING UPDATES: Apax opts against lifting offer; DCI enters loan deal

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9 Feb 2024 12:39

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

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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 12:53

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 10:39

AIM WINNERS & LOSERS: Bowleven shares drop on concern for cash runaway

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