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Market Cap: £15.95m
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Additional Listing

29 Apr 2014 09:00

RNS Number : 7524F
Symphony Environmental Tech. PLC
29 April 2014
 



 

 

29 April 2014 

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

Exercise of Staff Options and Issue of Equity

 

Symphony Environmental Technologies Plc ("Symphony" or "Company") announces the Company has received notices from members of Symphony's staff to exercise options to purchase 450,000 new ordinary shares of 1p each in the Company (the "Option Shares"). The options were granted under the Company's staff EMI scheme as follows:

 

100,000 on 31 January 2008 with an exercise price of 2.75p per share; and

350,000 on 26 March 2009 with an exercise price of 2.375p per share.

 

Application will be 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 ("Admission"). It is expected that Admission will be effective and that dealings can commence on or around 6 May 2014.

 

Following Admission, the enlarged issued share capital of the Company will be 128,669,377 ordinary shares of 1p each. 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:

 

Symphony Environmental Technologies Plc

Michael Laurier, CEO

Tel: +44 (0) 20 8207 5900

Ian Bristow, FD

Cantor Fitzgerald Europe

Mark Percy (Corporate Finance)

Tel: +44 (0) 20 7894 7000

David Banks / Paul Jewell (Corporate Broking)

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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