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Pin to quick picksSymphony Env. Regulatory News (SYM)

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Market Cap: £19.50m
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Exercise of Options

19 Apr 2017 12:31

RNS Number : 7359C
Symphony Environmental Tech. PLC
19 April 2017
 

 

 

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 information is considered to be in the public domain

 

19 April 2017 

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

Exercise of Options

 

Symphony Environmental Technologies Plc ("Symphony" or "Company") announces that the Company has received notice to exercise share options representing 1,200,000 new ordinary shares of 1p each in the Company ("Ordinary Shares")(the "Option Shares") by Michael Stephen, Commercial Director and Deputy Chairman of the Company.

 

Under the terms of the share option agreement, the Option Shares (which will rank pari passu with the Company's existing Ordinary Shares in issue) will be issued and allotted ("Allotment") between seven and twenty-eight days from today's date. Application will then be made for the Option Shares to be admitted to trading on AIM ("Admission").

Following Admission, the enlarged issued share capital of the Company will be 151,439,377 Ordinary Shares. 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.

 

Following Allotment, Mr Stephen and his family will be interested in 2,133,998 Ordinary Shares representing approximately 1.4% of the issued share capital of the Company.

 

 

**ENDS**

 For further information, please contact:

 

Contacts

Symphony Environmental Technologies Plc

Michael Laurier, CEO

Tel: +44 (0) 20 8207 5900

Ian Bristow, FD

Cantor Fitzgerald Europe

David Foreman / Michael Reynolds (Corporate Finance)

Tel: +44 (0) 20 7894 7000

David Banks (Sales)

 

 

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