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2 Mar 2018 07:00
2 March 2018
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
Exercise of Options and Issue of New Ordinary Shares
Symphony Environmental Technologies Plc ("Symphony" or "Company") announces that the Company has issued 50,000 new ordinary shares of 1p each in the Company ("Ordinary Shares")(the "Option Shares"), pursuant to an exercise of share options granted on 6 November 2013 under the Company's unapproved share option scheme.
Application has been 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 and dealings are expected to commence on 8 March 2018 ("Admission").
Following Admission, the enlarged issued share capital of the Company will be 151,944,377 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.
**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 (Corporate Finance) | Tel: +44 (0) 20 7894 7000 |
Alex Pollen (Sales) |
Blytheweigh (Financial PR) Tel: +44 (0) 20 7138 3204 |
Tim Blythe |
Nick Elwes |
NOTES TO EDITORS:
About Symphony Environmental Technologies plc
Symphony has developed and continues to develop, controlled-life plastic technology which helps tackle the problem of microplastics by turning ordinary plastic at the end of its service-life into biodegradable materials. It is then no longer a plastic and can be bioassimilated in the open environment in the same way as a leaf. The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products around the world. In some countries oxo-biodegradable plastic is mandatory. For a video of d2w® plastic degrading see https://www.youtube.com/watch?v=tQ7ce532BBM
In addition, Symphony has developed a range of additives, concentrates and master-batches marketed under its d2p® brand, which can be incorporated in a wide variety of plastic and non-plastic products so as to give them protection against many different types of bacteria, fungi, algae, moulds, insects and fire.
Symphony has also developed the d2Detector®, a portable device which analyses plastics and detects counterfeit products. This will be useful to government officials tasked with enforcing legislation. Symphony's d2t tagging and tracer technology is also available for further security.
Symphony has a diverse and growing customer-base and has established itself as an international business with 74 distributors around the world. Products made with Symphony's plastic technologies are now available in nearly 100 countries and in many different product applications. Symphony is accredited to ISO9001 and ISO14001.
Symphony is a member of The Oxo-biodegradable Plastics Association (www.biodeg.org) (OPA), the Society for the Chemical Industry (UK), and the Pacific Basin Environmental Council. Symphony actively participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).
Further information on the Symphony Group can be found at www.symphonyenvironmental.com and twitter @SymphonyEnv
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