Last checked at 8 Jan 2024 07:00
8 January 2024
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony", the "Company" or the "Group")
Grant of Options and PDMR dealing
Symphony Environmental Technologies Plc (AIM: SYM), global specialists in products and technologies that "make plastic and rubber products smarter, safer and more sustainable", announces it has granted options over 3,125,000 ordinary shares of 1p each in the Company ("Ordinary Shares") to staff under the Company's EMI scheme with an exercise price of 4.5 pence per Ordinary Share ("Staff Options").
The exercise price of 4.5 pence represents a premium of approximately 20 per cent. to the closing share price of the Company on 4 January 2024, being the last business day prior to the grant of the Staff Options. The Staff Options vest after one year and expire 10 years from date of grant. There is one PDMR participating in the scheme, details of his grant are shown at the end of this announcement.
Enquiries
Symphony Environmental Technologies Plc | |
Michael Laurier, CEO Ian Bristow, CFO www.symphonyenvironmental.com | +44 (0) 20 8207 5900 |
Zeus (Nominated Adviser and Joint Broker) | +44 (0) 203 829 5000 |
David Foreman / Kieran Russell (Investment Banking) Dominic King (Corporate Broking) |
Notification and public disclosure of transactions by Persons Discharging Managerial
Responsibilities ("PDMR") and persons closely associated with them ("PCA")
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a . | Name | Keith Frener |
2 | Reason for notification | |
a . | Position/Status | PDMR
Director of subsidiary |
b . | Initial notification/
Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a . | Name | Symphony Environmental Technologies plc |
b . | LEI | 2138001WEI2WG26TMH90 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a . | Description of the financial instrument, type of instrument
Identification Code | Ordinary Shares of 1p each
ISIN: GB0009589168 | |||
b . | Nature of the transaction | Grant of EMI Options | |||
c . | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.045 | 300,000 | ||||
d . | Aggregated information
- Aggregated Volume
- Price |
Volume: 300,000 Price: £0.045 | |||
e . | Date of the transaction | 2024-01-5 | |||
f . | Place of the transaction | Outside a trading venue | |||