8 Sep 2010 15:30
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Β 8 September 2010
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SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
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Grant of Staff and Distributors Options
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Symphony Environmental Technologies Plc ("Symphony" or the "Company"), the environmental plastics and waste-to-value Group, announces that on 7 September 2010, it granted to staff, excluding directors, 2,825,000 ordinary 1p share options under the Company's approved share options scheme ("Approved Options").
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The Approved Options may not be exercised for two years following which they may be exercised for a period of eight years. The Approved Options have an exercise price of 12p per ordinary share (being the mid-market price on 7 September 2010) and may only be exercised provided that the grantee remains an employee at date of exercise.
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In addition, the Company has granted 600,000 ordinary 1p share options to a number of its distributors ("Distributor Options") as a performance and loyalty incentive.
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The Distributor Options may not be exercised for one year following which they may be exercised for a period of four years. The Distributor Options have an exercise price of 12p per ordinary share and may only be exercised provided that the grantee remains a distributor of the Company at date of exercise.
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For further information, please contact:
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Symphony |
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Michael Laurier, CEO |
Tel: 020 8207 5900 |
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Ian Bristow, FD Β |
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Allenby Capital |
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Nick Naylor/Alex Price
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Tel: 020 3328 5659 |
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Bishopsgate Communications
Nick Rome |
Tel: 020 7562 3350 |
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