EGM Statement

31 Mar 2005 11:16

Symphony Plastic Technologies PLC31 March 2005 31st March 2005 SYMPHONY PLASTIC TECHNOLOGIES PLC Extraordinary General Meeting approves £1.7 million placing The Company announces that at the extraordinary general meeting of the Companyheld earlier today, the resolutions to authorise and empower the directors toallot new ordinary shares were passed. For further information, please contact: Symphony Tel: 020 8207 5900Michael Laurier, Chief ExecutiveIan Bristow Citigate Dewe Rogerson Tel: 020 7638 9571Patrick Toyne-SewellGed Brumby Ends Information on Symphony: Symphony develops and supplies environmentally responsible plastic packagingproducts, which are distributed primarily to the retail, local authority andhealth related sectors. The Group's main technology, d2w(R), allows plastic todegrade, leaving only water, a minimal amount of carbon dioxide and traceamounts of non-toxic biomass over a controlled time period. The current d2w(R)product range now includes additives, carrier bags, refuse and waste sacks,mailing wrap, stretch film, aprons, and packaging films. Symphony has a strong blue-chip customer base in the UK and has successfullyestablished itself as an international business with agreements in Brazil,Colombia, New Zealand, South Africa, the Caribbean and the Middle East. Furtherinformation on Symphony can be found at www.degradable.net. This information is provided by RNS The company news service from the London Stock Exchange