RNS Number : 6084H
Symphony Environmental Tech. PLC
13 March 2018
13 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 200,000 new ordinary shares of 1p each in the Company ("Ordinary Shares")(the "Option Shares"), pursuant to an exercise of share options granted on 13 March 2015 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 20 March 2018 ("Admission").
Following Admission, the enlarged issued share capital of the Company will be 152,144,377 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.
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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.
To view a BBC World Service short film introducing d2w oxo-biodegradable (controlled-life) plastic technology please click on the following links:
From within the UK- http://www.symphonyenvironmental.com/d2w/d2w-brochure-5/
From outside of the UK - http://www.bbc.com/storyworks/the-british-bid/symphony
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, and insects, and against fire. d2p products also include odour, moisture and ethylene adsorbers as well as other types of food preserving technologies. We have also launched d2p anti-microbial household gloves and are developing a range of other d2p retail finished products.
Symphony has also developed the d2Detector®, a portable device which analyses plastics and detects counterfeit products. This is 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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