REG - Symphony Environment - Appointment of Executive Director

Symphony Environmental TechnologiesAnnouncement

18/05/2022 07:00

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RNS Number : 8571L  Symphony Environmental Tech. PLC  18 May 2022

18 May 2022

 

Symphony Environmental Technologies plc

("Symphony" or the "Company")

 

Appointment of Executive Director

 

Symphony Environmental Technologies plc (AIM: SYM), global specialists in
technologies that make plastic and rubber products smarter, safer and more
sustainable, is pleased to announce that The Hon. Alexander Brennan will be
appointed as an Executive Director of the Company with immediate effect.

 

Alexander has nearly two decades' experience of delivering growth for
businesses in the UK and internationally, both as principal and adviser.
Alexander founded Brennan & Partners in 2016, a UK-headquartered
consultancy, providing business development advisory services for UK and
international clients. In his capacity as CEO of Brennan & Partners, he
has provided business development advisory services to Symphony since February
2019.

 

Prior to founding Brennan & Partners, Alexander was CEO of a global
infrastructure investment business, building upon five years of international
sales and business development experience with De La Rue plc. Alexander began
his career at Slaughter and May, where he practised as a corporate lawyer for
several years.  Alexander is also an independent non-executive director of
Big Technologies plc.

 

Alexander will join Symphony on a part time basis, focusing on customer
engagement, marketing and corporate matters.

 

Michael Laurier, Chief Executive Officer, commented:

"I am delighted that Alexander is joining the Board at this pivotal moment. We
are engaged with several high-level discussions and negotiations and Alexander
brings his entrepreneurial skills and network of international relationships
at an important time in the commercial development process. On behalf of the
Board, we look forward to welcoming Alexander."

 

In accordance with Schedule 2(g) of the AIM Rules for Companies, Alexander
Manuel Philip Martin Brennan (aged 42) holds, or has held in the past five
years, the following directorships and partnerships:

 

 Current Directorships           Directorships held in last 5 years
 Brennan & Partners Limited      38 Draycott Place Freehold Company Limited

 Big Technologies plc

Alexander holds no ordinary shares in the Company ("Ordinary Shares") but has
options over an aggregate 1,750,000 Ordinary Shares that were granted to him
previous to this appointment to the Board, and in respect of his consultancy
services provided to the Company.

 

The terms of these options are set out below:

 

 Number of shares under option  Exercise price  Grant date    Expiry date
 1,000,000                      30 pence        14 Sept 2020  14 Sept 2023
 250,000                        25 pence        03 May 2022   03 May 2025
 500,000                        30 pence        03 May 2022   03 May 2025

 

There is no further information on Alexander Brennan required to be disclosed
under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

 

Enquiries

 Symphony Environmental Technologies Plc                                 +44 (0) 20 8207 5900
 Michael Laurier, CEO

 Ian Bristow, CFO

 www.symphonyenvironmental.com (http://www.symphonyenvironmental.com/)
 Zeus (Nominated Adviser and Joint Broker)                               +44 (0) 203 829 5000
 David Foreman / Kieran Russell / Guy Brinkley (Investment Banking)

 Dominic King / Victoria Ayton (Corporate Broking)
 Hybridan LLP (Joint Broker)                                             +44 (0) 203 764 2341

 Claire Louise Noyce

 

NOTES TO EDITORS:

 

About Symphony Environmental Technologies plc

 

Symphony Environmental is a world-leading developer of technologies that
reduce plastic pollution by turning ordinary plastic into biodegradable
materials at the end of its service life, leaving no microplastics or toxic
residues. Distributed in nearly 100 countries, the d2w® logo has appeared on
thousands of tonnes of plastic products for over twenty years.

 

Symphony has also developed a range of additives, concentrates and
masterbatches marketed under its d2p® ("designed to protect") trademark,
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, viruses, 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.

Symphony was named 'ESG Company of the Year' for outstanding global
achievements in environmental objectives at the 2021 Small Cap Awards in
London, an accolade that accompanies its 'Green Economy Mark' presented by the
London Stock Exchange to listed companies that derive 50% or more of their
activity from the Green Economy.

 

Further information can be found at www.symphonyenvironmental.com

 

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