REG - Symphony Environment - Director appointment & grant of options

Symphony Environmental TechnologiesAnnouncement

02/01/2024 07:00

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RNS Number : 2563Y  Symphony Environmental Tech. PLC  02 January 2024

2 January 2024

 

Symphony Environmental Technologies plc

("Symphony" or the "Company")

 

Appointment of non-executive director and grant of options

 

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 Michael Kayser has been appointed as
an independent non-executive director of the Company with immediate effect.

 

Michael is an experienced finance professional with more than 40 years'
experience across a variety of roles in both UK and with international
organisations. During the last 10 years he has primarily provided
non-executive director services to organisations including the Transport
Research Foundation, Biome Technologies Plc, the Transport Systems Catapult
and Stobart Group Limited. Prior to this, Michael also worked for Accenture,
Guinness (worldwide Finance Director for its beer division), HSBC, Laporte plc
(Finance Director), Lloyds Register (CFO and Chief Operating Officer), Royal
Bank of Scotland (private equity) and Unilever.

 

Michael Laurier, Chief Executive Officer, commented:

"I am delighted that Michael is joining the Board at this pivotal moment.
Michael has substantial experience with domestic and international trade,
finance and in particular the biodegradable plastic market.  On behalf of the
Board, we welcome Michael and look forward to working with him."

 

In accordance with Schedule 2(g) of the AIM Rules for Companies, Michael
Arthur Kayser (aged 68) holds, or has held in the past five years, the
following directorships and partnerships:

 

 Current directorships          Directorships held in last 5 years
 Transport Research Foundation  Transport Systems Catapult Ltd

 Trade Advisers Ltd             Malachite Advisers Ltd

                                Biome Technologies Plc

Michael Kayser does not hold any ordinary shares of Symphony as at the date of
this announcement. As set out below, he is being awarded 150,000 options over
ordinary shares of Symphony.

 

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

 

Options

 

The Company has granted options to Michael Kayser over 150,000 ordinary shares
of Symphony ("Options"). The Options are exercisable at a price of 4.5 pence
per ordinary share, being 20% higher than the closing share price on the day
immediately preceding the date of grant of the Options. The Options vest after
six months from the date of grant and expire on the third anniversary of the
date of grant.

 

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 (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")

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                            Michael Kayser
 2   Reason for the notification
 a)  Position/status                                              PDMR / non-executive director of Symphony Environmental Technologies plc
 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  Options over ordinary shares of 1 pence each ("Ordinary Shares")
     Identification code                                          ISIN: GB0009589168
 b)  Nature of the transaction                                    Grant of options over Ordinary Shares
 c)  Price(s) and volume(s)                                         Volume: 150,000

                                                                    Price: not applicable
 d)  Aggregated information                                         Volume: 150,000

     -   Aggregated volume                                         Price: not applicable

     -   Price
 e)  Date of the transaction                                      2 January 2024
 f)  Place of the transaction                                     Off market

 

 

 

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