REG - Symphony Environment - Director/PDMR Shareholdings – Option amendments
28/10/2022 15:00
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RNS Number : 5376E Symphony Environmental Tech. PLC 28 October 2022
28 October 2022
The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. It forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement, this information is considered to be in the public domain
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony", the "Company" or the "Group")
Director/PDMR Shareholdings - Option amendments
Symphony Environmental Technologies Plc (AIM: SYM), global specialists in
products and technologies that "make plastic and rubber products smarter,
safer and more sustainable", announces a limited extension to the exercise
period of options held by the directors of the Company (the "Directors") and
certain other option holders.
The Company had previously granted options to purchase 12,691,500 ordinary
shares of 1p each in the Company (the "Options") of which 10,941,500 were to
certain directors of the Company. The Options were due to expire on 31
December 2022 and 6 April 2023 but have been extended for practical reasons to
31 December 2023 ("Option Extension").
The extension of the Options granted to Directors is considered a related
party transaction pursuant to the AIM rules for companies. Accordingly, the
Directors consider, having consulted with the Company's nominated adviser,
that the Option Extension is fair and reasonable insofar as the Company's
shareholders are concerned.
See PDMR disclosure tables below for further information. All other terms of
the Options remain the same.
Enquiries
Symphony Environmental Technologies Plc
Michael Laurier, CEO +44 (0) 20 8207 5900
Ian Bristow, CFO
www.symphonyenvironmental.com (http://www.symphonyenvironmental.com)
Zeus (Nominated Adviser and Joint Broker)
David Foreman / Kieran Russell (Investment Banking) +44 (0) 161 831 1512
Dominic King / Victoria Ayton (Corporate Broking) +44 (0) 203 829 5000
Hybridan LLP (Joint Broker)
Claire Louise Noyce +44 (0) 203 764 2341
Houston (Financial Public Relations)
Kay Larsen / Joe Burgess +44 (0) 204 529 0549
Notification and public disclosure of transactions by Persons Discharging
Managerial Responsibilities ("PDMR") and persons closely associated with them
("PCA")
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
1 Details of the person discharging managerial responsibilities/person closely
associated
a. Name Michael Laurier
2 Reason for notification
a. Position/Status PDMR
Director of Symphony Environmental Technologies plc
b. Initial notification/ Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Symphony Environmental Technologies plc
b. LEI N/A
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 1p each
Identification Code ISIN: GB0009589168
b. Nature of the transaction Extension of option exercise period from 31 December 2022 to 31 December 2023
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 1,851,500
n/a 350,000
d. Aggregated information
- Aggregated Volume Volume: 2,201,500
- Price Price: n/a
e. Date of the transaction 27 October 2022
f. Place of the transaction Outside of trading venue
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
1 Details of the person discharging managerial responsibilities/person closely
associated
a. Name Ian Bristow
2 Reason for notification
a. Position/Status PDMR
Director of Symphony Environmental Technologies plc
b. Initial notification/ Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Symphony Environmental Technologies plc
b. LEI N/A
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 1p each
Identification Code ISIN: GB0009589168
b. Nature of the transaction Extension of option exercise period from 31 December 2022 to 31 December 2023
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 3,000,000
n/a 280,000
d. Aggregated information
- Aggregated Volume Volume: 3,280,000
- Price Price: n/a
e. Date of the transaction 27 October 2022
f. Place of the transaction Outside of trading venue
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
1 Details of the person discharging managerial responsibilities/person closely
associated
a. Name Michael Stephen
2 Reason for notification
a. Position/Status PDMR
Director of Symphony Environmental Technologies plc
b. Initial notification/ Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Symphony Environmental Technologies plc
b. LEI N/A
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 1p each
Identification Code ISIN: GB0009589168
b. Nature of the transaction Extension of option exercise period from 31 December 2022 to 31 December 2023
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 2,000,000
n/a 210,000
d. Aggregated information
- Aggregated Volume Volume: 2,210,000
- Price Price: n/a
e. Date of the transaction 27 October 2022
f. Place of the transaction Outside of trading venue
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
1 Details of the person discharging managerial responsibilities/person closely
associated
a. Name Nicolas Clavel
2 Reason for notification
a. Position/Status PDMR
Director of Symphony Environmental Technologies plc
b. Initial notification/ Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Symphony Environmental Technologies plc
b. LEI N/A
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 1p each
Identification Code ISIN: GB0009589168
b. Nature of the transaction Extension of option exercise period from 31 December 2022 to 31 December 2023
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 500,000
n/a 250,000
d. Aggregated information
- Aggregated Volume Volume: 750,000
- Price Price: n/a
e. Date of the transaction 27 October 2022
f. Place of the transaction Outside of trading venue
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
1 Details of the person discharging managerial responsibilities/person closely
associated
a. Name Shaun Robinson
2 Reason for notification
a. Position/Status PDMR
Director of Symphony Environmental Technologies plc
b. Initial notification/ Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Symphony Environmental Technologies plc
b. LEI N/A
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 1p each
Identification Code ISIN: GB0009589168
b. Nature of the transaction Extension of option exercise period from 31 December 2022 to 31 December 2023
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 1,500,000
d. Aggregated information
- Aggregated Volume Volume: 1,500,000
- Price Price: n/a
e. Date of the transaction 27 October 2022
f. Place of the transaction Outside of trading venue
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
1 Details of the person discharging managerial responsibilities/person closely
associated
a. Name Robert Wigley
2 Reason for notification
a. Position/Status PDMR
Director of Symphony Environmental Technologies plc
b. Initial notification/ Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Symphony Environmental Technologies plc
b. LEI N/A
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 1p each
Identification Code ISIN: GB0009589168
b. Nature of the transaction Extension of option exercise period from 31 December 2022 to 31 December 2023
(for 250,000 options) and form 6 April 2023 to 31 December (for 750,000
options)
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 250,000
n/a 750,000
d. Aggregated information
- Aggregated Volume Volume: 1,000,000
- Price Price: n/a
e. Date of the transaction 27 October 2022
f. Place of the transaction Outside of trading venue
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