REG - Symphony Environment - Equity Subscription

Symphony Environmental TechnologiesAnnouncement

08/05/2025 10:45

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RNS Number : 8933H  Symphony Environmental Tech. PLC  08 May 2025

 

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. Upon the publication of this announcement, this inside information
is considered to be in the public domain.

 

     8 May 2025

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

("Symphony", the "Group" or the "Company")

 

Equity subscription raising £2.5 million and

total voting rights

 

Symphony Environmental Technologies Plc (AIM: SYM), the global specialist that
makes plastic and rubber products "smarter, safer and sustainable", is pleased
to announce that it has raised £2.5 million pursuant to an equity
subscription for 12,500,000 new ordinary shares of nominal value 1 pence each
in the Company ("Ordinary Shares") by Quantum Leap Capital ("Quantum") based
in Vermont, USA (the "Subscription").

 

The subscription price is 20 pence per Ordinary Share ("Subscription Price")
and upon completion of the Subscription, Quantum will be interested in 5.26
per cent. of the enlarged issued share capital of the Company.

 

The Subscription will complete in two tranches: Tranche A being for 1,250,000
Ordinary Shares and Tranche B for 11,250,000 Ordinary Shares. The Tranche A
Ordinary Shares are expected to be admitted to trading on AIM on or around 12
May 2025 ("First Admission") and the Tranche B Ordinary Shares, on or around 9
June 2025 ("Second Admission").

 

The new Ordinary Shares issued pursuant to the Subscription will rank in full
for all dividends or other distributions hereafter declared, made or paid on
the ordinary share capital of the Company and will rank pari passu in all
other respects with all other Ordinary Shares in issue.

 

Total Voting Rights

 

Following First Admission, the total issued share capital of the Company will
be 226,349,120 Ordinary Shares. The Company does not hold any shares in
treasury and therefore the total number of voting rights in Symphony will be
226,349,120.

 

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine whether they are required to notify
their interest in, or a change to their interest in, the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules up until
Second Admission.

 

Following Second Admission, the total issued share capital of the Company will
be 237,599,120 Ordinary Shares. The Company does not hold any shares in
treasury and therefore the total number of voting rights in Symphony will be
237,599,120.

 

Use of proceeds

The proceeds of the Subscription will be used for ongoing working capital
purposes and Symphony's continuing market development in a range of core
complementary technologies. In particular, the Group will contract with GCC
Support Services a marketing and advisory organisation which has experience
working at high levels with governmental and commercial organisations, to
invest in the Middle East region over the next twelve months to:

 

(a)      market and sell Symphony's d2w, d2p, and NbR (natural
biodegradable resin) products;

(b)      devise and execute a public relations and media campaign
specifically for the region;

(c)      lobby for positive legislation in the region; and

(d)      work with Symphony on strategic developments in the region.

 

Michael Laurier, CEO of Symphony said, "I am very pleased to welcome Quantum
Leap Capital  as a material shareholder in the Group and look forward to
exploring new opportunities through their extended network to help expand and
accelerate the global adoption of our many technologies. I am also pleased to
be working with GCC Support Services in what is one of our main markets, the
Middle East."

 

Enquiries:

 Symphony Environmental Technologies Plc
 Michael Laurier, CEO                                                  Tel: +44 (0) 20 8207 5900
 Ian Bristow, CFO
 www.symphonyenvironmental.com (http://www.symphonyenvironmental.com)

 Zeus Capital Limited (Nominated Adviser and Broker)
 David Foreman, Alexandra Campbell-Harris (Investment Banking)         Tel: +44 (0) 203 829 5000

The person responsible for arranging the release of this information is
Michael Laurier, CEO of the Company.

 

NOTES TO EDITORS:

 

About Symphony Environmental Technologies plc

https://www.symphonyenvironmental.com (https://www.symphonyenvironmental.com)

 

Symphony has a diverse and growing customer-base and has established itself as
an international business with over 70 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 itself is
accredited to ISO9001 and ISO14001.

Symphony is a founder-member of The BPA (www.biodeg.org) and 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 Group can be found at
https://www.symphonyenvironmental.com (https://www.symphonyenvironmental.com)
and X

 @SymphonyEnv. See also Symphony on Instagram.

D2W TECHNOLOGY

Symphony has developed over 25 years a biodegradable plastic technology which
addresses the problem of persistent microplastics, by turning ordinary plastic
at the end of its service-life into a waxy substance which is biodegradable.
It is then no longer a plastic and can be bioassimilated in the open
environment in a similar way to a leaf without leaving microplastics behind.
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, much of which has been recycled. In some countries, oxo-biodegradable
plastic is mandatory for short-life plastic products.

D2P TECHNOLOGY

Symphony has also developed practical and cost-effective ways to upgrade
plastic products to provide protection against bacteria, viruses, fungi,
insects, odours and fire.  See www.d2p.net.

NbR TECHNOLOGY

 

First developed by Symphony in 2011, NbR is made with natural minerals to
reduce the amount of fossil-derived polyethylene or polypropylene used for
making plastic products. The products will also biodegrade safely in nature
without leaving microplastics if they escape recycling and end up as litter in
the open environment.

 

When NbR is used instead of normal polythene or polypropylene resins it will
reduce the amount of fossil-derived plastic in the product by 20%, as well as
cutting CO2 emissions.

 

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