REG - Symphony Environment - Grant of options and PDMR dealing

Symphony Environmental TechnologiesAnnouncement

08/01/2024 07:00

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RNS Number : 8364Y  Symphony Environmental Tech. PLC  08 January 2024

8 January 2024

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

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

Grant of Options and PDMR dealing

Symphony Environmental Technologies Plc (AIM: SYM), global specialists in
products and technologies that "make plastic and rubber products smarter,
safer and more sustainable", announces it has granted options over 3,125,000
ordinary shares of 1p each in the Company ("Ordinary Shares") to staff under
the Company's EMI scheme with an exercise price of 4.5 pence per Ordinary
Share ("Staff Options").

The exercise price of 4.5 pence represents a premium of approximately 20 per
cent. to the closing share price of the Company on 4 January 2024, being the
last business day prior to the grant of the Staff Options. The Staff Options
vest after one year and expire 10 years from date of grant. There is one PDMR
participating in the scheme, details of his grant are shown at the end of this
announcement.

 

Enquiries

 

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

 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")

 

 

 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                                                         Keith Frener

 .
 2   Reason                   for notification
 a   Position/Status                                              PDMR

 .

                                                                  Director of subsidiary
 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                                                          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                     Ordinary Shares of 1p each

 .

     Identification Code

                                                                                     ISIN: GB0009589168
 b   Nature       of       the transaction                                           Grant of EMI Options

 .
 c   Price(s)                                and

   volume(s)
 .
                                                                                               Price(s)  Volume(s)
     £0.045                                                                                    300,000

 d   Aggregated information

 .

     -                 Aggregated Volume                                             Volume: 300,000 Price: £0.045

     - Price
 e   Date          of          the transaction                                       2024-01-5

 .
 f   Place         of                    the transaction                             Outside a trading venue

 .

 

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