REG - Symphony Environment - Grant of Options

Symphony Environmental TechnologiesAnnouncement

04/05/2022 07:00

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RNS Number : 1820K  Symphony Environmental Tech. PLC  04 May 2022

 

 

4 May 2022

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

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

Grant of Options

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 as follows:

Options over 3,800,000 ordinary shares of 1p each in the Company ("Ordinary
Shares") to staff under the Company's EMI scheme with an exercise price of 25
pence per Ordinary Share ("Staff Options"). The exercise price of 25 pence
represents a premium of approximately 30 per cent. to the closing share price
of the Company on 29 April 2022, 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.

Options over 200,000 Ordinary Shares have separately been granted to sales
consultants of the Group. These options also have an exercise price of 25
pence per Ordinary Share, vest after one year and expire three years from date
of grant.

Options over 750,000 Ordinary Shares have also been granted to a consultant
performing advisory services on various sales and marketing activities of the
Group (the "Consultant Options") as follows:

·    250,000 Consultant Options with an exercise price of 25 pence per
Ordinary Share

·    500,000 Consultant Options with an exercise price of 30 pence per
Ordinary Share

The Consultant Options expire three years from the date of grant.

 

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)                              +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

 

 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)
   £0.25                                                                                  300,000

 d.  Aggregated information

   -Aggregated Volume                                          Volume:  300,000

   -Price                                                      Price:  £0.25
 e.  Date of the transaction                                      2022-05-03
 f.  Place of the transaction                                     Borehamwood

 

 

 

 

 

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