REG - Symphony Environment - Option amendments & grant of options
23/12/2024 12:45
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RNS Number : 1576R Symphony Environmental Tech. PLC 23 December 2024
23 December 2024
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony", the "Company" or the "Group")
Director/PDMR Dealings - Option amendments and 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 an 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 10,191,500 ordinary
shares of 1p each in the Company ("Ordinary Shares")(the "Options") of which
8,441,500 were to certain directors of the Company. The exercise prices of the
Options are 4.5 pence and 12.5 pence, so all the Options are above the
prevailing market price of the Ordinary Shares. The Options were due to expire
on 31 December 2024 but have been extended for practical reasons to 31
December 2026 ("Option Extension"). The Options represent 4.5% of the total
issued share capital of the Company.
In addition, options to purchase 250,000 Ordinary Shares has been granted to
Michael Kayser, a non-executive director of the Company. These new options
have an exercise price of 10p, representing a 245 per cent. premium to the
closing share price of 2.90 pence per Ordinary Share on 20 December 2024.
These options vest immediately and expire on 31 December 2029.
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 Broker)
David Foreman, Alexandra Campbell-Harris (Investment Banking) +44 (0) 203 829 5000
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 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 2024 to 31 December 2026
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 23 December 2024
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 2024 to 31 December 2026
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 23 December 2024
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 2024 to 31 December 2026
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 23 December 2024
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 2024 to 31 December 2026
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 23 December 2024
f. Place of the transaction Outside of trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a. Name Michael Kayser
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 Grant of option
c. Price(s) and volume(s)
Price(s) Volume(s)
10p 250,000
d. Aggregated information
- Aggregated Volume Volume: 250,000
- Price Price: 10p
e. Date of the transaction 23 December 2024
f. Place of the transaction Outside of trading venue
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