REG - Symphony Environment - Options amendments

Symphony Environmental TechnologiesAnnouncement

28/12/2023 07:00

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RNS Number : 8077X  Symphony Environmental Tech. PLC  28 December 2023

 

 

28 December 2023

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

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

Director/PDMR Shareholdings - Options 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 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 (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 below the prevailing price of the
Company's ordinary shares. The Options were due to expire on 31 December 2023
but have been extended for practical reasons to 31 December 2024 ("Option
Extension"). The Options represent 5.5% of the total issued share capital of
the Company.

The extension of the Options granted to Directors is considered a related
party transaction pursuant to the AIM rules for companies. Accordingly, the
Directors except for the relevant director and the options awarded to him,
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 Broker)
 David Foreman, Kieran Russell (Investment Banking)                    +44 (0) 161 831 1512
 Dominic King (Sales)                                                  +44 (0) 203 829 5000

 

 

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 2023 to 31 December 2024
 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 December 2023
 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 2023 to 31 December 2024
 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 December 2023
 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 2023 to 31 December 2024
 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 December 2023
 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 2023 to 31 December 2024
 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 December 2023
 f.  Place of the transaction                                     Outside of trading venue

 

 

 

 

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