Completion of reorganisation

RNS Number : 5639O

Symphony Environmental Tech. PLC

30 June 2010

 



30 June 2010

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Reorganisation

The Board of Symphony Environmental Technologies plc (the "Company") is pleased to announce that the High Court has confirmed the cancellation of the Company's share premium account in the manner announced on 29 April 2010.  As a result, it is anticipated that the proposed restructure of the Company's balance sheet will be completed on 1 July 2010.

Full details relating to the capital reduction are set out in the circular dated 29 April 2010.

Contacts

Symphony	Tel: [phone]
Michael Laurier, CEO
Ian Bristow, FD
Allenby Capital Limited	Tel: [phone]
Nick Naylor/Alex Price
Threadneedle Communications	Tel: [phone]
Graham Herring / Alex White

Further information on the Symphony Environmental Technologies Group of companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC considers itself a world leader in Controlled-life plastic technology and products - a system that works by a process called oxo-biodegradation.  The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products. 

Symphony has a diverse and growing customer-base and has established itself successfully as an international business. Products made with d2w plastic technology can now be found in more than 90 countries around the world and in many different product applications.  Symphony is a member of the Oxo-biodegradable Plastics Association (www.biodeg.org), the Society for the Chemical Industry (UK), and the American Standards Organisation (ASTM).  Symphony is also a member of the European Organisation for Packaging & the Environment (Europen), the US Save the Plastic Bag Coalition and the British Brands Group. Symphony actively participates in the work of the British Standards Institute (BSI) and the European Standards Organisation (CEN).

Symphony also owns the trademark d2p for an anti-microbial technology that is used in most type of plastic product applications to help protect those products against bacteria and fungal growth.  Symphony is also developing innovative and cost-effective waste-to-value technology to convert plastics, tyres and other waste-streams into valuable products.

Further information on the Symphony Group can be found at www.d2w.net.

For a video of d₂w plastic degrading  see http://www.youtube.com/watch?v=i3TGqcpWJTM

 

END

 

 

MSCWGUCCQUPUGCU