Directors Dealings

RNS Number : 6948O

Symphony Environmental Tech. PLC

22 September 2011

 



22 September 2011                                                                           

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

DIRECTORS DEALING

The Company was notified on 21 September 2011 that Nirj Deva (Chairman), Michael Laurier (Chief Executive) and Michael Stephen (Deputy Chairman) purchased ordinary shares of 1 pence each of the Company ("Ordinary Shares") as follows:-

Director	Date of purchase	Number of Symphony  shares purchased	Purchase price
Nirj Deva	21  September 2011	112,000	8.75p
Michael Stephen	21 September 2011	55,000	8.75p

Michael Laurier        21 September 2011             112,000                         8.75p

Following these purchases, Nirj Deva is interested in 290,425 Ordinary Shares, representing approximately 0.23% per cent. of the Company's issued share capital, Michael Laurier is interested in 15,175,600 Ordinary Shares, representing approximately 11.87 per cent. of the Company's issued share capital and Michael Stephen is interested in 490,998 Ordinary Shares, representing approximately 0.38 per cent. of the Company's issued share capital.

As a result of the above transactions, Directors' shareholding now totals 17,612,242 Ordinary Shares equating to 13.78% of the issued share capital.

Symphony's Chief Executive, Michael Laurier, commented "Having announced our interims and given the current weakness in the share price we wanted to take the first opportunity possible to increase our holdings in the Company.

 "We continue to see huge growth potential for Symphony. The global market remains strong - we now sell products into over 90 countries and as our interim results showed we are a profitable cash generative business operating in a growing sector. Symphony continues to improve its products while strengthening its sales line and has a highly scaleable model in place."

-ENDS-

Symphony

Michael Laurier, CEO                                                                         Tel: [phone]

Ian Bristow, FD

Seymour Pierce

Stewart Dickson / Freddy Crossley (Corporate Finance)                  Tel: [phone]

Katie Ratner / Jacqui Briscoe (Corporate Broking)

Bishopsgate Communications

Nick Rome/Shabnam Bashir                                                              Tel: [phone]

Further information on the Symphony Environmental Technologies Group of companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a specialist 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 also owns the trademark d2p for an anti-microbial technology that can be used in most types of plastic products to help protect against infection.  Symphony is also developing innovative and cost-effective waste-to-value technology to convert scrap tyres and other waste-streams into valuable products.

Symphony's d2w® technology turns plastic at the end of its service-life into a material with a completely different molecular structure.  At that stage it is no longer a plastic and can be bioassimilated in the open environment in the same way as a leaf.

For a video of d2w® plastic degrading see -http://degradable.net/play-videos/4    

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),  the British Plastics Federation (BPF), and the Pacific Basin Economic Council (PBEC).  Symphony is also a member of the European Organisation for Packaging & the Environment (EUROPEN) and the British Brands Group. Symphony actively participates in the Committee work of the British Standards Institute (BSI), the European Standards Organisation (CEN), the American Standards Organisation (ASTM)  and the International Standards Organisation (ISO)

Further information on the Symphony Group can be found at www.d2w.net, and on oxo-biodegradable plastics generally at www.biodeg.org

 

END

 

 

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