Exercise of Options and Director Dealing

RNS Number : 0504E

Symphony Environmental Tech. PLC

03 May 2017

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain

3 May 2017 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Exercise of Options and Director Dealing, and Total Voting Rights

Symphony Environmental Technologies Plc ("Symphony" or the "Company") announces that further to the announcement on 19 April 2017 that Michael Stephen, Commercial Director and Deputy Chairman of the Company, had exercised share options to purchase 1,200,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") ("Option Shares"), allotment of the Option Shares has taken place today.

To fund the purchase of the Option Shares and potential tax liability that may arise, Mr Stephen and persons connected to him, have today sold 782,990 Ordinary Shares at a price of 16.0 pence per Ordinary Share. Following the disposal, Mr Stephen and persons connected to him remain interested in 1,351,008 Ordinary Shares representing approximately 0.9% of the issued share capital of the Company.

In addition to the above, the Company has today allotted 75,000 Ordinary Shares ("EMI Shares"), pursuant to an exercise of share options granted under the Company's staff EMI scheme by a former employee of the Company.

Application has been made for both the Option Shares and EMI Shares (which will rank pari passu with the Company's existing Ordinary Shares in issue) to be admitted to trading on AIM on 9 May 2017 ("Admission").

Following Admission, the enlarged issued share capital of the Company will be 151,514,377 Ordinary Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Following the exercise of the Option Shares and EMI Shares and sale of shares, the Board now have an increased aggregate holding of 37,765,817 Ordinary Shares, representing 24.9 per cent. of total issued share capital.

**ENDS**

 For further information, please contact:

Contacts

Symphony Environmental Technologies Plc
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Cantor Fitzgerald Europe
David Foreman / Michael Reynolds (Corporate Finance)	Tel: [phone]
David Banks (Sales)

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 Stephen
2	Reason for notification
a.	Position/Status	PDMR Commercial Director and Deputy Chairman of the Symphony Environmental Technologies plc
b.	Initial notification/ Amendment	Initial Notification
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 Identification Code	Ordinary Shares of 1p each ISIN: GB0009589168
b.	Nature of the transaction	Exercise of share options to purchase 1,200,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") ("Option Shares")
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0625	1,200,000
d.	Aggregated information - Aggregated Volume - Price	Volume: 1,200,000 Price:  £75,000
e.	Date of the transaction	2017-05-03
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 and connected persons
2	Reason for notification
a.	Position/Status	PDMR Commercial Director and Deputy Chairman of the Symphony Environmental Technologies plc
b.	Initial notification/ Amendment	Initial Notification
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 Identification Code	Ordinary Shares of 1p each ISIN: GB0009589168
b.	Nature of the transaction	Sale of 782,990 Ordinary Shares, to fund the purchase of the Option Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.16	782,990
d.	Aggregated information - Aggregated Volume - Price	Volume: 782,990 Price:  £125,278.40
e.	Date of the transaction	2017-05-03
f.	Place of the transaction	London Stock Exchange

 

END

 

 

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