Exercise of Options and Issue of Equity

RNS Number : 9548G

Symphony Environmental Tech. PLC

20 May 2011

 



20 May 2011

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Exercise of Options and Issue of Equity

Symphony Environmental Technologies Plc ("Symphony" or "Company") announces that on 18 May 2011, the Company received notice from a member of Symphony's staff to exercise options over 50,000 new ordinary shares of 1p each in the Company (the "Option Shares").  These options were granted on 31 January 2008 under the Company's EMI scheme. The exercise price for the Option Shares is 2.75p per share.

Application will be made for the Option Shares, which will rank pari passu with the Company's existing ordinary shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will be effective and that dealings will commence on or around 25 May 2011.

Following Admission, the enlarged issued share capital of the Company will be 127,844,577 ordinary shares of 1p each. 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.

**ENDS**

For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Seymour Pierce Limited Stewart Dickson / Freddy Crossley (Corporate Finance) Katie Ratner / Jacqui Briscoe(Corporate Broking)	Tel: [phone]
Bishopsgate Communications Nick Rome	Tel: [phone]

 

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