Exercise of Options and Issue

RNS Number : 9672A
Symphony Environmental Tech. PLC
09 February 2011
 



09 February 2011

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

Exercise of Options and Issue of Equity

 

Symphony Environmental Technologies Plc ("Symphony" or "Company") announces that on 09 February 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, £1,375 in aggregate.

 

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 18 February 2011.

 

Following Admission, the enlarged issued share capital of the Company will be 117,384,577 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: 020 8207 5900

Ian Bristow, FD

 

 

Allenby Capital

 

Nick Naylor/James Reeve

 

Tel: 020 3328 5656

Bishopsgate Communications

Nick Rome

Tel: 020 7562 3350

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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