Exercise of options and PDMR dealing

RNS Number : 2032T

Symphony Environmental Tech. PLC

18 March 2019

 

18 March 2019

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  

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

(the "Company")

Exercise of Options/PDMR dealing

Symphony Environmental Technologies Plc announces that the Company has issued 225,000 new ordinary shares of 1p each in the Company ("Ordinary Shares"), pursuant to an exercise of share options granted on the 26 March 2009 under the Company's staff EMI scheme ("Option Shares").  Of these 225,000 Option Shares, 50,000 relate to a PDMR, with further details provided in the table below.

Application has been 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 and dealings are expected to commence on 22 March 2019 ("Admission").

Following Admission, the enlarged issued share capital of the Company will be 154,569,377 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.

This announcement has been released by Ian Bristow, Company Secretary, on behalf of the Company.

Enquiries

Symphony Environmental Technologies Plc                                                   

Michael Laurier, CEO                                                                                           Tel: [phone]

Ian Bristow, CFO

www.symphonyenvironmental.com       

Cantor Fitzgerald Europe (Nominated Adviser and Broker)                     

David Foreman, Richard Salmond, Michael Boot                                           Tel: [phone]

(Corporate Finance)

Caspar Shand Kydd, Gregor Paterson (Sales)                                                  

The notifications below have been submitted to the FCA: 

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	Susan Kelly
2	Reason for notification
a.	Position/Status	PDMR Group Financial Controller
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	2138001WEI2WG26TMH90
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 50,000 new ordinary shares of 1p each in the Company
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.02375	50,000
d.	Aggregated information - Aggregated Volume - Price	Volume:  50,000 Price:  £1,187.50
e.	Date of the transaction	2019-18-03
f.	Place of the transaction	Borehamwood, UK

 

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