Exercise of Options

RNS Number : 7359C

Symphony Environmental Tech. PLC

19 April 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

19 April 2017 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Exercise of Options

Symphony Environmental Technologies Plc ("Symphony" or "Company") announces that the Company has received notice to exercise share options representing 1,200,000 new ordinary shares of 1p each in the Company ("Ordinary Shares")(the "Option Shares") by Michael Stephen, Commercial Director and Deputy Chairman of the Company.

Under the terms of the share option agreement, the Option Shares (which will rank pari passu with the Company's existing Ordinary Shares in issue) will be issued and allotted ("Allotment") between seven and twenty-eight days from today's date. Application will then be made for the Option Shares to be admitted to trading on AIM ("Admission").

Following Admission, the enlarged issued share capital of the Company will be 151,439,377 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 Allotment, Mr Stephen and his family will be interested in 2,133,998 Ordinary Shares representing approximately 1.4% of the issued share capital of the Company.

**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)

 

END

 

 

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