Symphony Environmental Tech. PLC
22 April 2008
22 April 2008
Symphony Environmental Technologies PLC ('the Company')
Issue of Equity
Symphony Environmental Technologies, the degradable plastics and waste to energy
group, announces that following a request by Headstart Global Fund Limited and
Headstart Global Aggressive Fund Limited (together 'Headstart') it has allotted
3,446,037 new ordinary shares of 1p each ('the Conversion Shares') at a price of
1.6625p to Headstart in respect of the conversion of £50,000 nominal of
convertible redeemable loan notes and £7,290.36 accrued interest, pursuant to
the convertible loan facility agreement referred to in the announcement made by
the Company on 15 December 2006.
Application has been made for the Conversion Shares, which will rank pari passu
with the existing ordinary shares in issue, to be admitted to AIM. It is
expected that admission will be effective and dealings in the Conversion Shares
will commence on 30 April 2008.
For further information:
Symphony Environmental Technologies Plc
Ian Bristow, Finance Director +44 (0) 20 8207 5900
HB Corporate
Rod Venables/Rory Creedon: +44 (0) 20 7510 8591
This information is provided by RNS
The company news service from the London Stock Exchange
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