Issue of Equity

RNS Number : 6872Z

Symphony Environmental Tech. PLC

25 September 2009

 



25 September 2009

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

EXERCISE OF WARRANTS 

AND

ISSUE OF EQUITY

Symphony Environmental Technologies Plc ('Symphony', 'Company' or 'the Group'), the environmental plastics and waste-to-energy Group, announces that 300,000 ordinary 1p share warrants have been exercised by Headstart Global Fund Limited and Headstart Global Aggressive Fund Limited (together 'Headstart'). The warrants were granted further to an amendment dated 27 September 2007 to the convertible loan agreement made on 13 December 2006 between the Company and Headstart. The exercise price of these warrants is 4.125p per ordinary share.

Application has been made for the new ordinary shares, which will rank pari passu with the Company's existing ordinary shares in issue, to be admitted to trading on AIM. It is expected that admission will be effective and that dealings in the new ordinary shares will commence on 1 October 2009.

For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Allenby Capital
Rod Venables/James Reeve	Tel: [phone]
Threadneedle Communications Graham Herring/Josh Royston	Tel: [phone]

Further information on the Symphony Environmental Technologies Group of companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in Controlled-life plastic technology - a system that works by a process called oxo-biodegradation. The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other products.  

Symphony has a diverse and growing customer-base and has established itself successfully as an international business. Products made with d2w® plastic technology can be found in more than 70 countries around the world and in many different product applications. Symphony is a member of the Oxo-biodegradable Plastics Association (www.biodeg.org), the Society for the Chemical Industry (UK), and the American Standards Organisation (ASTM). Symphony continues to participate in the work of the British Standards Institute (BSI), and the European Standards Organisation (CEN).

Symphony has just launched d2p anti-microbial technology which has applications in similar markets to d2w®.

Symphony is also developing innovative waste-to-energy technology and cost-effective processes to convert plastics, tyres and other waste-streams into valuable products. 

Further information on the Symphony Group can be found at www.d2w.net.

 

END

 

 

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