Issue of Equity

RNS Number : 4640H

Symphony Environmental Tech. PLC

19 May 2014

 



19 May 2014 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Exercise of Staff Options and Issue of Equity

Symphony Environmental Technologies Plc ("Symphony" or "Company") announces the Company has received notice from a member of Symphony's staff to exercise options to purchase 100,000 new ordinary shares of 1p each in the Company (the "Option Shares").  The options were granted under the Company's staff EMI scheme on 26 March 2009 with an exercise price of 2.375p per share.

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 can commence on or around 23 May 2014.

Following Admission, the enlarged issued share capital of the Company will be 128,769,377 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 Environmental Technologies Plc
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Cantor Fitzgerald Europe
Mark Percy (Corporate Finance)	Tel: [phone]
David Banks / Paul Jewell (Corporate Broking)

 

END

 

 

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