BNY Mellon Level 1 ADR Progra

RNS Number : 1276F

Symphony Environmental Tech. PLC

07 January 2010

 



 7 January 2010

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

BNY Mellon Level 1 American Depositary Receipt ("ADR") Programme

Symphony Environmental Technologies Plc ("Symphony", "Company" or "the Group"), the environmental plastics and waste-to-energy group, is pleased to announce that its ADR is now being electronically quoted and investors can access the security through most brokerage accounts.

Symphony ADRs trade in the US on the OTC (Over The Counter) market under the symbol SETPY. The ADR to 1p ordinary share ratio is 1:100 and the CUSIP is 87156K104. BNY Mellon acts as sponsored depositary for Symphony's ADR facility. 

An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs trade and settle in the US in dollars; dividends are also paid to investors in dollar form. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors, and to provide a corporate finance vehicle for non-US companies. ADRs can be held in book-entry form or as a physical certificate.

Michael Laurier, CEO of Symphony Environmental Technologies plc, said:

"This facility allows easier access to Symphony securities by potential US investors who have found it difficult to trade outside the US markets. It enhances Symphony's global visibility programme which is important to our expansion strategy. " 

For further information, see list of contacts below. 

If for any reason your broker is not able to purchase this security please have the broker contact BNY Mellon for additional information.

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD	Tel: [phone]
BNY Mellon
Michael Ludwig	Tel: [phone]  ([e-mail])
Jason Smith	Tel: [phone]  ([e-mail])
Allenby Capital (Symphony's UK Nominated Adviser and Broker)
Rod Venables/Jamie Boyd	Tel: [phone]
Threadneedle Communications (Symphony's UK Financial PR consultants) 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 plastic 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 80 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 is also a member of The US Save the Plastic Bag Coalition (http://www.savetheplasticbag.com/). Symphony actively participates 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.

BNY Mellon

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. Additional information is available at www.bnymellon.com.

 

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