Directorate Change

RNS Number : 0269K

Symphony Environmental Tech. PLC

06 April 2018

 

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 inside information is considered to be in the public domain.

6 April 2018

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony" or the "Company")

Directorate Change

Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in products and technologies that "make plastic smarter", is pleased to announce that Mr. Robert ("Bob") Wigley will join Symphony as a Non-Executive Director with immediate effect, having acted as an adviser to the Company over the last few years.

Bob is an experienced City professional having enjoyed a successful career in banking, latterly as Chairman of Merrill Lynch for Europe, the Middle East & Africa, and now works with several growth companies.  Bob is also Chairman of UK Finance, which represents nearly 300 of the leading firms providing finance, banking, markets and payments-related services in or from the UK.

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.  Bob Wigley, aged 57 years, is or has been a director of the following companies or partnerships during the five years preceding the date of this announcement:

Current directorships or partnerships	Past directorships or partnerships
Newta Limited	Ellestone Apparel LLP
NordEngine Capital Limited	Expansys Limited
Vesta Global Holdings Limited	Yellow Pages Limited
Loyalty Angels Limited	NetOTC Holdings Sarl
Margot Holdings Limited	Llamabrook Limited
Qatar Financial Centre Authority	Captive Minds Communications Group Limited
Chester Street Investments LLP	Stonehaven Associates LLP
Ellestone Partners LLP	Tantalum Corporation Limited
Minchin Hobart LLP	Altitude Medical Inc.
The Peter Jones Foundation	Hibu Plc
QC Ground Limited	Montagu House Limited
QC Holdings Limited	Stonehaven Advisers LLP
The Queens Club Limited	Stonehaven Search Limited
Capital Structured Solutions No. 1 (Feeder) LLP	Monitane Holdings Limited
Justinvesting Limited	Netotc Services Limited

Mr Wigley was chairman of Yellow Pages Limited and of Hibu Plc when those companies entered into administration on 28 February 2014 and 27 November 2013 respectively as part of the consensual restructuring of that group of companies.

Mr Wigley was a director of Justinvesting Limited when the company entered into a credit voluntary liquidation on 11 November 2016 and will remain a director until the company is formally dissolved, expected 28 April 2018.

Mr Wigley is beneficially interested in 200,000 ordinary shares of 1p each in the Company ("Ordinary Shares").  In addition, Bob has been granted options over 750,000 Ordinary Shares exercisable between one and five years from today's date at an exercise price of 20.25 pence per share.

Save as set out above there are no further disclosures pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

Nirj Deva MEP, DL, FRSA, Chairman of Symphony, said: "I am delighted to welcome Bob to the Board of Symphony.  He brings a wealth of experience from a distinguished career in investment banking, and from our previous working experience with Bob, are unequivocal in our belief that he will be a valuable source of guidance and that his skills and experience will complement the Board. This is a further step in the transformation of the Company from its development stage to achieving its full potential, and I think the strengthening of the board with a director of the calibre of Bob Wigley is a major endorsement for the company and its products."

Michael Laurier, Chief Executive of Symphony, said: "I echo the comments of Nirj and am delighted that Bob has accepted to join the Board of Symphony.   I was in New York with Bob earlier this week, whilst he was speaking at UN Headquarters to the Partnership Forum of the Economic and Social Council (ECOSOC) where he outlined the advantages of d2w oxo-biodegradable technology."

For further information, please contact:

Contacts

Symphony Environmental Technologies Plc
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, CFO www.symphonyenvironmental.com
Cantor Fitzgerald Europe
David Foreman, Richard Salmond (Corporate Finance)	Tel: [phone]
Alex Pollen (Sales)

Blytheweigh (Financial PR)                                                      Tel: [phone]

Tim Blythe

Nick Elwes

NOTES TO EDITORS:

About Symphony Environmental Technologies plc

Symphony has developed and continues to develop, controlled-life plastic technology which helps tackle the problem of microplastics by turning ordinary plastic at the end of its service-life into biodegradable materials. It is then no longer a plastic and can be bioassimilated in the open environment in the same way as a leaf. The technology is branded d₂w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products around the world. In some countries oxo-biodegradable plastic is mandatory. 

To view a BBC World Service short film introducing d2w oxo-biodegradable (controlled-life) plastic technology please click on the following links: 

From within the UK- http://www.symphonyenvironmental.com/d2w/d2w-brochure-5/

From outside of the UK - http://www.bbc.com/storyworks/the-british-bid/symphony 

In addition, Symphony has developed a range of additives, concentrates and master-batches marketed under its d2p® brand, which can be incorporated in a wide variety of plastic and non-plastic products so as to give them protection against many different types of bacteria, fungi, algae, moulds, and insects, and against fire. d2p products also include odour, moisture and ethylene adsorbers as well as other types of food preserving technologies. We have also launched d2p anti-microbial household gloves and are developing a range of other d2p retail finished products.

Symphony has also developed the d₂Detector®, a portable device which analyses plastics and detects counterfeit products. This is useful to government officials tasked with enforcing legislation.  Symphony's d₂t tagging and tracer technology is also available for further security.

Symphony has a diverse and growing customer-base and has established itself as an international business with 74 distributors around the world. Products made with Symphony's plastic technologies are now available in nearly 100 countries and in many different product applications. Symphony is accredited to ISO9001 and ISO14001.

Symphony is a member of The Oxo-biodegradable Plastics Association (www.biodeg.org) (OPA), the Society for the Chemical Industry (UK), and the Pacific Basin Environmental Council. Symphony actively participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).

Further information on the Symphony Group can be found at www.symphonyenvironmental.com and twitter @SymphonyEnv

 

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