Exercise of warrants

RNS Number : 1329S
Symphony Environmental Tech. PLC
03 September 2010
 



 

 

 3 September 2010

 

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

EXERCISE OF WARRANTS

and

Issue of Equity

 

Symphony Environmental Technologies Plc ("Symphony" or "Company"), the environmental plastics and waste-to-value Group, announces that E C Capital Limited has today exercised warrants to acquire 300,000 ordinary 1p shares in the Company (the "Warrant Shares").

 

These warrants were issued pursuant to warrant instruments dated 20 December 2006 and 27 September 2007 made between the Company and E C Capital Limited (the "Warrant Instrument"). The exercise price for the Warrant Shares is 4.125p per Warrant Share. E C Capital Limited have no further warrants outstanding pursuant to the above.

 

Application has been made for the Warrant 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 Warrant Shares will commence on or around 13 September 2010.

 

Following the issue of the Warrant Shares, the enlarged issued share capital of the Company will be 117,034,577 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.

 

For further information, please contact:

 

Symphony


Michael Laurier, CEO

Tel: 020 8207 5900

Ian Bristow, FD

 

 

Allenby Capital


Nick Naylor/Alex Price

 

Tel: 020 3328 5659

Bishopsgate Communications

Nick Rome

Tel: 020 7562 3350

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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