RNS Number : 5376E
Symphony Environmental Tech. PLC
28 October 2022
 

 

 

28 October 2022

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this information is considered to be in the public domain

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony", the "Company" or the "Group")

Director/PDMR Shareholdings - Option amendments

Symphony Environmental Technologies Plc (AIM: SYM), global specialists in products and technologies that "make plastic and rubber products smarter, safer and more sustainable", announces a limited extension to the exercise period of options held by the directors of the Company (the "Directors") and certain other option holders.

The Company had previously granted options to purchase 12,691,500 ordinary shares of 1p each in the Company (the "Options") of which 10,941,500 were to certain directors of the Company. The Options were due to expire on 31 December 2022 and 6 April 2023 but have been extended for practical reasons to 31 December 2023 ("Option Extension").

The extension of the Options granted to Directors is considered a related party transaction pursuant to the AIM rules for companies. Accordingly, the Directors consider, having consulted with the Company's nominated adviser, that the Option Extension is fair and reasonable insofar as the Company's shareholders are concerned.

See PDMR disclosure tables below for further information. All other terms of the Options remain the same.

 

Enquiries

Symphony Environmental Technologies Plc

 

 

Michael Laurier, CEO

+44 (0) 20 8207 5900

 

Ian Bristow, CFO


 

www.symphonyenvironmental.com


 



 

Zeus (Nominated Adviser and Joint Broker)

 

 

David Foreman / Kieran Russell (Investment Banking)

+44 (0) 161 831 1512

 

Dominic King / Victoria Ayton (Corporate Broking)

+44 (0) 203 829 5000

 



 

Hybridan LLP (Joint Broker)

Claire Louise Noyce

 

+44 (0) 203 764 2341

 

Houston (Financial Public Relations)

Kay Larsen / Joe Burgess

 

+44 (0) 204 529 0549

 

 

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and persons closely associated with them ("PCA")

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Michael Laurier

2

Reason for notification

 

 

 

a.

Position/Status

PDMR

Director of Symphony Environmental Technologies plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Symphony Environmental Technologies plc

b.

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Options over Ordinary Shares of 1p each


ISIN: GB0009589168

b.

Nature of the transaction

Extension of option exercise period from 31 December 2022 to 31 December 2023

c.

Price(s) and volume(s)







Price(s)

Volume(s)


n/a

n/a

1,851,500

350,000



d.

Aggregated information

- Aggregated Volume

- Price

 

Volume: 2,201,500

Price:  n/a

e.

Date of the transaction

27 October 2022

f.

Place of the transaction

Outside of trading venue

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Ian Bristow

2

Reason for notification

 

 

 

a.

Position/Status

PDMR

Director of Symphony Environmental Technologies plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Symphony Environmental Technologies plc

b.

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Options over Ordinary Shares of 1p each


ISIN: GB0009589168

b.

Nature of the transaction

Extension of option exercise period from 31 December 2022 to 31 December 2023

c.

Price(s) and volume(s)







Price(s)

Volume(s)


n/a

n/a

3,000,000

280,000



d.

Aggregated information

- Aggregated Volume

- Price

 

Volume: 3,280,000

Price:  n/a

e.

Date of the transaction

27 October 2022

f.

Place of the transaction

Outside of trading venue

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Michael Stephen

2

Reason for notification

 

 

 

a.

Position/Status

PDMR

Director of Symphony Environmental Technologies plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Symphony Environmental Technologies plc

b.

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Options over Ordinary Shares of 1p each


ISIN: GB0009589168

b.

Nature of the transaction

Extension of option exercise period from 31 December 2022 to 31 December 2023

c.

Price(s) and volume(s)







Price(s)

Volume(s)


n/a

n/a

2,000,000

210,000



d.

Aggregated information

- Aggregated Volume

- Price

 

Volume: 2,210,000

Price:  n/a

e.

Date of the transaction

27 October 2022

f.

Place of the transaction

Outside of trading venue

 

 

 

 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Nicolas Clavel

2

Reason for notification

 

 

 

a.

Position/Status

PDMR

Director of Symphony Environmental Technologies plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Symphony Environmental Technologies plc

b.

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Options over Ordinary Shares of 1p each


ISIN: GB0009589168

b.

Nature of the transaction

Extension of option exercise period from 31 December 2022 to 31 December 2023

c.

Price(s) and volume(s)







Price(s)

Volume(s)


n/a

n/a

500,000

250,000



d.

Aggregated information

- Aggregated Volume

- Price

 

Volume: 750,000

Price:  n/a

e.

Date of the transaction

27 October 2022

f.

Place of the transaction

Outside of trading venue

 

 

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Shaun Robinson

2

Reason for notification

 

 

 

a.

Position/Status

PDMR

Director of Symphony Environmental Technologies plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Symphony Environmental Technologies plc

b.

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Options over Ordinary Shares of 1p each


ISIN: GB0009589168

b.

Nature of the transaction

Extension of option exercise period from 31 December 2022 to 31 December 2023

c.

Price(s) and volume(s)







Price(s)

Volume(s)


n/a

1,500,000



d.

Aggregated information

- Aggregated Volume

- Price

 

Volume: 1,500,000

Price:  n/a

e.

Date of the transaction

27 October 2022

f.

Place of the transaction

Outside of trading venue

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Robert Wigley

2

Reason for notification

 

 

 

a.

Position/Status

PDMR

Director of Symphony Environmental Technologies plc

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Symphony Environmental Technologies plc

b.

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Options over Ordinary Shares of 1p each


ISIN: GB0009589168

b.

Nature of the transaction

Extension of option exercise period from 31 December 2022 to 31 December 2023 (for 250,000 options) and form 6 April 2023 to 31 December (for 750,000 options)

c.

Price(s) and volume(s)







Price(s)

Volume(s)


n/a

n/a

250,000

750,000



d.

Aggregated information

- Aggregated Volume

- Price

 

Volume: 1,000,000

Price:  n/a

e.

Date of the transaction

27 October 2022

f.

Place of the transaction

Outside of trading venue

 

 

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