RNS Number : 8077X
Symphony Environmental Tech. PLC
28 December 2023
 

 

 

28 December 2023

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

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

Director/PDMR Shareholdings - Options 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 an 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 10,191,500 ordinary shares of 1p each in the Company (the "Options") of which 8,441,500 were to certain directors of the Company. The exercise prices of the Options are 4.5 pence and 12.5 pence, so all the Options are below the prevailing price of the Company's ordinary shares. The Options were due to expire on 31 December 2023 but have been extended for practical reasons to 31 December 2024 ("Option Extension"). The Options represent 5.5% of the total issued share capital of the Company.

The extension of the Options granted to Directors is considered a related party transaction pursuant to the AIM rules for companies. Accordingly, the Directors except for the relevant director and the options awarded to him, 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 Broker)

 

David Foreman, Kieran Russell (Investment Banking)

+44 (0) 161 831 1512

Dominic King (Sales)

+44 (0) 203 829 5000



 

 

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 2023 to 31 December 2024

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 December 2023

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 2023 to 31 December 2024

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 December 2023

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 2023 to 31 December 2024

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 December 2023

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 2023 to 31 December 2024

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 December 2023

f.

Place of the transaction

Outside of trading venue

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEAFAAAADDFFA