Symphony Environmental Tech. PLC Court Approval of Capital Reduction (4131Z)

TIDMSYM

RNS Number : 4131Z

Symphony Environmental Tech. PLC

15 December 2017

 
 
     15 December 2017 
 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Court Approval of Capital Reduction

The Board of Symphony Environmental Technologies plc (AIM: SYM) (the "Company") is pleased to announce that the High Court has confirmed the cancellation of the Company's share premium account as set out in the Circular issued on 19 October 2017, with the appropriate documents having been filed at Companies House.

For further information, contact:

Contacts

 
 Symphony Environmental Technologies 
  Plc 
 Michael Laurier, CEO                  Tel: +44 (0) 
                                        20 8207 5900 
 Ian Bristow, FD 
 
 Cantor Fitzgerald Europe 
 David Foreman / Callum Butterfield    Tel: +44 (0) 
  (Corporate Finance)                   20 7894 7000 
 Alex Pollen (Sales) 
 
 
 

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 d(2) w(R) 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. For a video of d2w(R) plastic degrading see https://www.youtube.com/watch?v=tQ7ce532BBM

In addition, Symphony has developed a range of additives, concentrates and master-batches marketed under its d2p(R) 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, insects and fire.

Symphony has also developed the d(2) Detector(R), a portable device which analyses plastics and detects counterfeit products. This will be very useful to government officials tasked with enforcing legislation. Symphony's d(2) t tagging and tracer technology is also available for further security. See www.d2t.net

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 certified 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 15, 2017 02:00 ET (07:00 GMT)