Symphony Environmental Tech. PLC Exercise of Options and Director Dealing (0504E)

TIDMSYM

RNS Number : 0504E

Symphony Environmental Tech. PLC

03 May 2017

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 information is considered to be in the public domain

3 May 2017

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Exercise of Options and Director Dealing, and Total Voting Rights

Symphony Environmental Technologies Plc ("Symphony" or the "Company") announces that further to the announcement on 19 April 2017 that Michael Stephen, Commercial Director and Deputy Chairman of the Company, had exercised share options to purchase 1,200,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") ("Option Shares"), allotment of the Option Shares has taken place today.

To fund the purchase of the Option Shares and potential tax liability that may arise, Mr Stephen and persons connected to him, have today sold 782,990 Ordinary Shares at a price of 16.0 pence per Ordinary Share. Following the disposal, Mr Stephen and persons connected to him remain interested in 1,351,008 Ordinary Shares representing approximately 0.9% of the issued share capital of the Company.

In addition to the above, the Company has today allotted 75,000 Ordinary Shares ("EMI Shares"), pursuant to an exercise of share options granted under the Company's staff EMI scheme by a former employee of the Company.

Application has been made for both the Option Shares and EMI Shares (which will rank pari passu with the Company's existing Ordinary Shares in issue) to be admitted to trading on AIM on 9 May 2017 ("Admission").

Following Admission, the enlarged issued share capital of the Company will be 151,514,377 Ordinary Shares. 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.

Following the exercise of the Option Shares and EMI Shares and sale of shares, the Board now have an increased aggregate holding of 37,765,817 Ordinary Shares, representing 24.9 per cent. of total issued share capital.

**S**

For further information, please contact:

Contacts

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

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 Stephen 
                                     ----------------------------------------------- 
 2      Reason for 
         notification 
-----  ----------------------------  ----------------------------------------------- 
 a.     Position/Status               PDMR 
                                       Commercial Director and Deputy 
                                       Chairman of the Symphony Environmental 
                                       Technologies plc 
-----  ----------------------------  ----------------------------------------------- 
 b.     Initial notification/         Initial Notification 
         Amendment 
-----  ----------------------------  ----------------------------------------------- 
 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                   Ordinary Shares of 1p each 
         of the financial 
         instrument, 
         type of instrument 
                                       ISIN: GB0009589168 
         Identification 
         Code 
-----  ----------------------------  ----------------------------------------------- 
 b.     Nature of the                 Exercise of share options to purchase 
         transaction                   1,200,000 new ordinary shares 
                                       of 1p each in the Company ("Ordinary 
                                       Shares") ("Option Shares") 
-----  ----------------------------  ----------------------------------------------- 
 
 c.     Price(s) and                   Price(s)                Volume(s) 
         volume(s) 
-----  ----------------------------   ----------------------  ------------------- 
    GBP0.0625                                                   1,200,000 
   ---------------------------------------------------------  ------------------- 
 
 d.     Aggregated 
         information                    Volume: 1,200,000 
         - Aggregated                   Price: GBP75,000 
         Volume 
         - Price 
-----  ----------------------------  ----------------------------------------------- 
 e.     Date of the                   2017-05-03 
         transaction 
-----  ----------------------------  ----------------------------------------------- 
 f.     Place of the                  Outside of trading venue 
         transaction 
-----  ----------------------------  ----------------------------------------------- 
 
 
 
 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 and connected 
                                        persons 
                                      ----------------------------------------------- 
 2      Reason for 
         notification 
-----  -----------------------------  ----------------------------------------------- 
 a.     Position/Status                PDMR 
                                        Commercial Director and Deputy 
                                        Chairman of the Symphony Environmental 
                                        Technologies plc 
-----  -----------------------------  ----------------------------------------------- 
 b.     Initial notification/          Initial Notification 
         Amendment 
-----  -----------------------------  ----------------------------------------------- 
 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                    Ordinary Shares of 1p each 
         of the financial 
         instrument, 
         type of instrument 
                                        ISIN: GB0009589168 
         Identification 
         Code 
-----  -----------------------------  ----------------------------------------------- 
 b.     Nature of the                  Sale of 782,990 Ordinary Shares, 
         transaction                    to fund the purchase of the Option 
                                        Shares 
-----  -----------------------------  ----------------------------------------------- 
 
 c.     Price(s) and                    Price(s)               Volume(s) 
         volume(s) 
-----  -----------------------------   ---------------------  -------------------- 
    GBP0.16                                                     782,990 
   ---------------------------------------------------------  -------------------- 
 
 d.     Aggregated 
         information                     Volume: 782,990 
         - Aggregated                    Price: GBP125,278.40 
         Volume 
         - Price 
-----  -----------------------------  ----------------------------------------------- 
 e.     Date of the                    2017-05-03 
         transaction 
-----  -----------------------------  ----------------------------------------------- 
 f.     Place of the                   London Stock Exchange 
         transaction 

-----  -----------------------------  ----------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 03, 2017 06:29 ET (10:29 GMT)