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SYM Symphony Environmental Technologies Plc

3.25
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Symphony Environmental Technologies Plc LSE:SYM London Ordinary Share GB0009589168 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.25 5,000 07:36:40
Bid Price Offer Price High Price Low Price Open Price
3.00 3.50 3.25 3.25 3.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 6.15M -2.89M -0.0156 -2.08 6.01M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:41:09 O 5,000 3.1625 GBX

Symphony Environmental T... (SYM) Latest News (1)

Symphony Environmental T... (SYM) Discussions and Chat

Symphony Environmental T... (SYM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 13:41:103.165,000158.13O

Symphony Environmental T... (SYM) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Symphony Environmental T... Daily Update
Symphony Environmental Technologies Plc is listed in the Plastics,resins,elastomers sector of the London Stock Exchange with ticker SYM. The last closing price for Symphony Environmental T... was 3.25p.
Symphony Environmental T... currently has 184,806,833 shares in issue. The market capitalisation of Symphony Environmental T... is £6,006,222.
Symphony Environmental T... has a price to earnings ratio (PE ratio) of -2.08.
This morning SYM shares opened at 3.25p
Posted at 05/4/2024 16:21 by premium beeks
Yes, it must have been hard to part with all that cash.It usually excites the locals though who say "he must know something", for 2k it's hard to get better share price publicity.Although most have caught on to SYM now. Give it a few weeks, you'll soon join the club.
Posted at 01/4/2024 20:58 by wololol
Interesting Freddie but it's just in lab state at the moment + expensive to recreate so years away from becoming anything likes Syms offering if at all. Curren only SYM have the best patented and approved additives. Revenmnues about to go exponential when India certificate comes in the next few months and Sauidt Arabia pass legislation. Great time to invest when fully funded now.
Posted at 14/3/2024 17:00 by swiss paul
Yikes - should we be worried, Will a horses head be found in Mrs L's bed. Will the CEO end up sleeping with the fishes?

Erm, any chance I can bag part of that 7% please

Extension to Convertible Loan Agreements



Symphony Environmental Technologies Plc (AIM: SYM), global specialists in technologies that make plastic products "smarter, safer and sustainable", is pleased to announce extensions to the two existing £1.0m convertible loan agreements entered into with Sea Pearl Ventures Limited ("Sea Pearl") (together, the "CLAs") from 30 September 2024 to 31 December 2025.



The other key terms of the CLAs, which were originally announced on 13 March 2023 and 18 October 2023 respectively, are unchanged.



The key terms of the updated CLAs are repeated below for completeness:



· CLAs total drawn principal: £1.5 million (unsecured)

· If not repaid on or before 31 December 2025, conversion on that date

· Conversion price: 80% of the volume-weighted average share price for the 3 months prior to 31 December 2025

· Interest: 7% per annum, payable as accrued on repayment and/or conversion

· Repayment of the CLAs, in full or in part solely at Symphony's discretion



Sea Pearl is based in the Bahamas and is currently interested in 17.4% of Symphony's issued share capital. As Sea Pearl is a substantial shareholder, extension of the CLAs is deemed to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the board of directors of the Company consider, having consulted with the Company's nominated adviser, that the extension of the CLAs is fair and reasonable insofar as the Company's shareholders are concerned.
Posted at 13/3/2024 17:09 by swiss paul
Yet more guff being pumped out - nothing about turnover or any moolah.

Symphony Environmental Technologies Plc (AIM: SYM), the global specialist that makes plastic products smarter, safer and more sustainable, wishes to highlight the important 2021 report from the US Environmental Protection Agency ("EPA") confirming that pro-oxidant masterbatches "could significantly reduce the persistence of plastic pollution without creating undesired by-products." See hxxps://cfpub.epa.gov/si/si_public_record_Report.cfm?dirEntryId=353810&Lab=CESER (the "EPA Report")

Unlike other government reports that can be more akin to literature reviews, such as the EU reports, the EPA reported on their own scientific evaluation by "Accelerating Polymer Degradation using Pro-oxidants." The EPA Report notes: "Single use plastics that are commonly used for packaging and service-ware, such as bottles, bags, straws, and wrappers result in land and marine pollution as they break down into microplastics. Blending plastics with pro-oxidants could be a promising solution, as they accelerate photo-oxidation to obtain degradable materials whose final ecological and physical footprint are much smaller."

Ho Ho Ho - Could! FFS
could significantly reduce the persistence of plastic pollution without creating undesired by-products
Posted at 23/2/2024 17:01 by robertnash2
Despite all the upbeat scenarios the share price is saying a lot...any comments?
Posted at 28/12/2023 09:35 by swiss paul
Well get this Nasher. Prime example of goalp[ost being moved:
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.

do you think it is fair & reasonable?
Posted at 27/12/2023 18:40 by robertnash2
As the year end approaches I am sure the Board must be congratulated on the share price at the end of December 2022 it was 11.125p at the moment it is 3.75p despite all the wonderful announcements.
Posted at 18/10/2023 19:15 by swiss paul
Hmm things are getting bad again - but ...... ta da. A rescue group has been formed and funded.
Mrs Lauriers winter coat fund has been secured - hoooray.

We can all rest in our beds tonight knowing our glorious leaders spouse will not be cold this winter.

All Hail - Sea Pearl

£1.0 million Convertible Loan Agreement

Symphony Environmental Technologies Plc (AIM: SYM), global specialists in technologies that make plastic products "smarter, safer and sustainable", is pleased to announce it has entered into an additional convertible loan agreement ("Loan") with Sea Pearl Ventures Limited ("Sea Pearl").

Key terms of the Loan, are similar to the previous £1.0 million convertible loan announced on 13 March 2023, namely:

· Loan principal: £1.0 million (unsecured) to be drawn down as to £500,000 immediately and £500,000 on or before 31 March 2024

· If not repaid on or before 30 September 2024, conversion on that date

· Conversion price: 80% of the volume-weighted average share price for the 3 months prior to 30 September 2024

· Interest: 7% per annum, payable as accrued on repayment and/or conversion

· Repayment of the Loan, in full or in part solely at Symphony's discretion


The proceeds of the Loan will be used to strengthen the Group's cash position for ongoing working capital purposes and will further support the Group to deliver on its many commercial opportunities.

Also, the current £1.0 million convertible loan, announced on 13 March 2023, has been amended so that the term of that previous loan is now co-terminus with the new Loan, terminating on 30 September 2024.

Sea Pearl is based in the Bahamas, and is currently interested in 17.4% of Symphony's issued share capital. Accordingly, Sea Pearl is considered a substantial shareholder under the AIM Rules and provision of the Loan being a related party transaction. The board of directors of the Company consider, having consulted with the Company's nominated adviser, that the terms of the Loan are fair and reasonable insofar as the Company's shareholders are concerned.


Hmmm - strange that I don't remember agreeing to this being 'fair & reasonable'. Anyone else get tapped up?
Posted at 15/7/2023 12:10 by z1co
9 March 2023

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

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

USA d2w market update -

Better Earth signs exclusive supply agreement with TricorBraun

Symphony Environmental Technologies Plc (AIM:SYM), the global specialist in technologies that make plastic and rubber products smarter, safer and more sustainable, is delighted to announce that its USA distributor of d2w biodegradable plastics technology for nutritional supplement bottles, Better Earth LLC ("Better Earth") has signed an exclusive supply agreement with TricorBraun for its BioBottles(TM) brand of polyethylene bottles for the nutraceutical industry (the "Agreement").

TricorBraun is a global packaging company, and North America's largest distributor of primary packaging. It operates from more than 100 locations across the Americas, Europe, Asia, and Australia. TricorBraun sold over 8 billion containers in 2022 and is working jointly with Better Earth, supporting its exclusive Agreement with a sales and marketing campaign in the US and Canada.

See

Symphony entered into a two year exclusive USA-focused, d2w supply contract with Better Earth in February 2022. Better Earth subsequently launched its nutritional supplement bottles, caps, and scoops using Symphony ' s d2w biodegradable technology under Better Earth ' s BioBottles(TM) brand "Plastic IQ(TM) Technology". In November 2022, Symphony and Better Earth entered into a supplementary d2w supply contract extending the product scope to nutraceutical products, and expanding authorised geographies to include Canada.

Michael Laurier, CEO of Symphony, said:

"I am delighted to report that sales of d2w to our strategic partner Better Earth are expected to increase significantly in 2023 and beyond. Working with partners such as Better Earth and - by extension - with global packaging leader TricorBraun - Symphony is well placed to capture a share of the US and Canadian bottle markets, with additional verticals in the bottle market still available to target."

"More generally, partnerships such as these speak to an increased awareness in key markets of the efficacy of our d2w biodegradable technology. "

The owners of Better Earth, Adam Ackerman and James Van Brocklin, said:

" Our mission is to develop technologies that turn ordinary plastic products into earth-friendly materials at the end of their useful lives and we plan on doing this one product at a time. That ' s why we are delighted to be growing our commercial relationship with Symphony. By incorporating Symphony ' s d2w biodegradable technology in our BioBottles(TM) we are able to deliver positive change in the bottling industry and look forward to delivering sustainable bottling solutions for our key customers such as TricorBraun."

Rosalynd Resendiz, Vice President, Supply Chain, TricorBraun said:

"We are focused on offering sustainable packaging options for our customers-solutions that help protect both our customers' products and the planet. We are pleased to partner with Better Earth and Symphony to deliver a sustainable yet cost-effective solution."
Posted at 19/11/2021 14:06 by swiss paul
MAJOR EXPANSION INTO INDIA


INDIA Here we come.
Symphony Environmental Technologies Plc (AIM:SYM) global specialists in technologies that make plastic and rubber products "smarter, safer and more sustainable" is delighted to announce a strategic alliance with a team of specialised and experienced people in India who understand the culture and business requirements of a country with 17.7% of the world's population.

Symphony Environmental Limited ("Symphony UK") a wholly owned subsidiary of the Company, has therefore entered into an agreement to form a joint venture ("JV") company in India with Indorama India Private Limited ("Indorama"), a wholly owned subsidiary of Indorama Corporation Pte. Ltd., ("Indorama Corporation"). The JV company, called Symphony Environmental India Pvt Ltd ("Symphony India"), will have an initial share capital, the equivalent in Indian currency, of GBP 100,000. The shares of Symphony India will be held 46.5% by Symphony UK, 46.5% by Indorama and 7% by Mr. Arjun Aggarwal, an Indian citizen, who has been appointed Managing Director of Symphony India.

Mr Aggarwal is one of India's prominent young entrepreneurs, who has introduced a portfolio of modern technologies that are in line with the aspirations of India's young demographic profile.

Symphony UK has awarded Symphony India an exclusive Distribution Agreement to market and sell Symphony's d2w and d2p masterbatches in India. Symphony India will also be promoting the importance of Symphony's scientifically-proven d2w technology to protect the environment, and its d2p technologies to protect human health. The parties are already preparing an active programme of media communications and direct selling.

The use of plastic in India is increasing because it is the lowest cost option, and is by far the best material for protecting food and water from contamination and preventing food waste and disease. However, India also has an environmental problem in common with most of the world with plastic pollution. Trying to ban plastic is not the answer, but using d2w technology could effectively and significantly reduce the issue of plastic pollution without job losses, factory closures or increases in Co2 emissions. In future, if d2w enhanced plastic does escape into the environment the plastic will safely biodegrade instead of lying or floating around for decades and creating microplastics.

The products sold by Symphony India will be produced mainly in India, under licence from Symphony UK, as this will be both cost-effective and environmentally-friendly. The parties have negotiated a Manufacturing and Product Development Agreement with the Bihani Manufacturing Company Ltd., ("Bihani") in New Delhi, who have been supplying Symphony UK for nearly ten years. Their manufacturing facilities have been and will continue to be audited by Symphony's Technical Dept.
Michael Laurier, CEO of Symphony said: "For the Group to expand successfully in India it was essential for us to form an alliance with a strong Indian partner. We have no doubt that Indorama is the right partner, as it is a substantial company well respected in India, with the right commercial credentials. This is an expansion of our current activities in India and we consider the Indian market to be ripe for significant sales growth."

Amit Lohia, Group Vice Chairman of Indorama Corporation, said: "Protection of the natural environment, and the health and safety of the people are very important objectives in India today, and Symphony's technologies will help to address those objectives."

Arjun Aggarwal, MD of Symphony India said: "The formation of a Joint Venture company in India is an important milestone for both Symphony and Indorama. It will lay the foundation of a truly Swachh Bharat (clean India), the vision of our Prime Minister Narendra Modi. Plastic biodegrading automatically will ensure that our planet's newest continent - plastic waste - does not grow any further."

Jaideep Bihani, Director of Bihani said: "Innovation and sustainability have always been an integral part of Symphony's portfolio, and Symphony's tried and tested d2w products resonate with the Indian Government's vision, initiatives and policies. At the same time, d2p masterbatch technology will change product conception and design in agriculture, food packaging, healthcare, and many other applications. We will be working closely with Symphony India to ensure efficiency and maintaining the high standards of quality set by Symphony UK."
Symphony Environmental T... share price data is direct from the London Stock Exchange

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