Symphony Environmental T... Share Discussion Threads

[swiss paul] 14/3/2024 17:00

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.

[swiss paul] 13/3/2024 17:09

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

[freddie01] 13/3/2024 12:04

Are paper wine bottles the future? These companies think so.

[swiss paul] 12/3/2024 20:31

AND STILL THE DOWNWARD DRIFT CONTINUES

[pugugly] 23/2/2024 18:14

Let the trend be your friend - Until it changes.

[robertnash2] 23/2/2024 17:01

Despite all the upbeat scenarios the share price is saying a lot...any comments?

[robertnash2] 15/2/2024 15:00

All very quiet on the western front! It would be interesting to know how d2w sales have gone since the court decision?

[robertnash2] 31/1/2024 14:15

Interesting the RNS states the decision refers only to D2W which having checked year end accounts 2021 sales were £7.19m and 2022 £4.77m revenues were £9.16m and £6.15m which is a large chunk of sales.

[smithie6] 31/1/2024 12:12

Quite a decline, this was 28p not so long ago !

[smithie6] 31/1/2024 12:11

...that post will have cheered them up no end !

;-)

[glavey] 31/1/2024 11:32

Sounds like some have known all along that they shouldn't be invested here..., but they are..., still.

[smithie6] 31/1/2024 10:13

Oops,my mistake...yes, 08:57 not 09:57.

[babbler] 31/1/2024 10:11

0857 and delayed pre news.

[smithie6] 31/1/2024 10:06

2 interesting trades at 09:57

[robertnash2] 31/1/2024 10:01

Maybe the market is corrupt Babbler but more to the point there should now be some Board changes without delay imho

[babbler] 31/1/2024 09:59

And now they are posting lots of delayed sells once the news is out. Market is corrupt

[colliera] 31/1/2024 09:56

I was sat like a muppet waiting from 9.25 on the EU streaming page as my investment tanks and the news is out elsewhere

[babbler] 31/1/2024 09:54

Oversold though? 3.5 was nice....

[babbler] 31/1/2024 09:25

https://agenparl.eu/2024/01/31/press-release-23-24-judgment-of-the-general-court-in-case-t-745-20-symphony-environmental-technologies-and-symphony-environmental-v-parliament-and-others/

[gripfit] 31/1/2024 09:15

Has the news leaked?