Symphony Environmental Tech. PLC Exercise of options and PDMR dealing (2032T)

TIDMSYM

RNS Number : 2032T

Symphony Environmental Tech. PLC

18 March 2019

18 March 2019

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

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

(the "Company")

Exercise of Options/PDMR dealing

Symphony Environmental Technologies Plc announces that the Company has issued 225,000 new ordinary shares of 1p each in the Company ("Ordinary Shares"), pursuant to an exercise of share options granted on the 26 March 2009 under the Company's staff EMI scheme ("Option Shares"). Of these 225,000 Option Shares, 50,000 relate to a PDMR, with further details provided in the table below.

Application has been made for the Option Shares, (which will rank pari passu with the Company's existing Ordinary Shares in issue), to be admitted to trading on AIM and dealings are expected to commence on 22 March 2019 ("Admission").

Following Admission, the enlarged issued share capital of the Company will be 154,569,377 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.

This announcement has been released by Ian Bristow, Company Secretary, on behalf of the Company.

Enquiries

Symphony Environmental Technologies Plc

Michael Laurier, CEO Tel: [phone]

Ian Bristow, CFO

www.symphonyenvironmental.com

Cantor Fitzgerald Europe (Nominated Adviser and Broker)

David Foreman, Richard Salmond, Michael Boot Tel: [phone]

(Corporate Finance)

Caspar Shand Kydd, Gregor Paterson (Sales)

The notifications below have been submitted to the FCA:

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                                    Susan Kelly 
                                                ------------------------------------------------------- 
 2       Reason for notification 
        --------------------------------------  ------------------------------------------------------- 
 a.      Position/Status                         PDMR 
                                                  Group Financial Controller 
        --------------------------------------  ------------------------------------------------------- 
 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                                     2138001WEI2WG26TMH90 
        --------------------------------------  ------------------------------------------------------- 
 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                          Ordinary Shares of 1p each 
          the financial 
          instrument, type 
          of instrument                           ISIN: GB0009589168 
 
          Identification 
          Code 
        --------------------------------------  ------------------------------------------------------- 
 b.      Nature of the                           Exercise of share options to purchase 50,000 
          transaction                             new ordinary shares of 1p each in the Company 
        --------------------------------------  ------------------------------------------------------- 
 
 c.      Price(s) and volume(s)                   Price(s)                Volume(s) 
        --------------------------------------   ---------------------- 
    GBP0.02375                                                                  50,000 
   --------------------------------------------------------------------  -------------------------- 
 
 d.      Aggregated information                   Volume: 50,000 
          - Aggregated Volume                      Price: GBP1,187.50 
          - Price 
        --------------------------------------  ------------------------------------------------------- 
 e.      Date of the transaction                 2019-18-03 
        --------------------------------------  ------------------------------------------------------- 
 f.      Place of the transaction                Borehamwood, UK 
        --------------------------------------  ------------------------------------------------------- 
 
 

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March 18, 2019 11:18 ET (15:18 GMT)