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SYM Symphony Environmental Technologies Plc

3.15
0.00 (0.00%)
13 Dec 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% 3.15 220,669 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.00 3.30 3.15 3.15 3.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 6.35M -2.18M -0.0097 -3.25 7.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:39:59 O 7,827 3.00 GBX

Symphony Environmental T... (SYM) Latest News

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

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

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

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Posted at 14/12/2024 08:20 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 3.15p.
Symphony Environmental T... currently has 225,100,000 shares in issue. The market capitalisation of Symphony Environmental T... is £7,090,650.
Symphony Environmental T... has a price to earnings ratio (PE ratio) of -3.25.
This morning SYM shares opened at 3.15p
Posted at 05/12/2024 11:02 by bad gateway
10p option price seems a little ambitious. These workstreams must be very value enhancing?
Posted at 05/12/2024 10:04 by swiss paul
ah Nasher I must have been sleeping on this - erm could we call it a deal?

Symphony Environmental Technologies Plc (AIM: SYM), the global specialist that makes plastic products smarter, safer and sustainable, announces that it has granted options over 1,000,000 ordinary 1p shares in the Company (the "Options") to a UK based company that specialises in making introductions into, and developing operational arrangements in the Middle East. The Options are being issued in lieu of cash.
The Options vest only upon certain workstreams having been completed by the option holder, have an exercise price of 10p each and are valid until 31 December 2025. Following grant of the Options, the total number of options in issue by the Company is 171,141,500 representing approximately 7.6% of total issued share capital.

I wonder wwhetehr its a related party? As surely they would have to put that in the RNS.
But
The could have sold one of Mrs Lauriers many coats to pay for it.
Posted at 26/8/2024 20:15 by robertnash2
Notice of results: the share price goes up??? Quite incredible
Posted at 23/8/2024 21:04 by swiss paul
Roll up, roll up - for one day only the chuckle brothers are extending their run

Symphony Environmental Technologies Plc (AIM: SYM), the global specialist that makes plastic products smarter, safer and sustainable, announces that it will release its results for the six months ended 30 June 2024 ("2024 Interim Results") on 9 September 2024.

In addition, Michael Laurier (CEO) and Ian Bristow (CFO) will provide a live presentation relating to the 2024 Interim Results via Investor Meet Company on 9 September 2024 at 11:00 BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 8 September 2024, 09:00 BST, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC via:

hxxps://www.investormeetcompany.com/symphony-environmental-technologies-plc/register-investor

Investors who already follow SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC on the Investor Meet Company platform will automatically be invited.

So lets get those questions rolling in.
Mine - Does Mrs Laurier need a new fur coat every year?
Posted at 05/4/2024 15:21 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 19:58 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 18/10/2023 18:15 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 11:10 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

Symphony Environmental T... Frequently Asked Questions (FAQ)

What is the current Symphony Environmental T... share price?
The current share price of Symphony Environmental T... is 3.15p.
How many Symphony Environmental T... shares are in issue?
Symphony Environmental T... has 225,100,000 shares in issue.
What is the market cap of Symphony Environmental T...?
The market capitalisation of Symphony Environmental T... is GBP 7.09 M.
What is the 1 year trading range for Symphony Environmental T... share price?
Symphony Environmental T... has traded in the range of 2.10p to 7.50p during the past year.
What is the PE ratio of Symphony Environmental T...?
The price to earnings ratio of Symphony Environmental T... is -3.25.
What is the cash to sales ratio of Symphony Environmental T...?
The cash to sales ratio of Symphony Environmental T... is 1.12.
What is the reporting currency for Symphony Environmental T...?
Symphony Environmental T... reports financial results in GBP.
What is the latest annual turnover for Symphony Environmental T...?
The latest annual turnover of Symphony Environmental T... is GBP 6.35M.
What is the latest annual profit for Symphony Environmental T...?
The latest annual profit of Symphony Environmental T... is GBP -2.18M.
What is the registered address of Symphony Environmental T...?
The registered address for Symphony Environmental T... is 6 ELSTREE GATE, ELSTREE WAY, BOREHAMWOOD, HERTFORDSHIRE, WD6 1JD.
What is the Symphony Environmental T... website address?
The website address for Symphony Environmental T... is www.symphonyenvironmental.com.
Which industry sector does Symphony Environmental T... operate in?
Symphony Environmental T... operates in the PLASTICS sector.

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