TIDMSYM
RNS Number : 1189E
Symphony Environmental Tech. PLC
16 October 2018
16 October 2018
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
("Symphony", the "Company" or the "Group")
Director/PDMR Shareholdings - Extension of term of Options
Symphony Environmental Technologies Plc (AIM: SYM), a global
specialist in products and technologies that "make plastic and
rubber products smarter", announces amendments to long-term options
held by certain directors of the Company.
The Company had previously granted options ("Options") to
purchase 8,901,500 ordinary shares of 1p each in the Company
("Ordinary Shares") which are due to expire in 2018. Certain
directors of the Company ("Option Directors") hold 8,851,500 of
these Options (see PDMR disclosure tables for further information
below).
Robert Wigley and Shaun Robinson, being directors of the Company
who are not Option Directors, commissioned an independent
remuneration report on the impact of extending or not extending the
Options. The report concluded that it was in the best interests of
all shareholders that the exercise period of the Options be
extended. Consequently, Mr. Wigley and Mr. Robinson recommended to
the Board, who agreed, that the expiry dates of the Options be
extended by 12 months for all except one, which will be extended by
approximately 13 months in order to make the Option periods
co-terminus. All other terms of the Options remain the same.
Enquiries
Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: +44 (0) 20 8207 5900
Ian Bristow, CFO www.symphonyenvironmental.com
Cantor Fitzgerald Europe (Nominated Adviser and Broker)
David Foreman, Richard Salmond, Michael Boot (Corporate Finance)
Tel: +44 (0) 20 7894 7000
Caspar Shand Kydd (Sales)
FTI Consulting (Financial PR)
Daniel Hamilton Tel: +44 (0) 7813 456720
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 Laurier
---------------------------------------------------------
2 Reason for notification
------------------------------------------ ---------------------------------------------------------
a. Position/Status PDMR
Director of 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 of Options over Ordinary Shares of 1p each
the financial
instrument, type
of instrument ISIN: GB0009589168
Identification
Code
------------------------------------------ ---------------------------------------------------------
b. Nature of the Extension of option exercise period to 26
transaction November 2019
------------------------------------------ ---------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------ --------------------------
n/a 1,851,500
---------------------------------------------------------------------------- ------------------------
d. Aggregated information
- Aggregated Volume Volume: 1,851,500
- Price Price: n/a
------------------------------------------ ---------------------------------------------------------
e. Date of the transaction 2018-10-15
------------------------------------------ ---------------------------------------------------------
f. Place of the transaction Outside of trading venue
------------------------------------------ ---------------------------------------------------------
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 Nirj Deva
---------------------------------------------------------
2 Reason for notification
------------------------------------------ ---------------------------------------------------------
a. Position/Status PDMR
Director of 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 of Options over Ordinary Shares of 1p each
the financial
instrument, type
of instrument ISIN: GB0009589168
Identification
Code
------------------------------------------ ---------------------------------------------------------
b. Nature of the Extension of option exercise period to 26
transaction November 2019
------------------------------------------ ---------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------ --------------------------
n/a 1,500,000
---------------------------------------------------------------------------- ------------------------
d. Aggregated information
- Aggregated Volume Volume: 1,500,000
- Price Price: n/a
------------------------------------------ ---------------------------------------------------------
e. Date of the transaction 2018-10-15
------------------------------------------ ---------------------------------------------------------
f. Place of the transaction Outside of trading venue
------------------------------------------ ---------------------------------------------------------
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 Ian Bristow
---------------------------------------------------------
2 Reason for notification
------------------------------------------ ---------------------------------------------------------
a. Position/Status PDMR
Director of 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 of Options over Ordinary Shares of 1p each
the financial
instrument, type
of instrument ISIN: GB0009589168
Identification
Code
------------------------------------------ ---------------------------------------------------------
b. Nature of the Extension of option exercise period to 26
transaction November 2019
------------------------------------------ ---------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------ --------------------------
n/a 3,000,000
---------------------------------------------------------------------------- ------------------------
d. Aggregated information
- Aggregated Volume Volume: 3,000,000
- Price Price: n/a
------------------------------------------ ---------------------------------------------------------
e. Date of the transaction 2018-10-15
------------------------------------------ ---------------------------------------------------------
f. Place of the transaction Outside of trading venue
------------------------------------------ ---------------------------------------------------------
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
Director of 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 of Options over Ordinary Shares of 1p each
the financial
instrument, type
of instrument ISIN: GB0009589168
Identification
Code
------------------------------------------ ---------------------------------------------------------
b. Nature of the Extension of option exercise period to 26
transaction November 2019
------------------------------------------ ---------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------ --------------------------
n/a 2,000,000
---------------------------------------------------------------------------- ------------------------
d. Aggregated information
- Aggregated Volume Volume: 2,000,000
- Price Price: n/a
------------------------------------------ ---------------------------------------------------------
e. Date of the transaction 2018-10-15
------------------------------------------ ---------------------------------------------------------
f. Place of the transaction Outside of trading venue
------------------------------------------ ---------------------------------------------------------
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 Nicolas Clavel
---------------------------------------------------------
2 Reason for notification
------------------------------------------ ---------------------------------------------------------
a. Position/Status PDMR
Director of 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 of Options over Ordinary Shares of 1p each
the financial
instrument, type
of instrument ISIN: GB0009589168
Identification
Code
------------------------------------------ ---------------------------------------------------------
b. Nature of the Extension of option exercise period to 26
transaction November 2019
------------------------------------------ ---------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------ --------------------------
n/a 500,000
---------------------------------------------------------------------------- ------------------------
d. Aggregated information
- Aggregated Volume Volume: 500,000
- Price Price: n/a
------------------------------------------ ---------------------------------------------------------
e. Date of the transaction 2018-10-15
------------------------------------------ ---------------------------------------------------------
f. Place of the transaction Outside of trading venue
------------------------------------------ ---------------------------------------------------------
NOTES TO EDITORS:
About Symphony Environmental Technologies plc
Symphony has developed and continues to develop, controlled-life
plastic technology which helps tackle the problem of microplastics
by turning ordinary plastic at the end of its service-life into
biodegradable materials. It is then no longer a plastic and can be
bioassimilated in the open environment. The technology is branded
d2w(R) and appears as a droplet logo on many thousands of tonnes of
plastic packaging and other plastic products around the world. In
some countries, most recently Saudi Arabia, oxo-biodegradable
plastic is mandatory.
In addition, Symphony has developed a range of additives,
concentrates and master-batches marketed under its d2p(R) brand,
which can be incorporated in a wide variety of plastic and
non-plastic products so as to give them protection against many
different types of bacteria, fungi, algae, moulds, and insects, and
against fire. d2p products also include odour, moisture and
ethylene adsorbers as well as other types of food-preserving
technologies. We have also launched d2p anti-microbial household
gloves and are developing a range of other d2p finished products
for retail sale.
Symphony has also developed the d2Detector(R), a portable device
which analyses plastics and detects counterfeit products. This is
useful to government officials tasked with enforcing legislation,
and Symphony's d2t tagging and tracer technology is available for
further security.
Symphony has a diverse and growing customer-base and has
established itself as an international business with 74
distributors around the world. Products made with Symphony's
plastic technologies are now available in nearly 100 countries and
in many different product applications. Symphony itself is
accredited to ISO9001 and ISO14001.
Symphony is a member of The Oxo-biodegradable Plastics
Association (www.biodeg.org) (OPA), the Society for the Chemical
Industry (UK), and the Pacific Basin Environmental Council.
Symphony is also a strategic partner of the Commonwealth business
initiative, and actively participates in the Committee work of the
British Standards Institute (BSI), the American Standards
Organisation (ASTM), the European Standards Organisation (CEN), and
the International Standards Organisation (ISO).
Further information on the Symphony Group can be found at
www.symphonyenvironmental.com and twitter @SymphonyEnv See also
Symphony on Instagram A Symphony App is available for downloading
to smartphones.
BBC World Service film introducing d2w oxo-biodegradable
(controlled-life) plastic technology
From within the UK-
http://www.symphonyenvironmental.com/d2w/d2w-brochure-5/
From outside of the UK -
http://www.bbc.com/storyworks/the-british-bid/symphony
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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