American Depository Receipt

RNS Number : 2093V

Symphony Environmental Tech. PLC

23 May 2008

 



SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

American Depository Receipt (''ADR'')

Symphony Environmental Technologies Plc ('Symphony' 'Company' or 'the Group'), the degradable plastics and waste-to-energy Group, announces that pursuant to an exemption under U.S. Securities and Exchange Commission Rule 12g3-2(b) it has established an American Depository Receipt ('ADR') programme for investors based in the United States. The Company has appointed The Bank of New York Mellon as the depository bank for the ADRs which will trade on the Pink Sheets of the US over-the-counter ('OTC') market.

The ADRs are expected to be available on 28 May 2008 under the trading symbol 'SETPY'. 

Under the ADR programme, Symphony's shares will be traded in the United States of America through The Bank of New York Mellon's ADR trading facility.

Michael Laurier, CEO said, ' The introduction of Symphony's ADR program through the Bank of New York Mellon will enable potential North American investors easier access to the Company's shares in their own time zone and currency. 

Additionally the wider US awareness of Symphony in one of the World's largest markets fits into our global strategy and in particular the USA.'

For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
HB Corporate
Rod Venables	Tel: [phone]
Bank of New York Mellon
Robert Secoy	Tel: [phone]

Further information on the Symphony Environmental Technologies Group of companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in oxo-biodegradable plastic technology. The technology is recognised by the d2w® droplet logo on thousands of tonnes of oxo-biodegradable plastic products.  In the last 12 months more than 5 Billion plastic products have been made with Symphony's d2w® pro-degradant additives.

Symphony has a diverse and growing customer base and has successfully established itself as an international business. Its d2w® products can already be found in more than 60 countries. Symphony is proud to be a member of the Oxo-biodegradable Plastics Association (www.biodeg.org).

Symphony is also developing innovative waste-to-energy technology and is developing cost-effective processes to convert plastics, tyres and other waste streams into valuable products.  

Further information on the Symphony Group can be found at www.degradable.net

Further information on Bank of New York Mellon:

Bank of New York Mellon's Depositary Receipt business is conducted through The Bank of New York subsidiary, which acts as depositary for more than 1,300 American and Global depositary receipt programs, acting in partnership with leading companies from 62 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.adrbny.com.

 

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