Director/PDMR Shareholdings - Option amendments

RNS Number : 5376E

Symphony Environmental Tech. PLC

28 October 2022

 

 

28 October 2022

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. 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 - Option amendments

Symphony Environmental Technologies Plc (AIM: SYM), global specialists in products and technologies that "make plastic and rubber products smarter, safer and more sustainable", announces a limited extension to the exercise period of options held by the directors of the Company (the "Directors") and certain other option holders.

The Company had previously granted options to purchase 12,691,500 ordinary shares of 1p each in the Company (the "Options") of which 10,941,500 were to certain directors of the Company. The Options were due to expire on 31 December 2022 and 6 April 2023 but have been extended for practical reasons to 31 December 2023 ("Option Extension").

The extension of the Options granted to Directors is considered a related party transaction pursuant to the AIM rules for companies. Accordingly, the Directors consider, having consulted with the Company's nominated adviser, that the Option Extension is fair and reasonable insofar as the Company's shareholders are concerned.

See PDMR disclosure tables below for further information. All other terms of the Options remain the same.

Enquiries

Symphony Environmental Technologies Plc
Michael Laurier, CEO	[phone]
Ian Bristow, CFO
www.symphonyenvironmental.com
Zeus (Nominated Adviser and Joint Broker)
David Foreman / Kieran Russell (Investment Banking)	[phone]
Dominic King / Victoria Ayton (Corporate Broking)	[phone]
Hybridan LLP (Joint Broker) Claire Louise Noyce	[phone]
Houston (Financial Public Relations) Kay Larsen / Joe Burgess	[phone]

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/ Amendment	Initial Notification
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 the financial instrument, type of instrument Identification Code	Options over Ordinary Shares of 1p each ISIN: GB0009589168
b.	Nature of the transaction	Extension of option exercise period from 31 December 2022 to 31 December 2023
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a n/a	1,851,500 350,000
d.	Aggregated information - Aggregated Volume - Price	Volume: 2,201,500 Price:  n/a
e.	Date of the transaction	27 October 2022
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/ Amendment	Initial Notification
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 the financial instrument, type of instrument Identification Code	Options over Ordinary Shares of 1p each ISIN: GB0009589168
b.	Nature of the transaction	Extension of option exercise period from 31 December 2022 to 31 December 2023
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a n/a	3,000,000 280,000
d.	Aggregated information - Aggregated Volume - Price	Volume: 3,280,000 Price:  n/a
e.	Date of the transaction	27 October 2022
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/ Amendment	Initial Notification
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 the financial instrument, type of instrument Identification Code	Options over Ordinary Shares of 1p each ISIN: GB0009589168
b.	Nature of the transaction	Extension of option exercise period from 31 December 2022 to 31 December 2023
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a n/a	2,000,000 210,000
d.	Aggregated information - Aggregated Volume - Price	Volume: 2,210,000 Price:  n/a
e.	Date of the transaction	27 October 2022
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/ Amendment	Initial Notification
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 the financial instrument, type of instrument Identification Code	Options over Ordinary Shares of 1p each ISIN: GB0009589168
b.	Nature of the transaction	Extension of option exercise period from 31 December 2022 to 31 December 2023
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a n/a	500,000 250,000
d.	Aggregated information - Aggregated Volume - Price	Volume: 750,000 Price:  n/a
e.	Date of the transaction	27 October 2022
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	Shaun Robinson
2	Reason for notification
a.	Position/Status	PDMR Director of Symphony Environmental Technologies plc
b.	Initial notification/ Amendment	Initial Notification
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 the financial instrument, type of instrument Identification Code	Options over Ordinary Shares of 1p each ISIN: GB0009589168
b.	Nature of the transaction	Extension of option exercise period from 31 December 2022 to 31 December 2023
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	1,500,000
d.	Aggregated information - Aggregated Volume - Price	Volume: 1,500,000 Price:  n/a
e.	Date of the transaction	27 October 2022
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	Robert Wigley
2	Reason for notification
a.	Position/Status	PDMR Director of Symphony Environmental Technologies plc
b.	Initial notification/ Amendment	Initial Notification
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 the financial instrument, type of instrument Identification Code	Options over Ordinary Shares of 1p each ISIN: GB0009589168
b.	Nature of the transaction	Extension of option exercise period from 31 December 2022 to 31 December 2023 (for 250,000 options) and form 6 April 2023 to 31 December (for 750,000 options)
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a n/a	250,000 750,000
d.	Aggregated information - Aggregated Volume - Price	Volume: 1,000,000 Price:  n/a
e.	Date of the transaction	27 October 2022
f.	Place of the transaction	Outside of trading venue

 

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