Exercise of Staff Options and Issue of Equity

RNS Number : 2034J

Symphony Environmental Tech. PLC

02 August 2012

 



2 August 2012

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Exercise of Staff Options and Issue of Equity

Symphony Environmental Technologies Plc ("Symphony" or "Company") announces that on 1 August 2012, the Company received notice from a member of Symphony's staff to exercise options to purchase 150,000 new ordinary shares of 1p each in the Company (the "Option Shares").  The options were granted under the Company's staff EMI scheme in two tranches: 100,000 on 31 January 2008 with an exercise price of 2.75p per share, and 50,000 on 26 March 2009 with an exercise price of 2.375p per share.

Application will be 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 ("Admission"). It is expected that Admission will be effective and that dealings can commence on or around 9 August 2011.

Following Admission, the enlarged issued share capital of the Company will be 127,994,577 ordinary shares of 1p each. 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.

**ENDS**

 For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Seymour Pierce Limited Stewart Dickson / Freddy Crossley (Corporate Finance) Katie Ratner / Jacqui Briscoe(Corporate Broking)	Tel: [phone]

 

END

 

 

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