Grant of share options

RNS Number : 3717S

Symphony Environmental Tech. PLC

08 September 2010

 



 8 September 2010

    SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Grant of Staff and Distributors Options

Symphony Environmental Technologies Plc ("Symphony" or the "Company"), the environmental plastics and waste-to-value Group, announces that on 7 September 2010, it granted to staff, excluding directors, 2,825,000 ordinary 1p share options under the Company's approved share options scheme ("Approved Options").

The Approved Options may not be exercised for two years following which they may be exercised for a period of eight years. The Approved Options have an exercise price of 12p per ordinary share (being the mid-market price on 7 September 2010) and may only be exercised provided that the grantee remains an employee at date of exercise.

In addition, the Company has granted 600,000 ordinary 1p share options to a number of its distributors ("Distributor Options") as a performance and loyalty incentive.

The Distributor Options may not be exercised for one year following which they may be exercised for a period of four years. The Distributor Options have an exercise price of 12p per ordinary share and may only be exercised provided that the grantee remains a distributor of the Company at date of exercise.

For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Allenby Capital
Nick Naylor/Alex Price	Tel: [phone]
Bishopsgate Communications Nick Rome	Tel: [phone]

 

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