Share Options

RNS Number : 6351J

Symphony Environmental Tech. PLC

01 April 2010

 



1^st April 2010

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Share Options

Symphony Environmental Technologies Plc ("Symphony", the "Company" or the "Group") announces that the Board, on the recommendation of the Remuneration Committee, granted on 31^st March 2010 share options to the Executive Directors of the Company in recognition of the results they have achieved in 2009.

A total of 1,050,000 options over the Company's ordinary 1p shares have been granted and allocated as to Michael Laurier 350,000; Ian Bristow 280,000; Michael Stephen 210,000; and Michael Stephens 210,000.

The options are exercisable for ten years at 9.125p per ordinary share being the mid market price on 31 March 2010.

Contacts:

Symphony Environmental Technologies plc
Michael Laurier, CEO Ian Bristow, FD	Tel: [phone]
Allenby Capital Limited
Nick Naylor/James Reeve	Tel: [phone]
Threadneedle Communications Graham Herring/Josh Royston	Tel: [phone]

Symbol London. SYM.L

American Depositary Receipts ("ADR")

Symphony ADRs trade in the US on the OTC (Over The Counter) market under the symbol SETPY. The ADR to 1p ordinary share ratio is 1:100 and the CUSIP is 87156K104.  BNY Mellon acts as sponsored depositary for Symphony's ADR facility.

Further information on the Symphony Environmental Technologies Group of companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC considers itself a world leader in Controlled-life plastic technology and products - a system that works by a process called oxo-biodegradation.  The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products. 

Symphony has a diverse and growing customer-base and has established itself successfully as an international business. Products made with d2w plastic technology can now be found in more than 90 countries around the world and in many different product applications.  Symphony is a member of the Oxo-biodegradable Plastics Association (www.biodeg.org), the Society for the Chemical Industry (UK), and the American Standards Organisation (ASTM).  Symphony is also a member of The US Save the Plastic Bag Coalition (http://www.savetheplasticbag.com/) and the British Brands Group. Symphony actively participates in the work of the British Standards Institute (BSI) and the European Standards Organisation (CEN).

Symphony also owns d2p which is an anti-microbial technology that is used in most type of plastic product applications to help protect those products against bacteria and fungi growth.  Symphony is also developing innovative and cost-effective waste-to-value technology to convert plastics, tyres and other waste-streams into valuable products.

Further information on the Symphony Group can be found at www.d2w.net.

 

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