Options amendments
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Symphony Environmental Technologies Plc (AIM: SYM), global specialists in products and technologies that "make plastic and rubber products smarter, safer and more sustainable", announces an 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 10,191,500 ordinary shares of 1p each in the Company (the "Options") of which 8,441,500 were to certain directors of the Company. The exercise prices of the Options are 4.5 pence and 12.5 pence, so all the Options are below the prevailing price of the Company's ordinary shares. The Options were due to expire on 31 December 2023 but have been extended for practical reasons to 31 December 2024 ("Option Extension"). The Options represent 5.5% of the total issued share capital of the Company.
The extension of the Options granted to Directors is considered a related party transaction pursuant to the AIM rules for companies. Accordingly, the Directors except for the relevant director and the options awarded to him, 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.
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 |
| a. | Name | Symphony Environmental Technologies plc |
| b. | LEI | N/A |
| 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 2023 to 31 December 2024 |
| 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 |
| 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 |
| a. | Name | Symphony Environmental Technologies plc |
| b. | LEI | N/A |
| 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 2023 to 31 December 2024 |
| 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 |
| 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 |
| a. | Name | Symphony Environmental Technologies plc |
| b. | LEI | N/A |
| 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 2023 to 31 December 2024 |
| 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 |
| 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 |
| a. | Name | Symphony Environmental Technologies plc |
| b. | LEI | N/A |
| 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 2023 to 31 December 2024 |
| 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 |
| f. | Place of the transaction | Outside of trading venue |
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