New consultancy agreement and grant of options
Symphony Environmental Technologies Plc has entered into a five-year consultancy and sales agreement with a Dominican Republic resident to act as its ambassador in the English Caribbean region. In lieu of cash, Symphony will grant the consultant options to acquire 200,000 ordinary shares at an exercise price of 20 pence, exercisable between January 2027 and January 2031. This grant brings the total outstanding options to 15,616,500, representing approximately 6.6% of the company's issued share capital.
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Symphony Environmental Technologies Plc (AIM: SYM), the global specialist that makes plastic products smarter, safer and sustainable, announces that it has entered into a 5 year consultancy and sales agreement with a resident of the Dominican Republic (the "Consultant") (the "Agreement"). The Agreement provides that the Consultant shall act as the Company's ambassador in the English Caribbean region, particularly in relation to commercial, Governmental and other relations work. The Agreement further provides that Symphony shall grant options over 200,000 ordinary shares of 1p each in the Company (the "Options") to the Consultant in lieu of cash remuneration.
The Options have an exercise price of 20 pence and are exercisable between 18 January 2027 to 17 January 2031. Following grant of the Options, the total number of options granted by the Company is 15,616,500 representing approximately 6.6% of Symphony's total issued share capital.
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