Symphony Environmental Tech. PLC Exercise of warrants (9385Y)
September 15 2020 - 1:00AM
UK Regulatory
TIDMSYM
RNS Number : 9385Y
Symphony Environmental Tech. PLC
15 September 2020
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this information is considered to be in the public
domain
15 September 2020
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
Exercise of warrants
Symphony Environmental Technologies Plc ("Symphony" or
"Company") announces that the Company has received notice to
exercise warrants representing 5,000,000 new ordinary shares of 1p
each in the Company ("Ordinary Shares") by Vincel Investment
Holdings Limited ("Vincel"). The warrants were granted on 19 July
2020.
The new Ordinary Shares (which will rank pari passu with the
Company's existing Ordinary Shares in issue) will be issued and
allotted ("Allotment") on or around 21 September 2020. Upon
Allotment, Symphony will receive GBP1,000,000 cash proceeds.
Application will then be made for the new Ordinary Shares to be
admitted to trading on AIM ("Admission") which is expected to take
place at 8.00 a.m. on 24 September 2020.
Following Allotment, the enlarged issued share capital of the
Company will be 176,751,277 Ordinary Shares. 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.
Following Allotment, Vincel will be interested in 20,456,900
Ordinary Shares representing approximately 11.6% of the enlarged
issued share capital of the Company. Vincel is owned by Mrs Shruti
Lohia, daughter of Mr S P Lohia, who is the Chairman of Indorama
Corporation, Singapore.
Michael Laurier CEO said: "I am very pleased to see Vincel
exercise these warrants as further demonstration of their
confidence in Symphony and the value that our technologies can have
towards helping to improve health and the environment
everywhere."
Enquiries
Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: +44 (0) 20 8207 5900
Ian Bristow, CFO
www.symphonyenvironmental.com
Zeus Capital Limited (Nominated Adviser and Joint
Broker)
David Foreman / Nick Cowles / Kieran Russell (Corporate Tel: +44 (0) 161 831 1512
Finance)
Dominic King / Victoria Ayton (Sales) Tel: +44 (0) 203 829 5000
Hybridan LLP (Joint Broker)
Claire Louise Noyce Tel: +44 (0) 203 764 2341
The person responsible for arranging the release of this
information is Michael Laurier, CEO of the Company.
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END
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