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Change of Equity Subscriber

5th Jun 2025 07:00

RNS Number : 4942L
Symphony Environmental Tech. PLC
05 June 2025
 

5 June 2025

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony", the "Group" or the "Company")

Change of Equity Subscriber

Symphony Environmental Technologies Plc (AIM: SYM), the global specialist that makes plastic and rubber products "smarter, safer and sustainable" announces that the terms of the original subscription announced on 8 May 2025 for 12,500,000 new ordinary shares of nominal value 1 pence each in the Company ("Ordinary Shares") by Quantum Leap Capital ("Quantum") have been amended.

The subscription was split across two tranches:

- Tranche A was for 1,250,000 new Ordinary Shares at 20 pence per share. This has completed and raised £250,000.

- Tranche B was for 11,250,000 new Ordinary Shares at 20 pence per share raising £2.25 million. The subscriber has been changed from Quantum to Quantum Leap 1.1.1 Fund LP ("Q111Fund"). Further details are provided below.

All other material terms remain unchanged. Tranche B Ordinary Shares, as before, are expected to be admitted to trading on AIM on or around 9 June 2025 ("Admission"). Following Admission Q111Fund will hold 4.7 per cent. of the enlarged issued share capital of the Company.

Total Voting Rights

The total issued share capital of the Company is currently 226,349,120 Ordinary Shares.

The Company does not hold any shares in Treasury. Therefore, following Admission, the total issued share capital and total voting rights of the Company will be 237,599,120 Ordinary Shares.

The above figures may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules up until Second Admission.

Michael Laurier, CEO of Symphony said, "I am very pleased to welcome Quantum Leap 1.1.1 Fund as a significant shareholder in the Group. This investment strengthens Symphony's balance sheet whilst we are working to complete the Group's many exciting opportunities."

About Q111Fund

Quantum Leap 1.1.1 Fund LP is established in Delaware, USA to invest for growth in accordance with the rules of the US Securities & Exchange Commission (SEC), the US Investment Advisors Act of 1940, and the US Investment Company Act of 1940. The fund is managed by Quantum Leap Capital, LLC, an SEC registered investment advisor in the USA.

Enquiries:

Symphony Environmental Technologies Plc

Michael Laurier, CEO

Ian Bristow, CFO

www.symphonyenvironmental.com

Tel: +44 (0) 208 207 5900

Zeus Capital Limited (Nominated Adviser and Broker)

David Foreman, Alexandra Campbell-Harris (Investment Banking)

Tel: +44 (0) 203 829 5000

The person responsible for arranging the release of this information is Michael Laurier, CEO of the Company.

NOTES TO EDITORS:

About Symphony Environmental Technologies plc

https://www.symphonyenvironmental.com

Symphony has a diverse and growing customer-base and has established itself as an international business with over 70 distributors around the world. Products made with Symphony's plastic technologies are now available in nearly 100 countries and in many different product applications. Symphony itself is accredited to ISO9001 and ISO14001.

Symphony is a founder-member of The BPA (www.biodeg.org) and participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).

Further information on the Group can be found at https://www.symphonyenvironmental.com and X @SymphonyEnv. See also Symphony on Instagram.

D2W TECHNOLOGY

Symphony has developed over 25 years a biodegradable plastic technology which addresses the problem of persistent microplastics, by turning ordinary plastic at the end of its service-life into a waxy substance which is biodegradable. It is then no longer a plastic and can be bioassimilated in the open environment in a similar way to a leaf without leaving microplastics behind. The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products around the world, much of which has been recycled. In some countries, this type of plastic is mandatory for short-life plastic products.

D2P TECHNOLOGY

Symphony has also developed practical and cost-effective ways to upgrade plastic products to provide protection against bacteria, viruses, fungi, insects, odours and fire. See www.d2p.net.

NbR TECHNOLOGY

NbR is made with natural minerals to reduce the amount of fossil-derived polyethylene or polypropylene used for making plastic products. The products can be recycled, but will biodegrade safely without leaving microplastics if they escape recycling and end up as litter in the open environment.

When NbR is used instead of normal polythene or polypropylene, it will reduce the amount of fossil-derived plastic in the product by 20%, as well as cutting CO2 emissions.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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