Source - RNS
RNS Number : 0269K
Symphony Environmental Tech. PLC
06 April 2018
 

 

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 inside information is considered to be in the public domain.

 

 

 

6 April 2018




SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony" or the "Company")

 

Directorate Change

 

Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in products and technologies that "make plastic smarter", is pleased to announce that Mr. Robert ("Bob") Wigley will join Symphony as a Non-Executive Director with immediate effect, having acted as an adviser to the Company over the last few years.

 

Bob is an experienced City professional having enjoyed a successful career in banking, latterly as Chairman of Merrill Lynch for Europe, the Middle East & Africa, and now works with several growth companies.  Bob is also Chairman of UK Finance, which represents nearly 300 of the leading firms providing finance, banking, markets and payments-related services in or from the UK.

 

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.  Bob Wigley, aged 57 years, is or has been a director of the following companies or partnerships during the five years preceding the date of this announcement:

 

Current directorships or partnerships

 

Past directorships or partnerships

Newta Limited

Ellestone Apparel LLP

NordEngine Capital Limited

Expansys Limited

Vesta Global Holdings Limited

Yellow Pages Limited

Loyalty Angels Limited

NetOTC Holdings Sarl

Margot Holdings Limited

Llamabrook Limited

Qatar Financial Centre Authority

Captive Minds Communications Group Limited

Chester Street Investments LLP

Stonehaven Associates LLP

Ellestone Partners LLP

Tantalum Corporation Limited

Minchin Hobart LLP

Altitude Medical Inc.

The Peter Jones Foundation

Hibu Plc

QC Ground Limited

Montagu House Limited

QC Holdings Limited

Stonehaven Advisers LLP

The Queens Club Limited

Stonehaven Search Limited

Capital Structured Solutions No. 1 (Feeder) LLP

Monitane Holdings Limited

Justinvesting Limited

Netotc Services Limited

 

Mr Wigley was chairman of Yellow Pages Limited and of Hibu Plc when those companies entered into administration on 28 February 2014 and 27 November 2013 respectively as part of the consensual restructuring of that group of companies.

 

Mr Wigley was a director of Justinvesting Limited when the company entered into a credit voluntary liquidation on 11 November 2016 and will remain a director until the company is formally dissolved, expected 28 April 2018.

 

Mr Wigley is beneficially interested in 200,000 ordinary shares of 1p each in the Company ("Ordinary Shares").  In addition, Bob has been granted options over 750,000 Ordinary Shares exercisable between one and five years from today's date at an exercise price of 20.25 pence per share.

 

Save as set out above there are no further disclosures pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

 

Nirj Deva MEP, DL, FRSA, Chairman of Symphony, said: "I am delighted to welcome Bob to the Board of Symphony.  He brings a wealth of experience from a distinguished career in investment banking, and from our previous working experience with Bob, are unequivocal in our belief that he will be a valuable source of guidance and that his skills and experience will complement the Board. This is a further step in the transformation of the Company from its development stage to achieving its full potential, and I think the strengthening of the board with a director of the calibre of Bob Wigley is a major endorsement for the company and its products."

 

Michael Laurier, Chief Executive of Symphony, said: "I echo the comments of Nirj and am delighted that Bob has accepted to join the Board of Symphony.   I was in New York with Bob earlier this week, whilst he was speaking at UN Headquarters to the Partnership Forum of the Economic and Social Council (ECOSOC) where he outlined the advantages of d2w oxo-biodegradable technology."

 

For further information, please contact:

Contacts

Symphony Environmental Technologies Plc


Michael Laurier, CEO

Tel: +44 (0) 20 8207 5900

Ian Bristow, CFO

www.symphonyenvironmental.com




Cantor Fitzgerald Europe


David Foreman, Richard Salmond (Corporate Finance)

Tel: +44 (0) 20 7894 7000

Alex Pollen (Sales)


 

Blytheweigh (Financial PR)                                                      Tel: +44 (0) 20 7138 3204

Tim Blythe

Nick Elwes

 

NOTES TO EDITORS:

 

About Symphony Environmental Technologies plc

 

Symphony has developed and continues to develop, controlled-life plastic technology which helps tackle the problem of microplastics by turning ordinary plastic at the end of its service-life into biodegradable materials. It is then no longer a plastic and can be bioassimilated in the open environment in the same way as a leaf. 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. In some countries oxo-biodegradable plastic is mandatory. 

 

To view a BBC World Service short film introducing d2w oxo-biodegradable (controlled-life) plastic technology please click on the following links: 

 

From within the UK- http://www.symphonyenvironmental.com/d2w/d2w-brochure-5/

From outside of the UK - http://www.bbc.com/storyworks/the-british-bid/symphony 

 

In addition, Symphony has developed a range of additives, concentrates and master-batches marketed under its d2p® brand, which can be incorporated in a wide variety of plastic and non-plastic products so as to give them protection against many different types of bacteria, fungi, algae, moulds, and insects, and against fire. d2p products also include odour, moisture and ethylene adsorbers as well as other types of food preserving technologies. We have also launched d2p anti-microbial household gloves and are developing a range of other d2p retail finished products.

 

Symphony has also developed the d2Detector®, a portable device which analyses plastics and detects counterfeit products. This is useful to government officials tasked with enforcing legislation.  Symphony's d2t tagging and tracer technology is also available for further security.

 

Symphony has a diverse and growing customer-base and has established itself as an international business with 74 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 is accredited to ISO9001 and ISO14001.

 

Symphony is a member of The Oxo-biodegradable Plastics Association (www.biodeg.org) (OPA), the Society for the Chemical Industry (UK), and the Pacific Basin Environmental Council. Symphony actively 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 Symphony Group can be found at www.symphonyenvironmental.com and twitter @SymphonyEnv

 

 

 


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