TIDMSYM
RNS Number : 0047J
Symphony Environmental Tech. PLC
11 August 2023
11 August 2023
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony," the "Company" or the "Group")
Directorate Change
Symphony Environmental Technologies Plc (AIM:SYM), the global
specialists in technologies that make plastic and rubber products
smarter, safer and more sustainable, announces that both Robert
("Bob") Wigley, Non-Executive Director and Alexander Brennan,
Executive Director, have resigned with immediate effect from the
Board of the Company in order to concentrate on other business
opportunities.
Following their resignations, the Board will comprise three
Executive Directors and one Non-Executive Director:
-- Nicholas Clavel, Non-Executive Director and Chairman
-- Michael Laurier, Chief Executive Officer
-- Ian Bristow, Chief Financial Officer
-- Michael Stephen, Executive Director and Deputy Chairman
Accordingly, and recognising QCA corporate governance
guidelines, the Company will conduct a search including engaging an
external search agency, to appoint two new independent
Non-Executive Directors.
Nicholas Clavel, Chairman of the Company, said:
"On behalf of the Board, I would like to thank both Alexander
and Bob for their contributions during their time with the Group
and in turn wish them the best in their other business
endeavours."
Enquiries
Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: +44 (0) 20 8207
5900
Ian Bristow, CFO
www.symphonyenvironmental.com
Zeus (Nominated Adviser and Joint Broker)
David Foreman / Kieran Russell (Investment Tel: +44 (0) 161 831
Banking) 1512
Dominic King / Victoria Ayton (Corporate Tel: +44 (0) 203 829
Broking) 5000
Hybridan LLP (Joint Broker)
Claire Louise Noyce Tel: +44 (0) 203 764
2341
NOTES TO EDITORS:
About Symphony Environmental Technologies plc
www.symphonyenvironmental.com
Symphony has developed a range of additives, concentrates and
master-batches marketed under its d(2) p(R) ("designed to protect")
trademark, which can be incorporated in a wide variety of plastic
and non-plastic products so as to provide protection against many
different types of bacteria, viruses, fungi, algae, moulds, and
insects, and against fire. d(2) p products also include odour,
moisture and ethylene adsorbers as well as other types of
food-preserving technologies. For an overview see www.d2p.net
Symphony has launched d(2) p anti-microbial household gloves and
toothbrushes and "Symfresh" food-packaging and is developing a
range of other d(2) p finished-products for retail sale.
Symphony has also developed 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 d(2) w(R) 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, most
recently Saudi Arabia, oxo-biodegradable plastic is mandatory for
short-life plastic products.
d(2) w technology was studied for three years in the Oxomar
project, sponsored by the French government, which concluded that
plastic made with Symphony's d(2) w oxo-biodegradable technology
will biodegrade in seawater significantly more efficiently than
conventional plastic. See
https://www.biodeg.org/subjects-of-interest/agriculture-and-horticulture/the-marine-environment/
Following this report, the scientists allowed bacteria commonly
found in the open environment access to d(2) w oxo-biodegradable
plastic containing Carbon 13. They found Carbon 13 in the carbon
dioxide exhaled by the bacteria, proving beyond doubt that the
plastic had been bioassimilated by the bacteria.
Symphony has complemented its d(2) w and d(2) p product ranges
with d(2) c "compostable resins and products" that have been tested
to US and EU composting standards and has invested in Eranova - a
French company extracting starch for making plastics, out of
algae.
Symphony has also developed the d(2) Detector(R), a portable
device which analyses plastics and detects counterfeit products.
This is useful for government officials tasked with enforcing
legislation, and Symphony's d(2) t tagging and tracer technology is
available for further security.
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 member of The BPA (www.biodeg.org) and 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 Group can be found at
www.symphonyenvironmental.com and twitter @SymphonyEnv See also
Symphony on Instagram. A Symphony App is available for downloading
to smartphones.
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 rns@lseg.com 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.
END
BOAGPUMARUPWGBU
(END) Dow Jones Newswires
August 11, 2023 02:00 ET (06:00 GMT)
Symphony Environmental T... (LSE:SYM)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Symphony Environmental T... (LSE:SYM)
Gráfica de Acción Histórica
De May 2023 a May 2024