Business
Issue of Equity & EGM Notice
Issue of Equity & EGM Notice.
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n Symphony Environmental Tech. PLC\n04 December 2007\n\n \n\n\n\n SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC\n\n Placing of 14 million Ordinary Shares to Ethical Fund - Hunter Hall\n EGM Notice\n\nSymphony Environmental Technologies Plc ('Symphony' or 'the Company'), the\ndegradable plastics and waste-to-energy Group, is pleased to announce a placing\nof up to 14,000,000 new ordinary shares in Symphony with Hunter Hall's unit\ntrusts, including the recently launched Global Deep Green Trust ('Hunter Hall'),\nat a price of 5p per ordinary share, the gross proceeds of which will be up to\n£700,000. Seven million of these new ordinary shares will be issued and allotted\nat 5p per ordinary share to Hunter Hall on 5th December 2007 and, subject to\nshareholder approval at an Extraordinary General Meeting of the Company, a\nfurther seven million ordinary shares at 5p per share are to be issued and\nallotted on 28th December 2007.\n\nHunter Hall is a leading international ethical fund manager, based in Australia,\nwith $AUD 2.8 billion under management. The Hunter Hall Global Deep Green Trust\nimplements its positive ethical investment policy by investing only in companies\nwhich make a positive impact on environmental, humanitarian, social, and\nsustainability issues. In addition, it excludes investment in countries which\nsupport commercial whaling and donates one third of management fees to charity,\nincluding projects which support biodiversity.\n\nHunter Hall's Executive Chairman, Peter MacDonald Hall, said today: 'We are\ninvesting in Symphony because we want to see its cost-effective degradable\nplastic technology used to reduce the appalling problem of plastic waste which\nfloats on the oceans and pollutes the rivers, fields and streets of the world.\nWe also support the work it is doing in the field of waste-to-energy.\n\nOur generation of humanity has the responsibility to take up the struggle to\nunderstand the issues and to use our rationality to change human behaviour to\nre-create a sustainable and balanced world.'\n\nSymphony's Chief Executive, Michael Laurier, said 'Hunter Hall's investment will\nenable Symphony to progress rapidly our plans for research and development, for\nexpansion of our international network, and for strengthening the financial and\nadministrative base of the Group.\n\nThe source of the investment i...