Symphony Environmental Adjusts Share Subscription, Strengthens Market Position

Symphony Environmental Technologies ( (GB:SYM) ) has shared an update.

Symphony Environmental Technologies announced a change in the subscription amount for its new ordinary shares, reducing the number from 11,250,000 to 10,014,875 shares, raising £2.00 million instead of the initially planned £2.25 million. This adjustment, agreed upon with Quantum Leap 1.1.1 Fund LP, will see the fund holding 4.24% of the company’s enlarged issued share capital. The revised shares are expected to be admitted to trading on AIM by 12 June 2025, with the total issued share capital reaching 236,363,995 ordinary shares. This move is part of Symphony’s strategic efforts to strengthen its financial position and enhance its market presence.

More about Symphony Environmental Technologies

Symphony Environmental Technologies Plc is a global specialist in making plastic and rubber products smarter, safer, and sustainable. With a diverse and growing customer base, Symphony operates internationally with over 70 distributors worldwide. Their products, which incorporate technologies like d2w, d2p, and NbR, are available in nearly 100 countries and are designed to address environmental concerns such as microplastics and fossil-derived plastic usage.

Average Trading Volume: 647,107

Technical Sentiment Signal: Buy

Current Market Cap: £16.98M

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