Symphony Environmental Technologies Announces Change to Subscription Amount
Why we think this is neutral
This RNS announcement is a general update regarding a change to the subscription amount for new ordinary shares. It does not contain any specific financial or operational updates that would significantly impact the company's performance or outlook.
Key Points
- The subscription for 11,250,000 new ordinary shares at 20 pence per share, raising £2.25 million, has been reduced to 10,014,875 new ordinary shares at 20 pence each, raising £2.00 million
- The Revised New Ordinary Shares are expected to be admitted to trading on AIM on or around 12 June 2025
- Following Admission, the Quantum Leap 1.1.1 Fund LP will hold 4.24 per cent. of the enlarged issued share capital of the Company
Summary
The specialty plastics company has amended the terms of a subscription, reducing the number of new shares issued and the total amount raised.
Symphony Environmental Technologies Plc (AIM: SYM) has announced that the terms of a previously announced subscription have been amended. The subscription for 11,250,000 new ordinary shares at 20 pence per share, raising £2.25 million, has been reduced to 10,014,875 new ordinary shares at 20 pence each, raising £2.00 million. All other material terms remain unchanged.
GENERAL UPDATE