Symphony Environmental Announces Change of Equity Subscriber
Why we think this is neutral
This RNS announcement is a general update regarding a change in the equity subscriber for Symphony Environmental Technologies plc. It does not contain any specific financial or operational updates that would warrant a strong positive or negative sentiment score.
Key Points
- Change of equity subscriber for previously announced placement
- Tranche A of 1,250,000 shares at 20 pence per share has completed
- Tranche B of 11,250,000 shares at 20 pence per share will now be subscribed by Quantum Leap 1.1.1 Fund LP
- All other material terms remain unchanged
Summary
Symphony Environmental Technologies plc (AIM: SYM) has announced that the terms of the original subscription announced on 8 May 2025 for 12,500,000 new ordinary shares have been amended. The subscription was split across two tranches, with Tranche A completed and Tranche B now being subscribed by Quantum Leap 1.1.1 Fund LP instead of the original subscriber, Quantum Leap Capital. All other material terms remain unchanged, and Tranche B shares are expected to be admitted to trading on AIM on or around 9 June 2025.