Symphony Environmental makes progress in battle against COVID-19

Symphony Environmental Technologies plc specializes in developing and marketing a wide range of plastic products and other environmental technologies, and operates worldwide.

(, ) announced that Vincel Investment Holdings Limited bought 2.5mln new shares in the company.

The plastic and rubber products developer raised GBP750,000 as the subscription price was a 13% premium to Thursday’s closing price.

Some 2.5mln warrants have been granted to Vincel at 40p per share, exercisable for six months from completion of the subscription, when Vincel will own 14.8% of the AIM-listed group.

The investor is owned by Shruti Lohia, daughter of Mr S P Lohia, chairman of Indorama Corporation in Singapore.

(, ) made strong progress in developing new products in the first half of 2021.

In its interim results statement, the group that makes plastic and rubber products “smarter, safer and sustainable” said significant potential sales for its d2p antimicrobial food contact technology are in the pipeline.

Symphony Environmental Technologies () said Health Canada approved its d2p antimicrobial food contact technology for use in bread packaging.

Recently, the innovation received sign-off from America’s regulatory body, the Food & Drug Administration.

(, )’s () Michael Laurier joins Proactive London’s Katie Pilbeam after announcing Vincel Investment Holdings Limited bought 2.5mln new shares in the company.

He goes on to detail the GBP750,000 raised on Friday September 24th as the subscription price was a 13% premium to Thursday’s closing price. Some 2.5mln warrants have been granted to Vincel at 40p per share, exercisable for six months from completion of the subscription, when Vincel will own 14.8% of the AIM-listed group.