Symphony Environmental completes equity raising of £1.4 million and launches PrimaryBid offer to raise a further £0.5 million
March 2024
Symphony Environmental is an AIM listed world leader in the development of plastic additives and masterbatches to enhance plastic products.
Their leading brands are d2w biodegradable plastic technology, developed to make ordinary plastic self-destruct and become biodegradable in the same way as nature’s wastes, if it should escape collection and end up as litter. Much faster than ordinary plastic so that it does not cause long term harm in the environment.
Their protective technologies provide cost-effective protection to products and surfaces in applications as diverse as food packaging and processing to flame retardants, insecticides and pest control.
Equity raising and PrimaryBid offer
On 25th March 2024, the company announced that it had successfully raised gross proceeds of approximately £1.4 million by way of a Subscription of 39,071,400 New Ordinary Shares. The Company has also launched a PrimaryBid Offer for up to 14,285,714 New Ordinary Shares to raise up to a further £0.5 million.
The Perivan shareholder communications team was delighted to work with Zeus Capital who acted as Nominated Adviser and Broker on the documentation, which was successfully produced and posted to shareholders on 25th March 2024.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to corporate finance transactions.
