Symphony Environmental Technologies (SYM)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

3.27p
   
  • Change Today:
      0.015p
  • 52 Week High: 6.50p
  • 52 Week Low: 2.10p
  • Currency: UK Pounds
  • Shares Issued: 225.10m
  • Volume: 447,245
  • Market Cap: £7.35m
  • RiskGrade: 282

EU court grants extension to Symphony's bioplastics action

By Josh White

Date: Friday 12 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Sustainable plastics technology company Symphony Environmental Technologies said on Friday that the General Court of the European Union has granted an extension of time for each defendant to file their defences in its legal action against the Commission, Parliament and Council of the EU.
The AIM-traded firm launched the action on 21 December, having earlier said that the EU's directive on single use plastics "adds confusion", as it required EU members to ban oxo-degradable products that do not properly biodegrade and are not recyclable with ordinary plastics.

"We continue to explain the difference between oxo-degradable and oxo-biodegradable plastic, but the directive has not made this clear," Symphony said when it launched the legal action in December.

"Symphony's 'd2w' plastic is oxo-biodegradable, not oxo-degradable.

"We believe that Symphony's d2w technology would achieve considerably better traction both within the EU and outside Europe if we could resolve this confusion."

It said on Friday that the court had extended the deadline for the defences to 7 April for the EU's Council and Commission, and 14 April for the European Parliament.

"The company will provide an update after 14 April, when the company's legal team has evaluated the defences," the Symphony board said in its statement.

At 1017 GMT, shares in Symphony Environmental Technologies were down 3.94% at 15.85p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SYM Market Data

Currency UK Pounds
Share Price 3.27p
Change Today 0.015p
% Change 0.45 %
52 Week High 6.50p
52 Week Low 2.10p
Volume 447,245
Shares Issued 225.10m
Market Cap £7.35m
RiskGrade 282

SYM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.93% below the market average24.93% below the market average24.93% below the market average24.93% below the market average24.93% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
30.6% below the market average30.6% below the market average30.6% below the market average30.6% below the market average30.6% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Income Not Available
Growth
46.35% below the market average46.35% below the market average46.35% below the market average46.35% below the market average46.35% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average

SYM Dividends

No dividends found

Trades for 22-Nov-2024

Time Volume / Share Price
08:48 55,000 @ 3.26p
08:31 30,000 @ 3.45p
08:15 55,000 @ 3.20p
08:15 100,000 @ 3.47p
08:11 110,000 @ 3.45p

SYM Key Personnel

CFO Ian Bristow
CEO Michael Laurier

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