REG - Supply @ME Capital - Admission and Exercise of Open Offer Warrants

Supply@Me CapitalAnnouncement

04/05/2023 12:45

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RNS Number : 4636Y  Supply @ME Capital PLC   04 May 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, ITS STATES, TERRITORIES
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AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR
DISTRIBUTION WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE
SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES.

4 May 2023

Supply@ME Capital plc

(the "Company" or "SYME")

Publication of Supplementary Prospectus

Admission of 3,375,000,000 Initial Tranche Subscription Shares and 227 Open
Offer Shares on exercise of Open Offer Warrants

Total Voting Rights

Words and expressions used but not defined in this announcement shall have the
meanings given to them in the Company's announcement issued on 28 April 2023
entitled "2022 Annual Report and Accounts and Financing" (the "Prior
Announcement").

SYME, the fintech business which provides an innovative fintech Platform for
use by manufacturing and trading companies to access Inventory Monetisation©
solutions enabling their businesses to generate cashflow, announces that it
has today:

·    made available an electronic copy of the Supplementary Prospectus for
inspection on the Company's website at
https://www.supplymecapital.com/investors/;

·    submitted an electronic copy of the Supplementary Prospectus to the
National Storage Mechanism maintained by the FCA, which will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) ; and

·    made applications to the FCA and the London Stock Exchange for
admission to a Standard Listing and to trading on the Main Market
("Admission") of:

o  3,375,000,000 Initial Tranche Subscription Shares, being issued at a price
of 0.05 pence per share, raising gross proceeds for the Company of £1,687,500
(or £1,603,125 net of a 5% commission chargeable by Venus); and

o  further to the issue of 320,855,008 Open Offer Warrants to certain
Qualifying Shareholders who participated in the Open Offer, holders of Open
Offer Warrants have elected to exercise 227 Open Offer Warrants. Accordingly,
the Company will issue 227 new Open Offer Shares, and £0.15 will be received
by the Company as a result of the exercise of such Open Offer Warrants, with
Admission expected to occur on or around 5 May 2023.

As detailed in the Prior Announcement, the Company will also issue to Venus a
total of 1,687,500,000 warrants in respect of the Initial Tranche of
Subscription Shares, comprising New Warrants; 1 warrant for every 2 Initial
Tranche Subscription Shares. Such warrants each have an exercise price of
0.065 pence and are exercisable at any time up to 31 December 2026.

Accordingly, the Company hereby notifies the market, in accordance with the
FCA's Disclosure Guidance and Transparency Rule 5.6.1, that on Admission of
the 3,375,000,227 new Ordinary Shares, the Company's issued share capital will
consist of 59,998,930,137 Ordinary Shares, each with one vote. There are no
shares held in treasury. On Admission, the total number of voting rights in
the Company will be 59,998,930,137 and this figure may be used by Shareholders
as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest in,
the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contact information:

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com

MHP Group, SupplyME@mhpgroup.com

Orrick, Herrington & Sutcliffe (UK) LLP is acting as legal adviser to
SYME.

Notes

SYME and its operating subsidiaries provide its Platform for use by
manufacturing and trading companies to access inventory trade solutions
enabling their businesses to generate cashflow, via a non-credit approach and
without incurring debt.  This is achieved by their existing eligible
inventory being added to the Platform and then monetised via purchase by third
party Inventory Funders.  The inventory to be monetised can include
warehoused goods waiting to be sold to end-customers or goods that are part of
a typical import/export transaction. SYME announced in August 2021 the launch
of a global Inventory Monetisation programme which will be focused on both
inventory in transit monetisation and warehoused goods monetisation. This
programme will be focused on creditworthy companies and not those in distress
or otherwise seeking to monetise illiquid inventories.

 

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