REG - Supply @ME Capital - Admission of New Shares and Total Voting Rights

Supply@Me CapitalAnnouncement

10/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221010:nRSJ3096Ca&default-theme=true

RNS Number : 3096C  Supply @ME Capital PLC   10 October 2022

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

10 October 2022

Supply@ME Capital plc

(the "Company" or "SYME")

Admission of 9,578,498,083 Secondary Admission Shares and 30,897,410 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 prospectus published on 3 October 2022
(the "Prospectus"), which is available at:
https://www.supplymecapital.com/wp-content/uploads/2022/10/SYME-Prospectus-Clean91.pdf
(https://www.supplymecapital.com/wp-content/uploads/2022/10/SYME-Prospectus-Clean91.pdf)
.

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 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:

·    9,578,498,083 Secondary Admission Shares, comprising all remaining
1,230,000,000 Venus Mandatory Subscription Shares and all remaining
7,500,000,000 Venus Optional Subscription Shares, being issued at a price of
0.05 pence per share, raising gross proceeds for the Company of £4,365,000,
and 848,498,083 Ordinary Shares issued to Venus on conversion of £417,500
Tranche A Venus CLNs plus accrued interest (inclusive of £61,500 in principal
amount of Tranche A Venus CLNs to be issued and immediately converted, not
attracting interest); and

·    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 30,897,410 Open Offer Warrants.
Accordingly, the Company will issue 30,897,410 new Open Offer Shares, and
£20,084.24 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 11 October 2022.

As detailed in the Prospectus, the Company will also issue to Venus a total of
2,115,000,000 Venus Warrants, comprising: 1 Venus Warrant for every 2 Venus
Mandatory Subscription Shares; and 1 Venus Warrant for every 5 Venus Optional
Subscription Shares. Such Venus Warrants each have an exercise price of 0.065
pence and are exercisable at any time up to 31 December 2025.

Accordingly, the Company hereby notifies the market, in accordance with the
FCA's Disclosure Guidance and Transparency Rule 5.6.1, that on Admission, the
Company's issued share capital will consist of 56,617,688,143 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 56,617,688,143 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.

 

Enquiries

Investors & Analysts:

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

Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780; paul.vann@walbrookpr.com

Media:

Nicole Louis, MHP, Nicole.Louis@mhpc.com

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

Notes

SYME and its operating subsidiaries provide a 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
warehouse goods waiting to be sold to end-customers or goods/commodities 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 warehouse goods
monetisation. This program will be focused on creditworthy companies and not
those in distress or otherwise seeking to monetise illiquid inventories.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEEBLBFLBLEFBF