REG - Supply @ME Capital - Appointment of Independent Non-Executive Director

Supply@Me CapitalAnnouncement

13/06/2022 07:00

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RNS Number : 6060O  Supply @ME Capital PLC   13 June 2022

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13 June 2022

Supply@ME Capital plc

(The "Company" or "SYME")

Appointment of new Independent Non-Executive Director

 

 

Supply@ME Capital plc, the innovative fintech platform which provides the
Inventory Monetisation© service to manufacturing and trading companies, is
pleased to announce that the Board of Directors proposes to appoint Mr Andrew
Thomas as an Independent Non-Executive Director with effect from the
conclusion of the Company's Annual General Meeting scheduled to take place at
11am on 30 June 2022.

 

Mr Thomas has over 20 years' experience in various business advisory roles and
during this time has worked across the US, UK, EU and APAC regions, acquiring
expertise of onshore and offshore fund structuring and oversight, particularly
in relation to tax and regulatory issues. He also has extensive experience in
mitigating ESG risks while helping organisations to maximise ESG
opportunities. His proposed appointment to the Board follows the RNS
announcement of 6 June 2022 confirming the proposed appointment of Mr Albert
Ganyushin as the Company's new Independent Non-Executive Chairman with effect
from the conclusion of the Company's Annual General Meeting.

 

SYME Chief Executive, Alessandro Zamboni, said:

"We continue to further strengthen the Supply@ME Board and are looking forward
to welcoming Andrew to the Company. We are confident that his broad financial
experience and specialist funds expertise make him very well suited to helping
guide the Company as we move into the next stage of growth. I look forward to
working with him."

 

SYME Independent Non- Executive Director, Andrew Thomas, said:

"I am pleased to be joining Supply@ME as an Independent Non-Executive
Director, having been drawn to its unique business model and great
potential.  I am looking forward to working alongside the current leadership
team as the Company continues to grow."

 

The following information is disclosed pursuant to the QCA Corporate
Governance Code and best practice:

 

Andrew Thomas holds or has held the following directorships, partnerships and
roles in the past five years:

 

 

 

 

 Current Directorships or Partnerships  Previous Roles
 Transatlantic Regulatory Consulting    Brandywine Global, an operating entity of Franklin Templeton, Head of
                                        International Legal and Chief Compliance Officer Europe
                                        Close Brothers Asset Management, General Counsel
                                        Katten Muchin Rosenman LLP, Global Funds Lawyer
                                        Janus Henderson, Senior Lawyer
                                        Linklaters LLP, Lawyer

 

Mr Thomas does not hold shares in the Company.

 

There is no further information to be disclosed pursuant to The LSE Standard
Listing Rulebook.

 

Notes

Supply@ME Capital PLC and its operating subsidiaries (together the "Group")
provide an innovative fintech platform (the "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.

 

 

Contacts

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

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

Chanice Smith, Cicero/AMO, +44 (0)207 947 5328, chanice.smith@cicero-group.com

 

 

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