REG - Supply @ME Capital - Appointment of new independent Non-Executive Chair

Supply@Me CapitalAnnouncement

06/06/2022 07:00

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RNS Number : 7706N  Supply @ME Capital PLC   06 June 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE
OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN

 

6 June 2022

 

Supply@ME Capital plc

(The "Company" or "SYME")

Appointment of new Chair:

Supply@ME appoints Albert Ganyushin as new independent non-executive chairman

 

Supply@ME Capital plc, the fintech business which provides an innovative
Platform for use by manufacturing and trading companies to access Inventory
Monetisation© solutions enabling their businesses to generate cashflow, is
pleased to announce that the Board of Directors proposes to appoint Albert
Ganyushin as a director and new independent non-executive chairman with effect
from the conclusion of its Annual General Meeting envisaged by the end of June
2022. He will succeed James Coyle, who stepped down from the role in March of
this year.

Mr Ganyushin was appointed as an independent adviser (the "Adviser") to the
Company, as stated in the RNS of 4 March 2022 when SYME announced the
appointment of the Adviser to complete, inter alia, its strategic review. He
has subsequently conducted an assessment of the business focussing on the
long-term business objectives and its governance requirements. Mr Ganyushin's
knowledge, skills and experience identify him as an excellent candidate to
lead the business through its next stage of growth. He will provide
leadership, support, and strategic guidance during a period of significant
change for the business.

His two-decade career comprises a range of increasingly senior investment and
capital markets roles across the US, UK, continental Europe and emerging
markets. Mr Ganyushin has a wealth of public markets experience including as
Head of International Listings at the New York Stock Exchange and Euronext and
Investment Banking at Deutsche Bank. Most recently, Mr Ganyushin has worked as
Head of Capital Markets at Dr. Peters Group, an alternative investment and
asset manager with a track record of investing and managing over US$8bn in
real assets across the transportation infrastructure (shipping and aviation)
and specialist real estate. Mr Ganyushin holds an MBA from the London Business
School.

SYME Chief Executive, Alessandro Zamboni said:

"I am very pleased to welcome Albert to Supply@ME. He will bring a wealth of
capital markets and investment experience and will be a valuable asset when it
comes to guiding the Company through its next stage. I look forward to working
with him."

SYME Chair, Albert Ganyushin said:

"I am delighted to be joining Supply@ME as its new chair. The opportunity that
lies ahead of Supply@ME is clear. I'm looking forward to bringing my
experience to help shape the next stage of the development of Supply@ME's
unique offering."

 

The following information is disclosed in respect of Mr Ganvushin pursuant to
the Financial Conduct Authority's Listing Rules:

 

 

Albert Ganyushin holds or has held the following directorships or partnerships
in the past five years:

 

 Current Directorships or Partnerships
 Austen Grove Capital Limited
 Westcott Hill Capital Limited
 Wotton Hill Capital LLP

 

 Past Directorships or Partnerships
 Dr. Peters Asset Invest Ltd
 Ross Wisconsin AS

 

Mr Ganyushin does not hold any interests in any shares in the Company.

 

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

Brian Norris, Cicero/AMO, +44 (0)20 7947 5317; brian.norris@cicero-group.com

 

 

 

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