REG - Supply@ME Capital - Facility Amendment and Funding Update

Supply@Me CapitalAnnouncement

01/09/2025 07:00

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RNS Number : 3411X  Supply@ME Capital PLC  01 September 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT
TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK
MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS
DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

1 September 2025

Supply@ME Capital plc

(The "Company" or "SYME")

Facility Amendment and Funding Update

 

SYME, the fintech business which provides an innovative fintech platform (the
"Platform") for use by manufacturing and trading companies to access Inventory
Monetisation© ("IM") solutions enabling their businesses to generate
cashflow, announces the following update in respect of the US$5,150,000
on-demand convertible funding facility signed on 18 March 2025, and amended on
10 June 2025, with Nuburu Inc., a NYSE listed (NYSE American: BURU) high-tech
company of which Alessandro Zamboni, a director of the Company, is Executive
Chairman ("BURU") (the "Amended On-Demand Facility").

As set out in the announcement dated 31 July 2025, SYME was due to receive the
following tranches under the Amended On-Demand Facility which had not been
received as at that date:

·    US$1,200,000 that was due on or before 15 July 2025; and

·    US$500,000 that was due on or before 30 July 2025.

At the date of this announcement these amounts remain outstanding.

In addition, the amount of US$1,000,000 that was due on or before 31 August
2025 under the Amended On-Demand Facility is still outstanding. The amounts
received by the Company from BURU under the Amended On-Demand Facility as at
the date of this announcement total US$952,000.

The final payment under the Amended On-Demand Facility of US$1,498,000 is
currently due on or before 20 September 2025.

The board of directors of BURU has indicated that it expects to be able to
make a payment totalling US$2,000,000 in the week commencing 8 September 2025
and transfer the remaining outstanding amount of US$2,198,000 to SYME on or
before  31 October 2025.

Accordingly, the Company and BURU entered into a second amendment to the
Amended On-Demand Facility on 29 August 2025 (the "Amendment") which amends
the following key terms of the Amended On-Demand Facility:

1)   The remaining total amount of US $4,198,000 will now be received by the
Company in line with the following tranches:

·    US$2,000,000 on or before 12 September 2025; and

·    US$2,198,000 on or before 31 October 2025.

2)   In order for the Company to be able to issue the new ordinary shares
under the Amended On-Demand Facility, approvals will be required from the
shareholders of the Company, the Financial Conduct Authority (the "FCA") and
The Panel on Takeovers and Mergers (together the "Approvals"). The Amendment
has amended the date by which the Approvals must be obtained by the Company
from 31 March 2026 to 30 June 2026. If the Approvals are not obtained by 30
June 2026, BURU can demand repayment in cash, and the Company is required to
provide security over the intellectual property rights and receivables related
to its Italian subsidiary entities in favour of BURU.

All other key terms to the Amended On-Demand Facility that were set out in the
Company's announcements dated 19 March 2025 and 10 June 2025 remain unchanged.

It should be noted that the heads of terms agreement that the Company entered
into with BURU on 18 March 2025 (the "Heads of Terms") have not been amended.
The key actions under the Heads of Terms can be found in the announcement made
by the Company on 19 March 2025.

Alessandro Zamboni, the Chief Executive Officer of the Company, is a related
party in connection with the Amendment due to the fact that he is also the
Executive Chairman of BURU. As such, the entry by the Company into the
Amendment constitutes a material related party transaction for the purpose of
DTR 7.3 and was, accordingly, voted upon by the independent Directors
(excluding Alessandro Zamboni, who, constituted a "related party" (as such
term is defined in IFRS). The independent Directors consider the material
related party transaction in respect of the Amendment to be fair and
reasonable from the perspective of the Company and its shareholders who are
not a related party or otherwise interested in BURU.

The Company is continuing to work with its auditors to finalise the Annual
Report and Accounts for the year ended 31 December 2024 (the "2024 Annual
Report"), and intends, once the 2024 Annual Report has been published to make
an application to the FCA for the temporary suspension of the Company's shares
from the Official List and from trading on the London Stock Exchange to be
lifted. Following the publication of the 2024 Annual Report, the Company also
expects to announce the date on which it plans to hold its next Annual General
Meeting.

Alessandro Zamboni, the Chief Executive Officer of the Company, is a related
party in connection with the Amended On-Demand Facility due to the fact that
he is also the Executive Chairman of BURU.

For the purposes of UK MAR, the person responsible for arranging release of
this announcement on behalf of SYME is Alessandro Zamboni, CEO.

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.

Contacts

Albert Ganyushin, Chairman, Supply@ME Capital plc,
investors@supplymecapital.com

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