REG - Supply @ME Capital - First IM Transaction: Binding commitment signed

Supply@Me CapitalAnnouncement

09/08/2022 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:20220809:nRSI3303Va&default-theme=true

RNS Number : 3303V  Supply @ME Capital PLC   09 August 2022

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.

 

9 August 2022

 

 

Supply@ME Capital plc

(The "Company" or "SYME")

Update on inaugural Inventory Monetisation©: binding commitment signed with
the client company

 

Further to the Company's recent announcement on 29 July, SYME, the fintech
business which provides an innovative Platform for use by manufacturing and
trading companies to access Inventory Monetisation© ("IM") solutions enabling
their businesses to generate cashflow, is pleased to confirm that the client
company has signed the binding commitment to execute the inaugural IM
transaction.

The Company will provide further updates regarding this and, more broadly, its
Captive Inventory Monetisation ("C-IM") initiatives in due course, also
considering the other traditional inventory funding streams currently
underway, aimed at deploying new IM transactions. Additionally, further
updates will be made in due course regarding SYME's white-label proposition.

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

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

Chris Wimpress, Cicero/AMO, +44 (0)79 7013 7527,
chris.wimpress@cicero-group.com

Ed Saunders, Cicero/AMO, +44 (0)75 1017 4541, e
(mailto:edward.saunders@cicero-group.com) dward.saunders@cicero-group.com
(mailto:edward.saunders@cicero-group.com)

 

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 warehoused goods
monetisation. This programme 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  AGRFVLLBLVLZBBV