REG - Supply @ME Capital - Issue of Equity & Total Voting Rights
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RNS Number : 7194X Supply @ME Capital PLC 31 August 2022
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE
SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES.
31 August 2022
Supply@ME Capital plc
(the "Company" or "SYME")
Exercise of Open Offer Warrants, issue of equity and total voting rights
SYME, 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, further to the issue of 320,855,041 warrants to certain
qualifying shareholders that participated in its open offer which completed on
17 August 2022 (the "Open Offer Warrants"), holders of Open Offer Warrants
have elected to exercise 5,064,230 Open Offer Warrants. Accordingly, the
Company will issue 5,064,230 new ordinary shares of £0.00002 nominal value
each ("Ordinary Shares"), and £3,289.79 will be received by the Company as a
result of the exercise of such Open Offer Warrants.
The Company has made applications to the Financial Conduct Authority (the
"FCA") and London Stock Exchange plc (the "LSE") to have 5,064,230 new
ordinary shares admitted to listing on the standard segment of the Official
List of the FCA and to trading on the main market for listed securities of the
LSE, respectively, with admission expected to occur on or around 1 September
2022 ("Admission").
Following Admission, the Company's issued share capital will comprise
42,999,639,784 Ordinary Shares. 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.
Contacts
Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com
(mailto:investors@supplymecapital.com)
Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780; paul.vann@walbrookpr.com
(mailto:paul.vann@walbrookpr.com)
Chris Wimpress, Cicero/AMO, +44 (0)79 7013 7527,
chris.wimpress@cicero-group.com (mailto:chris.wimpress@cicero-group.com)
Ed Saunders, Cicero/AMO, +44 (0)75 1017 4541 ; ed.saunders@cicero-group.com
(mailto:ed.saunders@cicero-group.com)
Notes
Supply@ME Capital plc and its operating subsidiaries 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.
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