REG - Supply @ME Capital - Issue of Equity & Total Voting Rights

Supply@Me CapitalAnnouncement

05/09/2022 07:00

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RNS Number : 1922Y  Supply @ME Capital PLC   05 September 2022

5 September 2022

Supply@ME Capital plc

(the "Company" or "SYME")

Capital Enhancement Plan deployment

 

Equity issuance under Venus Facility and total voting rights

 

Supply@ME Capital plc, the fintech business which provides an innovative
fintech platform ("Platform") for use by manufacturing and trading companies
to access Inventory Monetisation© solutions enabling their businesses to
generate cashflow, announces that it is to issue the fifth mandatory tranche
("Fifth Tranche") of new ordinary shares of nominal value £0.00002 each in
the capital of the Company ("Ordinary Shares") to Venus Capital S.A. ("Venus
Capital"), under the key terms of the equity funding facility announced in the
RNS of 27 April 2022 ("Venus Facility"). The Venus Facility with Venus Capital
forms an integral part of the Company's Capital Enhancement Plan, also
announced in the RNS of 27 April 2022.

It should be noted that Venus was not required to subscribe for the fourth
mandatory tranche under the terms of the Venus Facility, as the Company's open
offer was fully subscribed for by qualifying shareholders, as announced in the
RNS of 18 August 2022.

The Fifth Tranche, comprising 950,000,000 new Ordinary Shares (the "Fifth
Tranche Shares"), will be issued at a price of 0.05 pence per share, raising
gross proceeds for the Company of £475,000.

The Company will also issue to Venus Capital:

·    1 warrant for every 2 Fifth Tranche Shares. Such warrants each have
an exercise price of 0.065 pence and are exercisable at any time up to 31
December 2025; and

·    £47,500 in principal value of unsecured loan notes in order to
settle the fees due to Venus Capital in respect of the Fifth Tranche. Such
unsecured loan notes are convertible into new Ordinary Shares with a maturity
date of 31 December 2025 at an interest rate of 10% per annum.

The Company has made applications to the Financial Conduct Authority (the
"FCA") and London Stock Exchange plc (the "LSE") to have the Fifth Tranche
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 6 September 2022
("Admission").

The Company hereby notifies the market, in accordance with the FCA's
Disclosure Guidance and Transparency Rule 5.6.1, that on Admission, the
Company's issued share capital will consist of 43,949,639,784 Ordinary Shares,
each with one vote. There are no shares held in treasury. On Admission, the
total number of voting rights in the Company will be 43,949,639,784 and 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.

Notes

Supply@ME Capital plc and its operating subsidiaries provide a 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

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)

 

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