REG - Supply@ME Capital - PDMR/PCA shareholding: stock loans update

Supply@Me CapitalAnnouncement

22/03/2024 07:00

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RNS Number : 8828H  Supply@ME Capital PLC  22 March 2024

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.

 

22 March 2024

Supply@ME Capital plc

(The "Company" or "SYME")

PDMR/PCA shareholding: stock loans 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, provides the following update regarding the stock loans entered into
by the AvantGarde Group SpA ("TAG") (an entity ultimately beneficially
wholly-owned and controlled by Alessandro Zamboni, Chief Executive Officer of
the Company).

As detailed in the Company's previous announcements of 29 July 2020 and 17
August 2022 (the "Stock Loans RNS's"), SYME was notified by 1AF2 Srl (now
called TAG) that it transferred a number of SYME shares as loan security to
three lending platforms ("Lenders") and that the loans with each of these
Lenders had the following maturity dates:

·    High West Capital Partners LLC (1,615,253,000 SYME shares
transferred): 2 June 2023 (the "HWCP Loan");

·    Stock Loan Solutions LLC (778,571,429 SYME shares transferred): 24
July 2023 (the "SLS Loan"); and

·    Union Pacific Capital Ltd (3,500,000,000 SYME shares transferred): 9
June 2027.

With regards to the HWCP Loan and the SLS Loan, TAG has updated the Company
that it has applied the loan repayment procedures set out in the contracts
with the respective Lenders. TAG has also informed the Company that it has not
yet received the required engagement from the Lenders of the HWCP Loan or the
SLS Loan. As a result TAG is currently pursuing legal options to allow for the
required loan repayments to be made by them and for the SYME shares that were
transferred as loan security for the HWCP Loan and the SLS Loan to be
transferred back to TAG.

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

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.

 

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