REG - Supply @ME Capital - Repayment of Mercator Facility in Cash

Supply@Me CapitalAnnouncement

21/10/2022 14:15

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RNS Number : 7574D  Supply @ME Capital PLC   21 October 2022

21 October 2022

Supply@ME Capital plc

(the "Company or "SYME")

Exercise of Mercator Repayment Option and repayment in cash of all outstanding
amounts payable to Mercator

 

Words and expressions used but not defined in this announcement shall have the
meanings given to them in the Company's prospectus published on 3 October 2022
(the "Prospectus"), which is available at:
https://www.supplymecapital.com/wp-content/uploads/2022/10/SYME-Prospectus-Clean91.pdf
(https://www.supplymecapital.com/wp-content/uploads/2022/10/SYME-Prospectus-Clean91.pdf)
.

SYME, 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 has exercised the Mercator Repayment Option and
paid £3,536,553 in cash in immediately available funds to Mercator in full
and final settlement of all outstanding amounts payable under the Mercator
Loan Notes and the Mercator CLNs (including incurred fees) utilising the Venus
Amount.  Accordingly, the Company will not be required to issue any
additional Mercator Conversion Shares to Mercator.

 

Contact information

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)

Media

Nicola Louis, MHP, Nicola.Louis@mhpc.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
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.

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