REG - Supply @ME Capital - Second tranche of shares issued to Venus Capital

Supply@Me CapitalAnnouncement

10/05/2022 07:00

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RNS Number : 9091K  Supply @ME Capital PLC   10 May 2022

10 May 2022

Supply@ME Capital plc

(The "Company" or "SYME")

Capital Enhancement Plan deployment

 

Second tranche of new ordinary shares issued under equity funding facility
with Venus Capital SA

 

Supply@ME Capital plc, 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,
announces that it is to issue the second mandatory tranche of new ordinary
shares in the Company to Venus Capital SA ("Venus Capital"), under the key
terms of the equity funding facility announced in the RNS of 27 April 2022.
The equity funding facility with Venus Capital forms an integral part of the
Company's Capital Enhancement Plan, also announced in the RNS of 27 April
2022.

The second tranche, comprising 550,000,000 new ordinary shares, will be issued
at a price of 0.0005 pence per share, raising gross proceeds for the Company
of £275,000.

Application has been made to the Financial Conduct Authority and to the London
Stock Exchange for admission of such ordinary shares to the standard segment
of the Official List and to trading on the London Stock Exchange's main market
for listed securities, respectively ("Admission"). It is expected that
Admission will occur at 8.00am on or around 11 May 2022.

The Company will additionally issue to Venus Capital 1 Warrant for every 2
Shares comprised in the tranche. The exercise price of the warrants is 0.065p
with the warrants exercisable at any time up to 31 December 2025.

Following the issue of the second tranche, the Company's issued share capital
will comprise  40,789,339,950 ordinary shares.

 

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 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

Brian Norris, Cicero/AMO, +44 (0)20 7947 5317; brian.norris@cicero-group.com

 

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