REG - Supply @ME Capital - Total Voting Rights

Supply@Me CapitalAnnouncement

30/09/2022 16:30

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RNS Number : 4161B  Supply @ME Capital PLC   30 September 2022

 

30 September 2022

Supply@ME Capital plc

(the "Company" or "SYME")

 

Companies House Filings and Total Voting Rights

 

SYME, the fintech business which provides an innovative fintech platform (the
"Platform") for use by manufacturing and trading companies to access Inventory
Monetisation© solutions enabling their businesses to generate cashflow, is
pleased to provide an update to the announcement made on 18 July 2022
regarding a discrepancy in the number of ordinary shares of nominal value
£0.00002 each in the capital of the Company ("Ordinary Shares") in issue
recorded at Companies House, and to the statement made in the Company's
consolidated financial statements for the year ended 31 December 2021
regarding the formal filing of independent valuation reports that supported
the Ordinary Shares issued for non-cash consideration on 7 July 2021.

The discrepancy has now been corrected and the independent valuation reports
filed with Companies House.

With regards to the discrepancy in the number of Ordinary Shares, contrary to
the Company's announcement made on 18 July 2022, an additional issue and
allotment of 2 Ordinary Shares has not been required as the discrepancy was
due to an administrative rounding error made in the Company's previous
announcements relating to its issued share capital, which was notified to
Companies House, and not in relation to the actual number of Ordinary Shares
issued and allotted. The same administrative rounding error had also been made
in relation to the number of Ordinary Shares admitted to listing on the
standard segment of the Official List of the Financial Conduct Authority (the
"FCA") and to trading on the main market for listed securities of London Stock
Exchange plc (the "LSE"), which the Company has now corrected having made the
necessary filings with the FCA and the LSE, respectively.

Furthermore, the Company hereby notifies the market, in accordance with the
FCA's Disclosure Guidance and Transparency Rule 5.6.1, that the Company's
issued share capital as at 30 September 2022 comprises 43,959,306,348 Ordinary
Shares, each with one vote. There are no shares held in treasury.

The total number of voting rights in the Company is 43,959,306,348 and this
figure may be used by shareholders as the denominator for 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.

Enquiries

Investors & Analysts:

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:

Nicole Louis, MHP,  Nicole.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 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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