REG - Supply@ME Capital - Transfer of Warrants

Supply@Me CapitalAnnouncement

23/11/2023 07:00

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RNS Number : 3786U  Supply@ME Capital PLC  23 November 2023

23 November 2023

Supply@ME Capital plc
(the "Company" or "SYME")

Transfer of Warrants

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, today announces that the entire holding of 961,832,433 warrants
(each exercisable into one new ordinary share of nominal value £0.00002 each
in the capital of the Company) in aggregate (the "Warrants") previously issued
to of Mercator Capital Management Fund LP ("Mercator")  pursuant to seven
warrant instruments executed by the Company, cast as deed polls, between 1
October 2021 and 14 July 2022 (the "Warrant Instruments") have been
transferred (the "Transfer") by Mercator to an independent third party
purchaser (the "Transferee").

A summary of the key terms of the Warrants are set out in the table below:

 Date of issue  Maturity date  Number of Warrants  Exercise price
 01/10/2021     01/10/2024     443,726,031         £0.00316
 01/11/2021     01/11/2024     29,197,856          £0.00314
 01/12/2021     01/12/2024     49,867,625          £0.00184
 04/01/2022     04/01/2025     77,763,767          £0.00174
 02/02/2022     02/02/2025     79,179,799          £0.00171
 04/03/2022     04/03/2025     105,948,198         £0.00128
 14/07/2022     14/07/2025     176,149,157         £0.00085
 Total                         961,832,433

 

The Company has confirmed that the Transferee is neither an affiliate of
Mercator, nor a person closely associated of any person discharging managerial
responsibilities of the Company for the purposes of Regulation 2014/596/EU,
which is part of the domestic law of the United Kingdom of Great Britain and
Northern Ireland pursuant to the Market Abuse (Amendment) (EU Exit)
Regulations (SI 2019/310)).

Under the terms of the Warrant Instruments, the Warrants may only be
transferred to affiliates of the holder of the Warrants from time to time. The
Company authorised the Transfer in accordance with the modification provisions
in the Warrant Instruments on this occasion, but, going forwards, the terms of
the Warrant Instruments shall continue to preclude transfer to non-affiliates
of the holder of the Warrants without the consent of the Company.  The new
certificates in respect of the Warrants will be sent to the Transferee
shortly.

Contact information:

Alessandro Zamboni, CEO, Supply@ME Capital
plc, investors@supplymecapital.com (about:blank)

MHP Group, SupplyME@mhpgroup.com (about:blank)

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.

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