REG - Supply@ME Capital - Transfer of Warrants

Supply@Me CapitalAnnouncement

28/03/2024 07:15

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RNS Number : 6025I  Supply@ME Capital PLC  28 March 2024

28 March 2024

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 an update in relation to 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").

The Company previously announced on 23 November 2023 that the entire holding
of 961,832,433 have been sold and transferred by Mercator to an independent
third party purchaser (the "Current Warrant Holder"). Today, the Company
further announces that the Current Warrant Holder has sold and transferred
(the "Transfer") the entire holding of the Warrants to two separate third
party purchasers (the "Transferees").

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 Transferees are neither an affiliate of the
Current Warrant Holder, 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%3Ablank)

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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