Supply @ME Capital PLC Appointment of New Auditor (8048B)
October 12 2020 - 6:52AM
UK Regulatory
TIDMSYME
RNS Number : 8048B
Supply @ME Capital PLC
12 October 2020
12 October 2020
Supply@ME Capital plc
(The "Company", "SYME" or "Supply@ME")
Appointment of New Auditor
Supply@ME Capital plc, the innovative fintech platform which
provides a unique, market leading Inventory Monetisation (c)
service to European manufacturing and trading companies, is pleased
to announce that following a competitive tender process, its Board
has appointed Crowe U.K. LLP ("Crowe") as the Group's auditor until
the Company's next Annual General Meeting, at which their
re-appointment will be proposed and voted on by shareholders. Crowe
Global is the 8th largest global accountancy network operating in
more than 130 countries.
Following the Company's move to the Standard List of the London
Stock Exchange, Grant Thornton UK LLP ("GT") declined the
invitation to participate in the tender. The Board wishes to thank
GT for its services and support.
As required by section 519 of the Companies Act 2006, GT has
deposited a statement with the Company confirming that there are no
circumstances in connection with its resignation as auditor that
should be brought to the attention of the Company's
shareholders.
SYME CEO, Alessandro Zamboni, commented:
"We are very pleased to appoint Crowe as our auditor. Their
size, international presence and sector awareness should complement
very well the Platform's scalability plans and, accordingly, the
current Company cross-border expansion."
Notes
Supply@ME enables businesses to generate cashflow, without
incurring debt, by monetising their existing stock. Before a
business has found an end-customer for its inventory, the Supply@ME
platform enables them to sell ("monetise") their stock and receive
cash immediately to boost their working capital. The Supply@ME
service enables strong companies to improve their working capital
cycle. SYME does not monetise inventory for companies in financial
difficulty or with inventory that they are struggling to sell.
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
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