Supply @ME Capital PLC Change of Accounting Reference Date (0991M)
January 19 2021 - 2:00AM
UK Regulatory
TIDMSYME
RNS Number : 0991M
Supply @ME Capital PLC
19 January 2021
19 January 2021
Supply@ME Capital plc
(The "Company" or "SYME")
Change of Accounting Reference Date;
Notice of Publication of Audited Accounts for the nine-month
period ended 31 December 2019
and
Notice of Unaudited Interim Accounts for the six-month period
ended 30 June 2020
Supply@ME Capital plc, the innovative fintech platform which
provides Inventory Monetisation(c) services to manufacturing and
trading companies, announces that, following discussions with its
advisors and auditors, it is changing its Accounting Reference Date
from 30 September to 31 December to align its financial year-end
with the Calendar Tax Year (31 December), a more standard
accounting reference date and one which is more appropriate to
SYME's current and future operating subsidiaries' trading.
This change of the Accounting Reference Date will greatly
improve the efficiency of the financial reporting process going
forward and as a result, the Group's financial reporting
calendar.
Accordingly, the Group's financial calendar will now be as
follows:
-- Audited accounts for a shortened nine-month period ended 31
December 2019 are currently being finalised and are expected to be
published before the end of January 2021. These are statutory
accounts, required to provide continuity for the next period to be
audited, which will be the twelve-month period ending 31 December
2020.
-- Unaudited Interim Accounts for the six-month period ended 30
June 2020, will be published shortly following the audited 31
December 2019 accounts.
-- Audited accounts for the twelve-month period ended 31
December 2020 are scheduled to be published in April 2021.
Thereafter, Interim and Annual Accounts will be published each
year for the six months to 30 June and twelve months to 31 December
in accordance with the LSE Standard Listing Rules.
Notes
The SYME platform aligns Client companies (manufacturing and
trading companies) seeking to monetise part of their inventory for
cash, with inventory funders (banks, financial institutions and
investment funds). The inventory funders invest through the SYME
platform into portfolios of inventory assets through Securitisation
Vehicles.
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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END
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