Supply @ME Capital PLC Board Change (5054I)
April 19 2022 - 2:02AM
UK Regulatory
TIDMSYME
RNS Number : 5054I
Supply @ME Capital PLC
19 April 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
19 April 2022
Supply@ME Capital plc
(The "Company" or "SYME")
Board Change
Supply@ME Capital plc, the innovative fintech platform which
provides the Inventory Monetisation(c) service to manufacturing and
trading companies, announces that Susanne Chishti, Independent
Non-Executive Director, has tendered her resignation from the
Board, her last day with the Company being 14(th) April 2022. Ms
Chishti is stepping down in order to explore other new business
opportunities arising from her broad portfolio of non-executive
roles.
Ms Chishti has served as a member of the Board since the
Company's admission to the London Stock Exchange in March 2020 and,
over the past two years, has been instrumental in guiding the
Company through its early stages of development. During her time
with SYME, the Company acquired TradeFlow Capital Management
("TradeFlow"), diversified its business lines and geographic
footprint and launched the Global Inventory Monetisation Fund.
Following the publication of the 2021 Annual Report, envisaged
by end of April, the Company will finalise its strategic plan and
prepare to enter its next phase of growth. Accordingly, Ms Chishti
believes that now is the right time to step away from her role at
SYME, to focus more on her other commitments and to explore new
projects. The Company agreed to accept her resignation with
immediate effect.
The Board is now actively seeking a long-term successor to Ms
Chishti.
SYME Chief Executive, Alessandro Zamboni said:
"It has been a pleasure to work with Susanne, who has been with
the Company since its public listing. Her contributions to
Supply@ME have been invaluable and on behalf of the whole Board I
would like to offer her our heartfelt thanks for all her hard work
and wish her success in all her future endeavours."
Former Non-executive Director, Susanne Chishti said:
"I am sorry to be leaving Supply@Me. It has been a pleasure to
help guide the Company over the last two years. I look forward to
seeing the Company go on to realise its potential."
Notes
Supply@ME Capital PLC and its operating subsidiaries (together
the "Group") provide an innovative fintech platform (the
"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.
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
brian.norris@cicero-group.com
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