Supply @ME Capital PLC Issue of Equity & Total Voting Rights (7194X)
August 31 2022 - 2:01AM
UK Regulatory
TIDMSYME
RNS Number : 7194X
Supply @ME Capital PLC
31 August 2022
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE
OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY
SECURITIES.
31 August 2022
Supply@ME Capital plc
(the "Company" or "SYME")
Exercise of Open Offer Warrants, issue of equity and total
voting rights
SYME, the fintech business which provides an innovative platform
for use by manufacturing and trading companies to access Inventory
Monetisation(c) solutions enabling their businesses to generate
cashflow, is pleased to announce that, further to the issue of
320,855,041 warrants to certain qualifying shareholders that
participated in its open offer which completed on 17 August 2022
(the "Open Offer Warrants"), holders of Open Offer Warrants have
elected to exercise 5,064,230 Open Offer Warrants. Accordingly, the
Company will issue 5,064,230 new ordinary shares of GBP0.00002
nominal value each ("Ordinary Shares"), and GBP3,289.79 will be
received by the Company as a result of the exercise of such Open
Offer Warrants.
The Company has made applications to the Financial Conduct
Authority (the "FCA") and London Stock Exchange plc (the "LSE") to
have 5,064,230 new ordinary shares admitted to listing on the
standard segment of the Official List of the FCA and to trading on
the main market for listed securities of the LSE, respectively,
with admission expected to occur on or around 1 September 2022
("Admission").
Following Admission, the Company's issued share capital will
comprise 42,999,639,784 Ordinary Shares. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
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
Chris Wimpress, Cicero/AMO, +44 (0)79 7013 7527,
chris.wimpress@cicero-group.com
Ed Saunders, Cicero/AMO, +44 (0)75 1017 4541 ;
ed.saunders@cicero-group.com
Notes
Supply@ME Capital plc and its operating subsidiaries 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.
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