Supply @ME Capital PLC SYME moves to SETS trading platform (1274Y)
May 02 2023 - 7:00AM
UK Regulatory
TIDMSYME
RNS Number : 1274Y
Supply @ME Capital PLC
02 May 2023
2 May 2023
Supply@ME Capital plc
(the "Company", or "SYME")
SYME moves to SETS trading platform
SYME, the fintech business which provides an innovative fintech
platform (the "Platform") for use by manufacturing and trading
companies to access Inventory Monetisation(c) ("IM") solutions
enabling their businesses to generate cashflow, is pleased to
advise that the trading of the Company's ordinary shares of nominal
value GBP0.00002 each ("Ordinary Shares") on the main market for
listed securities of London Stock Exchange plc (the "LSE") has
transitioned with immediate effect from the LSE's SETSqx (Stock
Exchange Electronic Trading Service: Quotes and Crosses) trading
platform to its SETS (Stock Exchange Trading System) trading
platform .
The move is intended to provide investors with access to the
entire SETS platform, providing liquidity via traditional order
book trades, as well as from two-way quotes from market makers.
There shall be no change to the Ordinary Shares' existing ISIN
GB00BFMDJC60, Stock Exchange Daily Official List (SEDOL) code
BFMDJC6 or Tradable Instrument Display Mnemonic (TIDM) SYME.
Contact information:
Alessandro Zamboni, CEO, Supply@ME Capital plc,
investors@supplymecapital.com
MHP Group, SupplyME@mhpgroup.com
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 warehoused goods waiting to
be sold to end-customers or goods that are part of a typical
import/export transaction. SYME announced in August 2021 the launch
of a global IM programme which will be focused on both inventory in
transit monetisation and warehoused goods monetisation. This
programme will be focused on creditworthy companies and not those
in distress or otherwise seeking to monetise illiquid
inventories.
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END
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