Supply @ME Capital PLC Admission of Shares and Total Voting Rights (7375A)
May 26 2023 - 2:00AM
UK Regulatory
TIDMSYME
RNS Number : 7375A
Supply @ME Capital PLC
26 May 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES OF AMERICA, ITS STATES, TERRITORIES AND POSSESSIONS,
AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA
OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR
DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE
OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY
SECURITIES.
26 May 2023
Supply@ME Capital plc
(the "Company" or "SYME")
Admission of 1,125,000,000 Secondary Tranche Subscription
Shares
Total Voting Rights
Words and expressions used but not defined in this announcement
shall have the meanings given to them in the Company's announcement
issued on 28 April 2023 entitled "2022 Annual Report and Accounts
and Financing" (the "Prior Announcement").
SYME, the fintech business which provides an innovative fintech
Platform for use by manufacturing and trading companies to access
Inventory Monetisation(c) solutions enabling their businesses to
generate cashflow, announces that it has made applications to the
FCA and the London Stock Exchange for admission to a Standard
Listing and to trading on the Main Market ("Admission") of
1,125,000,000 Secondary Tranche Subscription Shares , being issued
at a price of 0.05 pence per share, raising gross proceeds for the
Company of GBP562,500 (or GBP534,375 net of a 5% commission
chargeable by Venus) with Admission expected to occur on or around
30 May 2023.
As detailed in the Prior Announcement, the Company will also
issue to Venus a total of 562,500,000 warrants in respect of the
Secondary Tranche of Subscription Shares, comprising New Warrants;
1 warrant for every 2 Initial Tranche Subscription Shares. Such
warrants each have an exercise price of 0.065 pence and are
exercisable at any time up to 31 December 2026.
Accordingly, the Company hereby notifies the market, in
accordance with the FCA's Disclosure Guidance and Transparency Rule
5.6.1, that on Admission of 1,125,000,000 Secondary Tranche
Subscription Shares, the Company's issued share capital will
consist of 61,125,075,655 Ordinary Shares, each with one vote.
There are no shares held in treasury. On Admission, the total
number of voting rights in the Company will be 61,125,075,655 and
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.
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 Inventory Monetisation 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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