Supply @ME Capital PLC Response to erroneous media article (2825Z)
17 September 2020 - 4:00PM
UK Regulatory
TIDMSYME
RNS Number : 2825Z
Supply @ME Capital PLC
17 September 2020
17 September 2020
Supply@Me Capital plc
(The "Company", "SYME" or "Supply@Me")
Response to erroneous media article
Supply@ME Capital plc, the innovative fintech platform which
provides a unique, market leading Inventory Monetisation(c) service
to European manufacturing and trading companies, is aware that a
totally erroneous article reviewing a series of fabricated SYME
forecasts was issued yesterday afternoon. This appeared on more
than one "fake news" website.
SYME wishes to make clear that the article was both inaccurate
and misleading and that it totally dissociates itself with the
content.
The Company notes that, pursuant to its Social Media Policy, it
monitors and reviews online media activity so that where required
it can highlight erroneous information that could cause confusion
and erratic price movements.
The Directors of SYME expect to announce more detailed updates
on its inventory funding and client company origination
partnerships across all regions via the Regulatory News Service of
The London Stock Exchange in the coming days.
Notes
Supply@ME enables businesses to generate cashflow, without
incurring debt, by monetising their existing stock. Before a
business has found an end-customer for its inventory, the Supply@ME
platform enables them to sell ("monetise") their stock and receive
cash immediately to boost their working capital. The Supply@ME
service enables strong companies to improve their working capital
cycle. SYME does not monetise inventory for companies in financial
difficulty or with inventory that they are struggling to sell.
Contacts
Alessandro Zamboni, CEO, Supply@ME Capital plc,
investors@supplymecapital.com
Paul Vann, Walbrook PR Limited: +44 (0)20 7933 8780
Brian Norris, Cicero/AMO, +44 (0)20 7947 5317
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END
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