Supply @ME Capital PLC Appointment of new independent Non-Executive Chair (7706N)
06 June 2022 - 4:02PM
UK Regulatory
TIDMSYME
RNS Number : 7706N
Supply @ME Capital PLC
06 June 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 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 INSIDE INFORMATION IS
CONSIDERED TO BE IN THE PUBLIC DOMAIN
6 June 2022
Supply@ME Capital plc
(The "Company" or "SYME")
Appointment of new Chair:
Supply@ME appoints Albert Ganyushin as new independent
non-executive chairman
Supply@ME Capital plc, 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 the
Board of Directors proposes to appoint Albert Ganyushin as a
director and new independent non-executive chairman with effect
from the conclusion of its Annual General Meeting envisaged by the
end of June 2022. He will succeed James Coyle, who stepped down
from the role in March of this year.
Mr Ganyushin was appointed as an independent adviser (the
"Adviser") to the Company, as stated in the RNS of 4 March 2022
when SYME announced the appointment of the Adviser to complete,
inter alia, its strategic review. He has subsequently conducted an
assessment of the business focussing on the long-term business
objectives and its governance requirements. Mr Ganyushin's
knowledge, skills and experience identify him as an excellent
candidate to lead the business through its next stage of growth. He
will provide leadership, support, and strategic guidance during a
period of significant change for the business.
His two-decade career comprises a range of increasingly senior
investment and capital markets roles across the US, UK, continental
Europe and emerging markets. Mr Ganyushin has a wealth of public
markets experience including as Head of International Listings at
the New York Stock Exchange and Euronext and Investment Banking at
Deutsche Bank. Most recently, Mr Ganyushin has worked as Head of
Capital Markets at Dr. Peters Group, an alternative investment and
asset manager with a track record of investing and managing over
US$8bn in real assets across the transportation infrastructure
(shipping and aviation) and specialist real estate. Mr Ganyushin
holds an MBA from the London Business School.
SYME Chief Executive, Alessandro Zamboni said:
"I am very pleased to welcome Albert to Supply@ME. He will bring
a wealth of capital markets and investment experience and will be a
valuable asset when it comes to guiding the Company through its
next stage. I look forward to working with him."
SYME Chair, Albert Ganyushin said:
"I am delighted to be joining Supply@ME as its new chair. The
opportunity that lies ahead of Supply@ME is clear. I'm looking
forward to bringing my experience to help shape the next stage of
the development of Supply@ME's unique offering."
The following information is disclosed in respect of Mr
Ganvushin pursuant to the Financial Conduct Authority's Listing
Rules:
Albert Ganyushin holds or has held the following directorships
or partnerships in the past five years:
Current Directorships or Partnerships
Austen Grove Capital Limited
Westcott Hill Capital Limited
Wotton Hill Capital LLP
Past Directorships or Partnerships
Dr. Peters Asset Invest Ltd
Ross Wisconsin AS
Mr Ganyushin does not hold any interests in any shares in the
Company.
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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