Supply @ME Capital PLC PDMR/PCA Shareholding: Stock Loans Updates (3347W)
17 August 2022 - 8:05PM
UK Regulatory
TIDMSYME
RNS Number : 3347W
Supply @ME Capital PLC
17 August 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED
KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU
EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF
THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR)
IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
17 August 2022
Supply@ME Capital plc
(The "Company" or "SYME")
PDMR/PCA shareholding: stock loans updates
Further to the Company's announcement of 29 July 2020 ("Stock
Loans RNS") pursuant to which SYME had been notified by 1AF2 Srl
(now called the AvantGarde Group SpA or "TAG") that it had
transferred as loan security a number of SYME shares to three
lending platforms ("Lenders"), the Company has been further updated
by TAG to confirm the maturity dates of each of the loans with the
Lenders:
-- High West Capital Partners LLC (1,615,253,000 SYME shares transferred): 2 June 2023;
-- Stock Loan Solutions LLC (778,571,429 SYME shares transferred): 24 July 2023;
-- Union Pacific Capital Ltd (3,500,000,000 SYME shares transferred): 9 June 2027.
The statement of "minimum period of 2 years" in the Stock Loans
RNS referred to the arrangements with Union Pacific Capital Ltd
which allows TAG to prepay the loan in the first 24 months only
with the prior written consent of Union Pacific Capital and with
Stock Loan Solutions LLC which allows prepayments only after the
second anniversary. No prepayment is permitted under the
arrangements with High West Capital Partners LLC. TAG has also
informed the Company that, as at today, no permitted prepayments
under these arrangements have been made.
Additionally, with reference to the statement included in the
Stock Loans RNS where 1AF2 Srl, subject to regulatory approvals,
was able to offer to invest funds from the capital raised into the
Company's inventory funding process alongside institutions, TAG has
confirmed to the Company that, as at today, no investment has been
made.
For the purposes of UK MAR, the person responsible for arranging
release of this announcement on behalf of SYME is Alessandro
Zamboni, CEO.
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, e
dward.saunders@cicero-group.com
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 warehoused goods
monetisation. This programme will be focused on creditworthy
companies and not those in distress or otherwise seeking to
monetise illiquid inventories.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHPRMMTMTMBBBT
(END) Dow Jones Newswires
August 17, 2022 06:05 ET (10:05 GMT)
Supply@me Capital (LSE:SYME)
Historical Stock Chart
From Mar 2024 to Apr 2024
Supply@me Capital (LSE:SYME)
Historical Stock Chart
From Apr 2023 to Apr 2024