TIDMSYME
RNS Number : 4460W
Supply @ME Capital PLC
18 August 2022
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE
OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY
ORDINARY SHARES OR WARRANTS.
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.
18 August 2022
Supply@ME Capital plc
(the "Company" or "SYME")
Result of Open Offer
SYME, 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 the results of the open offer for
new ordinary shares of nominal value GBP0.00002 each in the capital
of SYME ("Ordinary Shares") (the "Open Offer") made to shareholders
of SYME on 22 July 2022.
The Company has received valid acceptances from Qualifying
Shareholders and applications under the Excess Application Facility
in excess of the 641,710,082 Open Offer Shares made available to
Shareholders in the Open Offer. Accordingly, the Company will allot
and issue a total 641,710,082 Open Offer Shares together with Open
Offer Warrants over 320,855,041 Ordinary Shares to Qualifying
Shareholders. The Open Offer has raised gross proceeds of
GBP320,855.04 (and net proceeds of GBP269,855.04).
The Company received valid acceptances from Qualifying
Shareholders in respect of 369,122,494 Open Offer Shares pursuant
to the Open Offer Entitlements. In addition, the Company has
received applications from Qualifying shareholders under the Excess
Application Facility in respect of 5,334,122,228 Excess Shares.
In accordance with the terms of the Open Offer, as the Excess
Application Facility was oversubscribed, the applications from
Qualifying Shareholders for Excess Shares have been scaled back pro
rata to the number of Excess Shares which Qualifying Shareholders
applied for, and any monies received in respect of unsuccessful
applications for Excess Shares as a result of such reduction will
be returned to the relevant Shareholders.
As all available Open Offer Shares have been subscribed for by
Qualifying Shareholders, Venus Capital SA will not subscribe for
any Open Offer Shares (in the form of Fourth Tranche Subscription
Shares).
The Company will apply to the London Stock Exchange for the
admission of 641,710,082 Open Offer Shares to a Standard Listing
and to trading on the Main Market. It is expected that Admission
will become effective and that dealings will commence at 8.00 a.m.
on 22 August 2022.
Following the allotment and issue of the Open Offer Shares, the
Company's issued share capital will comprise 42,994,575,554
Ordinary Shares. 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.
A copy of the Circular is available from the Company's website:
https://www.supplymecapital.com/ .
Words and expressions defined in the Circular shall, unless the
context provides otherwise, have the same meanings in this
announcement.
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,
edward.saunders@cicero-group.com
Notes
Supply@ME Capital plc and its operating subsidiaries 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.
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END
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