TIDMSYME

RNS Number : 1922Y

Supply @ME Capital PLC

05 September 2022

5 September 2022

Supply@ME Capital plc

(the "Company" or "SYME")

Capital Enhancement Plan deployment

Equity issuance under Venus Facility and total voting rights

Supply@ME Capital plc, the fintech business which provides an innovative fintech platform ("Platform") for use by manufacturing and trading companies to access Inventory Monetisation(c) solutions enabling their businesses to generate cashflow, announces that it is to issue the fifth mandatory tranche ("Fifth Tranche") of new ordinary shares of nominal value GBP0.00002 each in the capital of the Company ("Ordinary Shares") to Venus Capital S.A. ("Venus Capital"), under the key terms of the equity funding facility announced in the RNS of 27 April 2022 ("Venus Facility"). The Venus Facility with Venus Capital forms an integral part of the Company's Capital Enhancement Plan, also announced in the RNS of 27 April 2022.

It should be noted that Venus was not required to subscribe for the fourth mandatory tranche under the terms of the Venus Facility, as the Company's open offer was fully subscribed for by qualifying shareholders, as announced in the RNS of 18 August 2022.

The Fifth Tranche, comprising 950,000,000 new Ordinary Shares (the "Fifth Tranche Shares"), will be issued at a price of 0.05 pence per share, raising gross proceeds for the Company of GBP475,000.

The Company will also issue to Venus Capital:

-- 1 warrant for every 2 Fifth Tranche Shares. Such warrants each have an exercise price of 0.065 pence and are exercisable at any time up to 31 December 2025; and

-- GBP47,500 in principal value of unsecured loan notes in order to settle the fees due to Venus Capital in respect of the Fifth Tranche. Such unsecured loan notes are convertible into new Ordinary Shares with a maturity date of 31 December 2025 at an interest rate of 10% per annum.

The Company has made applications to the Financial Conduct Authority (the "FCA") and London Stock Exchange plc (the "LSE") to have the Fifth Tranche Shares admitted to listing on the standard segment of the Official List of the FCA and to trading on the main market for listed securities of the LSE, respectively, with admission expected to occur on or around 6 September 2022 ("Admission").

The Company hereby notifies the market, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, that on Admission, the Company's issued share capital will consist of 43,949,639,784 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 43,949,639,784 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.

Notes

Supply@ME Capital plc and its operating subsidiaries provide a 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

Chris Wimpress, Cicero/AMO, +44 (0)79 7013 7527, chris.wimpress@cicero-group.com

Ed Saunders, Cicero/AMO, +44 (0)75 1017 4541 ; ed.saunders@cicero-group.com

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September 05, 2022 02:00 ET (06:00 GMT)

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