TIDMSYME

RNS Number : 4161B

Supply @ME Capital PLC

30 September 2022

30 September 2022

Supply@ME Capital plc

(the "Company" or "SYME")

Companies House Filings and Total Voting Rights

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation(c) solutions enabling their businesses to generate cashflow, is pleased to provide an update to the announcement made on 18 July 2022 regarding a discrepancy in the number of ordinary shares of nominal value GBP0.00002 each in the capital of the Company ("Ordinary Shares") in issue recorded at Companies House, and to the statement made in the Company's consolidated financial statements for the year ended 31 December 2021 regarding the formal filing of independent valuation reports that supported the Ordinary Shares issued for non-cash consideration on 7 July 2021.

The discrepancy has now been corrected and the independent valuation reports filed with Companies House.

With regards to the discrepancy in the number of Ordinary Shares, contrary to the Company's announcement made on 18 July 2022, an additional issue and allotment of 2 Ordinary Shares has not been required as the discrepancy was due to an administrative rounding error made in the Company's previous announcements relating to its issued share capital, which was notified to Companies House, and not in relation to the actual number of Ordinary Shares issued and allotted. The same administrative rounding error had also been made in relation to the number of Ordinary Shares admitted to listing on the standard segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of London Stock Exchange plc (the "LSE"), which the Company has now corrected having made the necessary filings with the FCA and the LSE, respectively.

Furthermore, the Company hereby notifies the market, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, that the Company's issued share capital as at 30 September 2022 comprises 43,959,306,348 Ordinary Shares, each with one vote. There are no shares held in treasury.

The total number of voting rights in the Company is 43,959,306,348 and this figure may be used by shareholders as the denominator for 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.

Enquiries

Investors & Analysts:

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com

Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780; paul.vann@walbrookpr.com

Media:

Nicole Louis, MHP, Nicole.Louis@mhpc.com

Notes

SYME and its operating subsidiaries provide its 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.

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

TVRMZGFLKGKGZZM

(END) Dow Jones Newswires

September 30, 2022 11:18 ET (15:18 GMT)

Supply@me Capital (LSE:SYME)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Supply@me Capital Charts.
Supply@me Capital (LSE:SYME)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Supply@me Capital Charts.