Supply @ME Capital PLC Total Voting Rights (4161B)
01 October 2022 - 01:18AM
UK Regulatory
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.
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END
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