TIDMSYME
RNS Number : 3096C
Supply @ME Capital PLC
10 October 2022
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE
OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY
SECURITIES.
10 October 2022
Supply@ME Capital plc
(the "Company" or "SYME")
Admission of 9,578,498,083 Secondary Admission Shares and
30,897,410 Open Offer Shares on exercise of Open Offer Warrants
Total Voting Rights
Words and expressions used but not defined in this announcement
shall have the meanings given to them in the Company's prospectus
published on 3 October 2022 (the "Prospectus"), which is available
at:
https://www.supplymecapital.com/wp-content/uploads/2022/10/SYME-Prospectus-Clean91.pdf
.
SYME, the fintech business which provides an innovative fintech
Platform for use by manufacturing and trading companies to access
Inventory Monetisation(c) solutions enabling their businesses to
generate cashflow, announces that it has made applications to the
FCA and the London Stock Exchange for admission to a Standard
Listing and to trading on the Main Market ("Admission") of:
-- 9,578,498,083 Secondary Admission Shares, comprising all
remaining 1,230,000,000 Venus Mandatory Subscription Shares and all
remaining 7,500,000,000 Venus Optional Subscription Shares, being
issued at a price of 0.05 pence per share, raising gross proceeds
for the Company of GBP4,365,000, and 848,498,083 Ordinary Shares
issued to Venus on conversion of GBP417,500 Tranche A Venus CLNs
plus accrued interest (inclusive of GBP61,500 in principal amount
of Tranche A Venus CLNs to be issued and immediately converted, not
attracting interest); and
-- further to the issue of 320,855,008 Open Offer Warrants to
certain Qualifying Shareholders who participated in the Open Offer,
holders of Open Offer Warrants have elected to exercise 30,897,410
Open Offer Warrants. Accordingly, the Company will issue 30,897,410
new Open Offer Shares, and GBP20,084.24 will be received by the
Company as a result of the exercise of such Open Offer
Warrants,
with Admission expected to occur on or around 11 October 2022
.
As detailed in the Prospectus, the Company will also issue to
Venus a total of 2,115,000,000 Venus Warrants, comprising: 1 Venus
Warrant for every 2 Venus Mandatory Subscription Shares; and 1
Venus Warrant for every 5 Venus Optional Subscription Shares. Such
Venus Warrants each have an exercise price of 0.065 pence and are
exercisable at any time up to 31 December 2025.
Accordingly, 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 56,617,688,143 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 56,617,688,143 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.
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
Orrick, Herrington & Sutcliffe (UK) LLP is acting as legal
adviser to SYME.
Notes
SYME 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.
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END
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