THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR
ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE
ACQUIRE ANY SECURITIES.
9 July 2024
Supply@ME Capital
plc
(the
"Company" or "SYME")
Exercise of Open Offer
Warrants, issue of equity 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© ("IM") solutions enabling their
businesses to generate cashflow, is pleased to announce that,
further to the issue of 320,855,008 warrants to certain qualifying
shareholders who participated in its open offer which completed on
17 August 2022 (the "Open Offer
Warrants"), holders of Open Offer Warrants have elected to
exercise 8,869 Open Offer Warrants. Accordingly, the Company will
issue 8,869 new ordinary shares of £0.00002 nominal value each
("Ordinary Shares"), and
£5.77 will be received by the Company as a result of the exercise
of such Open Offer Warrants.
The Company has made applications to
the Financial Conduct Authority (the "FCA") and London Stock Exchange plc
(the "LSE") to have 8,869
new Ordinary 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 10 July 2024 ("Admission").
Following Admission, 160,763,933
Open Offer Warrants will remain outstanding, and the Company's
issued share capital will comprise 71,732,151,014 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.
Contact information:
Alessandro Zamboni, CEO, Supply@ME
Capital plc, investors@supplymecapital.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.