THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF DOMESTIC
LAW OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
("UK") PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS (SI 2019/310)
("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE
INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
20
January 2025
Supply@ME Capital
plc
(the
"Company",
"Supply@ME" or
"SYME" and, together with
its subsidiaries, the "SYME
Group")
Director's Other External
Appointments
The Company notes the announcement
by Nuburu, Inc. ("Nuburu")
(NYSE American: BURU) on 17 January 2025 regarding appointing
Alessandro Zamboni as Executive Chairman of Nuburu (the
"Appointment").
The Supply@Me Nominations Committee
(the "Nominations
Committee" or "NomCo") reviewed the proposed
Appointment ahead of it being announced and agreed for Alessandro Zamboni to
undertake new responsibilities within his previously approved role
of a Class I director announced by Nuburu on 3 May 2024.
The Nominations Committee governs
the number and type of external appointments held by each director
of SYME. Under the NomCo terms of reference a director of the
Company should only take additional external appointments or other
significant appointments with prior approval.
Alessandro Zamboni represented to
the Company that he does not anticipate this Appointment will
impact the time he commits to SYME Group due to the nature of
responsibilities under the Appointment and due to the fact that the
time required by other commitments he has previously held is being
reduced and replaced by the responsibilities under the Appointment.
Furthermore, he reiterated his full commitment to his role as Chief
Executive Officer of Supply@Me and Sole Director of the Italian
subsidiaries and agreed with the Nominations Committee that such
commitment will be subject to on-going periodic review by Nomco. On
this basis the Nominations Committee approved the
Appointment.
For the purposes of UK MAR, the
person responsible for arranging release of this announcement on
behalf of SYME is Alessandro Zamboni, CEO.
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.
