Supply @ME Capital PLC Exercise of Warrants, Issue of Equity and TVR (2778A)
September 22 2022 - 2:01AM
UK Regulatory
TIDMSYME
RNS Number : 2778A
Supply @ME Capital PLC
22 September 2022
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE
OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY
SECURITIES.
22 September 2022
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(c) ("IM") solutions
enabling their businesses to generate cashflow, is pleased to
announce that, further to the issue of 320,855,008 warrants (1) 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 1,608,176
Open Offer Warrants. Accordingly, the Company will issue 1,608,176
new ordinary shares of GBP0.00002 nominal value each ("Ordinary
Shares"), and GBP1,045.34 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 the London Stock Exchange plc (the "LSE")
to have 1,608,176 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 23 September 2022
("Admission").
Following Admission, 306,124,214 Open Offer Warrants will remain
outstanding, and the Company's issued share capital will comprise
43,959,306,348 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.
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.
(1) Shareholders should note that the Company has been informed
by its registrar, Neville Registrars Limited, that the figure of
320,855,041 Open Offer Warrants initially notified by the Company
to the market by way of RNS on 18 August 2022, and subsequently by
way of RNS on 31 August 2022, was 50% of the number of Open Offer
Shares (given the 2:1 ratio specified in the associated shareholder
circular), but that such figure did not cater for fractional
rounding (a de minimis discrepancy of 33 Open Offer Warrants). For
the avoidance of doubt, only 320,855,008 Open Offer Warrants have
been issued by the Company.
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