Supply @ME Capital PLC Second tranche of shares issued to Venus Capital (9982K)
10 Maio 2022 - 12:38PM
UK Regulatory
TIDMSYME
RNS Number : 9982K
Supply @ME Capital PLC
10 May 2022
REPLACEMENT RNS
The following amendment has been made to the announcement
released by RNS at 7.00am today, 10 May 2022 under RNS No 9091K on
behalf of Supply@ME Capital plc entitled: Capital Enhancement Plan
deployment; Second tranche of new ordinary shares issued under
equity funding facility with Venus Capital SA.
The original RNS stated:
"The second tranche, comprising 550,000,000 new ordinary shares,
will be issued at a price of 0.0005 pence per share, raising gross
proceeds for the Company of GBP275,000.
The issue price of the new shares should have been stated as
0.05 pence per share,
All other details remain unchanged.
The full amended text is shown below .
10 May 2022
Supply@ME Capital plc
(The "Company" or "SYME")
Capital Enhancement Plan deployment
Second tranche of new ordinary shares issued under equity
funding facility with Venus Capital SA
Supply@ME Capital plc, the fintech business which provides an
innovative Platform for use by manufacturing and trading companies
to access Inventory Monetisation(c) solutions enabling their
businesses to generate cashflow, announces that it is to issue the
second mandatory tranche of new ordinary shares in the Company to
Venus Capital SA ("Venus Capital"), under the key terms of the
equity funding facility announced in the RNS of 27 April 2022. The
equity funding facility with Venus Capital forms an integral part
of the Company's Capital Enhancement Plan, also announced in the
RNS of 27 April 2022.
The second tranche, comprising 550,000,000 new ordinary shares,
will be issued at a price of 0.05 pence per share, raising gross
proceeds for the Company of GBP275,000.
Application has been made to the Financial Conduct Authority and
to the London Stock Exchange for admission of such ordinary shares
to the standard segment of the Official List and to trading on the
London Stock Exchange's main market for listed securities,
respectively ("Admission"). It is expected that Admission will
occur at 8.00am on or around 11 May 2022.
The Company will additionally issue to Venus Capital 1 Warrant
for every 2 Shares comprised in the tranche. The exercise price of
the warrants is 0.065p with the warrants exercisable at any time up
to 31 December 2025.
Following the issue of the second tranche, the Company's issued
share capital will comprise 40,789,339,950 ordinary shares.
Notes
Supply@ME Capital PLC and its operating subsidiaries (together
the "Group") provide an innovative fintech platform (the
"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.
Contacts
Alessandro Zamboni, CEO, Supply@ME Capital plc,
investors@supplymecapital.com
Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780;
paul.vann@walbrookpr.com
Brian Norris, Cicero/AMO, +44 (0)20 7947 5317;
brian.norris@cicero-group.com
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END
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May 10, 2022 11:38 ET (15:38 GMT)
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