TIDMSYME

RNS Number : 5271T

Supply @ME Capital PLC

25 July 2022

25 July 2022

Supply@ME Capital plc

(The "Company" or "SYME")

Director/PDMR Notification

SYME announces that the Company issued 106,762,760 new ordinary shares to each of Tom James, Chief Executive Officer and Chief Investment Officer of TradeFlow Capital Management ("TradeFlow"), and John Collis, Chief Risk Officer and Head of Compliance at TradeFlow, who are both executive directors of SYME, in relation to settlement of post-acquisition earn out payments for the financial year ended 31 December 2021.

The information contained in this notification is disclosed in accordance with the requirements of Regulation ((EU) 596/2014), which is part of UK domestic law by virtue of Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310) ("UK MAR").

 
 1     Details of the Director 
 a)    Name                               Thomas James 
      ---------------------------------  ----------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------  ----------------------------------------------------------- 
 a)    Position/status                    Executive Director 
      ---------------------------------  ----------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------- 
 3     Details of the issuer, emission 
        allowance market participant, 
        auction platform, auctioneer 
        or auction monitor 
      ---------------------------------  ----------------------------------------------------------- 
 a)    Name                               Supply@ME Capital plc 
      ---------------------------------  ----------------------------------------------------------- 
 b)    LEI                                213800ZY2C2TI2C5WQ61 
      ---------------------------------  ----------------------------------------------------------- 
 4     Details of the transaction(s): 
      ---------------------------------  ----------------------------------------------------------- 
 a)    Description of the financial       Ordinary shares 
        instrument, type of instrument 
      ---------------------------------  ----------------------------------------------------------- 
       Identification code                GB00BFMDJC60 
      ---------------------------------  ----------------------------------------------------------- 
 b)    Nature of transaction              Issue of shares to satisfy 
                                           the cash liability under the 
                                           earn out agreement 
      ---------------------------------  ----------------------------------------------------------- 
 c)    Currency                           GBP - British Pound 
      ---------------------------------  ----------------------------------------------------------- 
  Price(s) and                            0.01 
 --------------------------------------  ----------------------------------------------------------- 
  volume(s)                               106762760 
 --------------------------------------  ----------------------------------------------------------- 
       Aggregated information 
 d)     - Aggregated volume                                                                106762760 
      ---------------------------------  ----------------------------------------------------------- 
  - Price                                 GBP1,067,627.60 
 --------------------------------------  ----------------------------------------------------------- 
 e)    Date of the transaction            20 July 2022 
      ---------------------------------  ----------------------------------------------------------- 
 f)    Place of the transaction           Outside a trading venue 
      ---------------------------------  ----------------------------------------------------------- 
 
 
 1     Details of the Director 
 a)    Name                               John Collis 
      ---------------------------------  ------------------------------ 
 2     Reason for the notification 
      ---------------------------------  ------------------------------ 
 a)    Position/status                    Executive Director 
      ---------------------------------  ------------------------------ 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ------------------------------ 
 3     Details of the issuer, emission 
        allowance market participant, 
        auction platform, auctioneer 
        or auction monitor 
      ---------------------------------  ------------------------------ 
 a)    Name                               Supply@ME Capital plc 
      ---------------------------------  ------------------------------ 
 b)    LEI                                213800ZY2C2TI2C5WQ61 
      ---------------------------------  ------------------------------ 
 4     Details of the transaction(s): 
      ---------------------------------  ------------------------------ 
 a)    Description of the financial       Ordinary shares 
        instrument, type of instrument 
      ---------------------------------  ------------------------------ 
       Identification code                GB00BFMDJC60 
      ---------------------------------  ------------------------------ 
 b)    Nature of transaction              issue of shares to satisfy 
                                           the cash liability under the 
                                           earn out agreement 
      ---------------------------------  ------------------------------ 
 c)    Currency                           GBP - British Pound 
      ---------------------------------  ------------------------------ 
  Price(s) and                            0.01 
 --------------------------------------  ------------------------------ 
  volume(s)                               106762760 
 --------------------------------------  ------------------------------ 
       Aggregated information 
 d)     - Aggregated volume               106762760 
      ---------------------------------  ------------------------------ 
  - Price                                 GBP1,067,627.60 
 --------------------------------------  ------------------------------ 
 e)    Date of the transaction            20 July 2022 
      ---------------------------------  ------------------------------ 
 f)    Place of the transaction           Outside a trading venue 
      ---------------------------------  ------------------------------ 
 

For the purposes of UK MAR, the person responsible for arranging release of this Announcement on behalf of SYME is Alessandro Zamboni, CEO.

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

Chanice Smith, Cicero/AMO, +44 (0)20 7947 5317; chanice.smith@cicero-group.com

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.

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END

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July 25, 2022 02:00 ET (06:00 GMT)

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