Supply @ME Capital PLC Issue of Equity & Total Voting Rights (1922Y)
05 Setembro 2022 - 3:00AM
UK Regulatory
TIDMSYME
RNS Number : 1922Y
Supply @ME Capital PLC
05 September 2022
5 September 2022
Supply@ME Capital plc
(the "Company" or "SYME")
Capital Enhancement Plan deployment
Equity issuance under Venus Facility and total voting rights
Supply@ME Capital plc, the fintech business which provides an
innovative fintech platform ("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 fifth mandatory tranche ("Fifth Tranche") of new
ordinary shares of nominal value GBP0.00002 each in the capital of
the Company ("Ordinary Shares") to Venus Capital S.A. ("Venus
Capital"), under the key terms of the equity funding facility
announced in the RNS of 27 April 2022 ("Venus Facility"). The Venus
Facility with Venus Capital forms an integral part of the Company's
Capital Enhancement Plan, also announced in the RNS of 27 April
2022.
It should be noted that Venus was not required to subscribe for
the fourth mandatory tranche under the terms of the Venus Facility,
as the Company's open offer was fully subscribed for by qualifying
shareholders, as announced in the RNS of 18 August 2022.
The Fifth Tranche, comprising 950,000,000 new Ordinary Shares
(the "Fifth Tranche Shares"), will be issued at a price of 0.05
pence per share, raising gross proceeds for the Company of
GBP475,000.
The Company will also issue to Venus Capital:
-- 1 warrant for every 2 Fifth Tranche Shares. Such warrants
each have an exercise price of 0.065 pence and are exercisable at
any time up to 31 December 2025; and
-- GBP47,500 in principal value of unsecured loan notes in order
to settle the fees due to Venus Capital in respect of the Fifth
Tranche. Such unsecured loan notes are convertible into new
Ordinary Shares with a maturity date of 31 December 2025 at an
interest rate of 10% per annum.
The Company has made applications to the Financial Conduct
Authority (the "FCA") and London Stock Exchange plc (the "LSE") to
have the Fifth Tranche 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 6 September 2022
("Admission").
The Company hereby notifies the market, in accordance with the
FCA's Disclosure Guidance and Transparency Rule 5.6.1, that on
Admission, the Company's issued share capital will consist of
43,949,639,784 Ordinary Shares, each with one vote. There are no
shares held in treasury. On Admission, the total number of voting
rights in the Company will be 43,949,639,784 and 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.
Notes
Supply@ME Capital plc and its operating subsidiaries provide a
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
Chris Wimpress, Cicero/AMO, +44 (0)79 7013 7527,
chris.wimpress@cicero-group.com
Ed Saunders, Cicero/AMO, +44 (0)75 1017 4541 ;
ed.saunders@cicero-group.com
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END
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