Supply@ME Capital PLC Transfer of Warrants (3786U)
23 Novembro 2023 - 4:00AM
UK Regulatory
TIDMSYME
RNS Number : 3786U
Supply@ME Capital PLC
23 November 2023
23 November 2023
Supply@ME Capital plc
(the "Company" or "SYME")
Transfer of Warrants
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, today announces
that the entire holding of 961,832,433 warrants (each exercisable
into one new ordinary share of nominal value GBP0.00002 each in the
capital of the Company) in aggregate (the "Warrants") previously
issued to of Mercator Capital Management Fund LP ("Mercator")
pursuant to seven warrant instruments executed by the Company, cast
as deed polls, between 1 October 2021 and 14 July 2022 (the
"Warrant Instruments") have been transferred (the "Transfer") by
Mercator to an independent third party purchaser (the
"Transferee").
A summary of the key terms of the Warrants are set out in the
table below:
Date of issue Maturity date Number of Warrants Exercise price
01/10/2021 01/10/2024 443,726,031 GBP0.00316
--------------- ------------------- ---------------
01/11/2021 01/11/2024 29,197,856 GBP0.00314
--------------- ------------------- ---------------
01/12/2021 01/12/2024 49,867,625 GBP0.00184
--------------- ------------------- ---------------
04/01/2022 04/01/2025 77,763,767 GBP0.00174
--------------- ------------------- ---------------
02/02/2022 02/02/2025 79,179,799 GBP0.00171
--------------- ------------------- ---------------
04/03/2022 04/03/2025 105,948,198 GBP0.00128
--------------- ------------------- ---------------
14/07/2022 14/07/2025 176,149,157 GBP0.00085
--------------- ------------------- ---------------
Total 961,832,433
------------------- ---------------
The Company has confirmed that the Transferee is neither an
affiliate of Mercator, nor a person closely associated of any
person discharging managerial responsibilities of the Company for
the purposes of Regulation 2014/596/EU, which is part of the
domestic law of the United Kingdom of Great Britain and Northern
Ireland pursuant to the Market Abuse (Amendment) (EU Exit)
Regulations (SI 2019/310)).
Under the terms of the Warrant Instruments, the Warrants may
only be transferred to affiliates of the holder of the Warrants
from time to time. The Company authorised the Transfer in
accordance with the modification provisions in the Warrant
Instruments on this occasion, but, going forwards, the terms of the
Warrant Instruments shall continue to preclude transfer to
non-affiliates of the holder of the Warrants without the consent of
the Company. The new certificates in respect of the Warrants will
be sent to the Transferee shortly.
Contact information:
Alessandro Zamboni, CEO, Supply@ME Capital plc,
investors@supplymecapital.com
MHP Group, SupplyME@mhpgroup.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.
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END
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November 23, 2023 02:00 ET (07:00 GMT)
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