Abal Share Discussion Threads

[computercoders] 28/9/2019 18:25

Terrible show. Glad I sold before the suspension.

[stark industries] 28/9/2019 18:00

Supply@ME has already clinched more than 300m Euros worth of contracts with Companies and signed agreements with cross-border Financial Partners, supporting the execution of contracts and the target of new goals in the next months

NICE !!! more than 300m Euros worth of contracts £ £ £

About us

Supply@ME is a subsidiary Company of the AvantGarde Group S.p.A. – cross-border “fintech hub” with three active business lines: Regulatory – Technology (“RegTech”), Insurtech, and, through to Supply@ME, the c.d. “Asset-Based” Fintech.
The service model is managed by an innovative Platform that puts together Funders, through a securitisation scheme, and the Companies across the world. The structure works with several domestic Special Purpose Vehicles (“Stock Companies”) that are the commercial counterparties of the Manufacturing and Trading Companies. Behind the service are managed several exponential technologies with the aim of making Supply@ME the best Fintech re Inventory data monitoring system.
Supply@ME has already clinched more than 300m Euros worth of contracts with Companies and signed agreements with cross-border Financial Partners, supporting the execution of contracts and the target of new goals in the next months

Website
hxxp://www.supplyme.tech

Headquarters
Milan, Lombardy

Year Founded
2017

Company Type
Public Company

Size
51-200 employees

Specialties
Inventory financing, Working capital optimisation, Asset based lending, Inventory monitoring

[still waiting] 27/9/2019 22:11

Taken a few months but now we know.



The partnership involves the integration of this application with SIAchain, the private infrastructure created by SIA to support financial institutions, corporates and public administration bodies in the development and implementation, in a secure and protected manner, of innovative applications based on blockchain technology that can count on approximately 570 network nodes in Europe of SIAnet - the high-speed, low latency fiber optic network stretching over 186,000 kilometers. SIAchain makes available a series of business applications designed to meet the needs of specific communities of members registered and approved in a context of transparency, confidentiality and security.

“Thanks to this new partnership with Supply@ME, SIAchain confirms its role as the leading blockchain architecture in Europe, developing and supporting the launch of mission-critical applications, featuring high performance and security, associated with a clear model of governance. This initiative will further enable us to innovate SIAchain, which today is also able to handle applications based on the Hyperledger Fabric platform, as well as those developed on R3’s Corda and Ethereum", commented Daniele Savarè, SIA Innovation & Business Solutions Director.

"Our funders require from us transparency and resilience, in short, reliability. We are delighted to be working with SIA to create the world’s first infrastructure enabling firms to invest - in a highly innovative way offering the highest levels of data assurance - in the key factor for every company: its inventory, the most significant part of their working capital", stated Alessandro Zamboni, CEO of the AvantGarde Group and Supply@ME.

[stark industries] 27/9/2019 14:26

Now that's a Damn good deal

[chimers] 27/9/2019 12:44

6 to be precise.
And then only for it to relist (IF YER LUCKY) at a substantial discount to the suspended price.

[still waiting] 27/9/2019 12:42

calm down dear..

months to wait yet.

[stark industries] 27/9/2019 12:35

Supply@ME has partnered with SIA the only titan European Block Chain player out there.
What do you think is about to happen ....not hard to work that one out.
Anyway not long to wait now
GLA

[still waiting] 27/9/2019 12:31

standard listing.

exciting times.

[stark industries] 27/9/2019 12:30

Supply2ME is the scale up of company The Avantgarde Group (TAG)
The valuation of TAG was in the region of 75 million euros

[stark industries] 27/9/2019 12:28

On filter now Good bye chimers

[chimers] 27/9/2019 12:23

It will drag on suspended now for 6 months as per.

[godolphin] 27/9/2019 12:14

pilkersa - not us I would guess, just a few select institutions. Given we have no idea of the awkwardly named supply@me's value then we can't really judge the potential success. Given the rto price is the old price then I'd be surprised if it's worth more than £10m - otherwise supply@me shareholders end up with over 90%.

[chimers] 27/9/2019 12:06

Trading in the Company's shares on AIM was suspended on 6 August 2019. It is currently anticipated that trading in the Company's shares will not resume until the transaction with Supply@Me is completed and the Company has been successfully admitted to the Standard List.

[chimers] 27/9/2019 12:04

Epsion Capital Limited has been appointed as the placing agent to the Company. John Treacy, a director of the Company, is also a director of Epsion Capital Limited. John Treacy is interested in 30% of the share capital of Epsion Capital Limited. Eight Capital Partners PLC, which is interested in 22.61% of the Company's ordinary shares, is a 70% shareholder of Epsion Capital Limited. Therefore in accordance with AIM Rule 13, John Treacy and Eight Capital are each regarded as related parties and the transaction with Epsion Capital constitutes a related party transaction. Having consulted with the Company's nominated adviser, WH Ireland Limited, the independent director, Simon Charles, considers the terms of Epsion Capital Limited's appointment are fair and reasonable so far as shareholders are concerned.

[chimers] 27/9/2019 12:03

The AvantGarde Group is interested in 92.2% of Supply@ME's issued share capital. Dominic White is a director of Eight Capital Partners PLC which is interested in 22.61% of the Company's ordinary shares. Dominic White is indirectly interested in 42% of the issued share capital of The Avant Garde Group and is therefore a related party of the Company in accordance with AIM Rule 13. Consequently, the proposed acquisition will be subject to, inter alia, agreement from that Company's independent director, Simon Charles, in consultation with the Company's nominated adviser, WH Ireland Limited, that the final terms of the transaction, once they are agreed, are fair and reasonable so far as shareholders are concerned.

[chimers] 27/9/2019 12:02

No cash or other consideration will be payable by the Company. The value of the consideration to be paid, that is to say the number of new ordinary shares to be issued by Abal to the sellers of Supply@ME, will be linked and referable to the terms of the proposed placing to be undertaken by the Company and is currently therefore uncertain.

[chimers] 27/9/2019 12:01

The Agreement, which was entered into on 26 September 2019, provides for the Company to acquire the entire issued and to be issued share capital of Supply@ME from the sellers for a consideration to be settled entirely by the issue of new ordinary shares in the Company. These new ordinary shares will be issued at a price of 0.6756 pence per share, being the volume weighted average price of an Abal ordinary share over the 5 business days preceding the date on which its shares were suspended from trading on AIM.

[pilkersa] 27/9/2019 12:01

Question in my mind is who can subscribe to a placing when a share is suspended