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Abal Group Plc LSE:ABAL London Ordinary Share GB00BFMDJC60 ORD 0.002P
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  0.00 0.0% 0.85 0.00 01:00:00
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Software & Computer Services 0.0 -0.7 -5.6 - 1

Supply @ME Capital PLC Appointment of Independent Non-Executive Director

13/06/2022 7:00am

UK Regulatory (RNS & others)


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RNS Number : 6060O

Supply @ME Capital PLC

13 June 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

13 June 2022

Supply@ME Capital plc

(The "Company" or "SYME")

Appointment of new Independent Non-Executive Director

Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation(c) service to manufacturing and trading companies, is pleased to announce that the Board of Directors proposes to appoint Mr Andrew Thomas as an Independent Non-Executive Director with effect from the conclusion of the Company's Annual General Meeting scheduled to take place at 11am on 30 June 2022.

Mr Thomas has over 20 years' experience in various business advisory roles and during this time has worked across the US, UK, EU and APAC regions, acquiring expertise of onshore and offshore fund structuring and oversight, particularly in relation to tax and regulatory issues. He also has extensive experience in mitigating ESG risks while helping organisations to maximise ESG opportunities. His proposed appointment to the Board follows the RNS announcement of 6 June 2022 confirming the proposed appointment of Mr Albert Ganyushin as the Company's new Independent Non-Executive Chairman with effect from the conclusion of the Company's Annual General Meeting.

SYME Chief Executive, Alessandro Zamboni, said:

"We continue to further strengthen the Supply@ME Board and are looking forward to welcoming Andrew to the Company. We are confident that his broad financial experience and specialist funds expertise make him very well suited to helping guide the Company as we move into the next stage of growth. I look forward to working with him."

SYME Independent Non- Executive Director, Andrew Thomas, said:

"I am pleased to be joining Supply@ME as an Independent Non-Executive Director, having been drawn to its unique business model and great potential. I am looking forward to working alongside the current leadership team as the Company continues to grow."

The following information is disclosed pursuant to the QCA Corporate Governance Code and best practice:

Andrew Thomas holds or has held the following directorships, partnerships and roles in the past five years:

 
Current Directorships or Partnerships  Previous Roles 
Transatlantic Regulatory Consulting    Brandywine Global, an operating entity 
                                        of Franklin Templeton, Head of International 
                                        Legal and Chief Compliance Officer 
                                        Europe 
                                       --------------------------------------------- 
                                       Close Brothers Asset Management, 
                                        General Counsel 
                                       --------------------------------------------- 
                                       Katten Muchin Rosenman LLP, Global 
                                        Funds Lawyer 
                                       --------------------------------------------- 
                                       Janus Henderson, Senior Lawyer 
                                       --------------------------------------------- 
                                       Linklaters LLP, Lawyer 
                                       --------------------------------------------- 
 

Mr Thomas does not hold shares in the Company.

There is no further information to be disclosed pursuant to The LSE Standard Listing Rulebook.

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

Chanice Smith, Cicero/AMO, +44 (0)207 947 5328, chanice.smith@cicero-group.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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June 13, 2022 02:00 ET (06:00 GMT)

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