Supply @ME Capital PLC Appointment of New Auditor (8048B)

TIDMSYME

RNS Number : 8048B

Supply @ME Capital PLC

12 October 2020

12 October 2020

Supply@ME Capital plc

(The "Company", "SYME" or "Supply@ME")

Appointment of New Auditor

Supply@ME Capital plc, the innovative fintech platform which provides a unique, market leading Inventory Monetisation (c) service to European manufacturing and trading companies, is pleased to announce that following a competitive tender process, its Board has appointed Crowe U.K. LLP ("Crowe") as the Group's auditor until the Company's next Annual General Meeting, at which their re-appointment will be proposed and voted on by shareholders. Crowe Global is the 8th largest global accountancy network operating in more than 130 countries.

Following the Company's move to the Standard List of the London Stock Exchange, Grant Thornton UK LLP ("GT") declined the invitation to participate in the tender. The Board wishes to thank GT for its services and support.

As required by section 519 of the Companies Act 2006, GT has deposited a statement with the Company confirming that there are no circumstances in connection with its resignation as auditor that should be brought to the attention of the Company's shareholders.

SYME CEO, Alessandro Zamboni, commented:

"We are very pleased to appoint Crowe as our auditor. Their size, international presence and sector awareness should complement very well the Platform's scalability plans and, accordingly, the current Company cross-border expansion."

Notes

Supply@ME enables businesses to generate cashflow, without incurring debt, by monetising their existing stock. Before a business has found an end-customer for its inventory, the Supply@ME platform enables them to sell ("monetise") their stock and receive cash immediately to boost their working capital. The Supply@ME service enables strong companies to improve their working capital cycle. SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell.

Contacts

Alessandro Zamboni, CEO, Supply@ME Capital plc, [e-mail]

Paul Vann, Walbrook PR Limited: [phone]; [e-mail];

Brian Norris, Cicero/AMO, [phone]

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October 12, 2020 06:52 ET (10:52 GMT)