Supply @ME Capital PLC Director/PDMR Shareholding (4985U)

TIDMSYME

RNS Number : 4985U

Supply @ME Capital PLC

29 July 2020

29 July 2020

Supply@Me Capital plc

("SYME") or (the "Company")

PDMR/PCA shareholding

Supply@Me has been notified by 1AF2 Srl ("1AF2"), which holds 23,91% of SYME shares, that it has transferred as loan security a number of SYME shares to three lending platforms as follows ("Lenders").

   -     1,615,253,000 SYME shares transferred to High West Capital Partners LLC 
   -     778,571,429 SYME shares transferred to Stock Loan Solutions LLC 
   -     3,500,000,000 SYME shares transferred to Union Pacific Capital Ltd 

The shares have been transferred to secure loans (the "Loans") to 1AF2 ("the borrower"), with a minimum two-year duration, after which period 1AF2 confirms that it intends to repay the loans. The Loans may be drawn in a series of tranches over one month and Lenders may trade pledged shares to diversify their portfolio concentration risks. Upon repayment, all 5,893,824,429 SYME shares will be returned to the borrower.

SYME has been further informed by 1AF2 that, subject to regulatory approvals, it will offer to invest funds from the capital raised into the Company's inventory funding process alongside institutions (in the Open-Funding and Self-Funding structures) as described in the Trading Update RNS of 27 July 2020.

Mr Zamboni's 18.98% shareholding in SYME held through Orchestra Group remains unchanged.

Alessandro Zamboni is a Director of 1AF2 and 1AF2 is therefore considered to be closely associated with him under the Market Abuse Regulations.

PDMR/PCA FCA Transaction Notification

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             1AF2 Srl 
     -------------------------------  ----------------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------------- 
 a)   Position/status                  PCA of Alessandro Zamboni, CEO of 
                                        SYME 
     -------------------------------  ----------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
     -------------------------------  ----------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                             Supply@Me Capital Plc 
     -------------------------------  ----------------------------------------- 
 b)   LEI                              213800ZY2C2TI2C5WQ61 
     -------------------------------  ----------------------------------------- 
 4.   Details of the transaction(s): section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv)each place where transactions have been 
       conducted 
     -------------------------------------------------------------------------- 
 a)   Description of the Financial     Ordinary shares of 0.002p each in 
       instrument, type of              the share capital of Supply@Me Capital 
       instrument                       plc 
     -------------------------------  ----------------------------------------- 
      Identification code              ISIN: GB00BFMDJC60 
     -------------------------------  ----------------------------------------- 
 b)   Nature of the Transaction        Pledge of shares for loan security 
                                        at market price 
     -------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)               Volume(s) 
       of shares pledged                 0.075 pence            1,615,253,000 
                                          0,09 pence 0.07617 
                                           pence                 778,571,429 
                                                                 3,500,000,000 
                                                               --------------- 
     -------------------------------  ----------------------------------------- 
 d)   Aggregated information           None 
       Aggregated volume Price 
     -------------------------------  ----------------------------------------- 
 e)   Date of the transactions         24 July 2020 (High West Capital Partners 
                                        LLC) 
                                        28 July 2020 (Stock Loan Solutions 
                                        LLC) 
                                        28 July 2020 (Union Pacific Ltd) 
     -------------------------------  ----------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, UK 
     -------------------------------  ----------------------------------------- 
 

Alessandro Zamboni, CEO, Supply@ME Capital plc

Paul Vann, Walbrook PR Limited: [phone]

Brian Norris, Cicero/AMO, [phone]

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 [e-mail] or visit www.rns.com.

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July 29, 2020 07:18 ET (11:18 GMT)