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SYME Supply@me Capital Plc

0.0033
-0.00015 (-4.35%)
04 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Supply@me Capital Plc LSE:SYME London Ordinary Share GB00BFMDJC60 ORD 0.002P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.00015 -4.35% 0.0033 0.0032 0.0034 0.0037 0.0032 0.0035 149,358,391 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 842k -4.35M -0.0001 0.00 2.47M

Supply@ME Capital PLC Exercise of warrants, issue of equity and TVR

19/02/2024 7:00am

RNS Regulatory News


RNS Number : 5234D
Supply@ME Capital PLC
19 February 2024
 

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES.

19 February 2024

Supply@ME Capital plc

(the "Company" or "SYME")

Exercise of Open Offer Warrants, issue of equity and total voting rights

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, is pleased to announce that, further to the issue of 320,855,008 warrants  to certain qualifying shareholders who participated in its open offer which completed on 17 August 2022 (the "Open Offer Warrants"), holders of Open Offer Warrants have elected to exercise 14,772 Open Offer Warrants. Accordingly, the Company will issue 14,772 new ordinary shares of £0.00002 nominal value each ("Ordinary Shares"), and £9.60 will be received by the Company as a result of the exercise of such Open Offer Warrants.

The Company has made applications to the Financial Conduct Authority (the "FCA") and London Stock Exchange plc (the "LSE") to have 14,772 new Ordinary Shares admitted to listing on the standard segment of the Official List of the FCA and to trading on the main market for listed securities of the LSE, respectively, with admission expected to occur on or around 20 February 2024 ("Admission").   

Following Admission, 160,772,802 Open Offer Warrants will remain outstanding, and the Company's issued share capital will comprise 61,232,142,145 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contact information:

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.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.

 

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.
 
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