Supply @ME Capital PLC Second tranche of shares issued to Venus Capital (9091K)

TIDMSYME

RNS Number : 9091K

Supply @ME Capital PLC

10 May 2022

10 May 2022

Supply@ME Capital plc

(The "Company" or "SYME")

Capital Enhancement Plan deployment

Second tranche of new ordinary shares issued under equity funding facility with Venus Capital SA

Supply@ME Capital plc, the fintech business which provides an innovative Platform for use by manufacturing and trading companies to access Inventory Monetisation(c) solutions enabling their businesses to generate cashflow, announces that it is to issue the second mandatory tranche of new ordinary shares in the Company to Venus Capital SA ("Venus Capital"), under the key terms of the equity funding facility announced in the RNS of 27 April 2022. The equity funding facility with Venus Capital forms an integral part of the Company's Capital Enhancement Plan, also announced in the RNS of 27 April 2022.

The second tranche, comprising 550,000,000 new ordinary shares, will be issued at a price of 0.0005 pence per share, raising gross proceeds for the Company of GBP275,000.

Application has been made to the Financial Conduct Authority and to the London Stock Exchange for admission of such ordinary shares to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities, respectively ("Admission"). It is expected that Admission will occur at 8.00am on or around 11 May 2022.

The Company will additionally issue to Venus Capital 1 Warrant for every 2 Shares comprised in the tranche. The exercise price of the warrants is 0.065p with the warrants exercisable at any time up to 31 December 2025.

Following the issue of the second tranche, the Company's issued share capital will comprise 40,789,339,950 ordinary shares.

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, [e-mail]

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

Brian Norris, Cicero/AMO, [phone]; [e-mail]

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May 10, 2022 03:41 ET (07:41 GMT)