Buy
Sell
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
  0.00 0.0% 0.51 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.0 -0.7 -5.6 - 122

Supply @ME Capital PLC Temporary Suspension

21/01/2021 7:32am

UK Regulatory (RNS & others)


Supply@me Capital (LSE:SYME)
Historical Stock Chart


From Jan 2021 to Mar 2021

Click Here for more Supply@me Capital Charts.

TIDMSYME

RNS Number : 4349M

Supply @ME Capital PLC

21 January 2021

21 January 2021

Supply@ME Capital plc

(The "Company" or "SYME")

Temporary suspension while financial statements are completed

Further to the Company's announcement of 19 January, 2021, detailing a change to its Accounting Reference Date to 31 December and a revised financial reporting calendar, SYME is now requesting a suspension of the listing of its shares pending publication of its 31 December 2019 year-end Accounts and its 2020 Interim Results for the six months ended 30 June 2020.

A Standard Listing requires the publication of audited accounts for contiguous periods for continuity and comparison purposes. The publication of the 31 December 2019 accounts, which cover a Statutory accounting period prior to SYME's RTO and Admission to The Standard List in March 2020, are intended to meet this requirement. However, in changing the Company's accounting reference date, SYME is technically in breach of the Disclosure Guidance and Transparency Rules (DTR) regarding the timing of these financial statement announcements.

For this reason, the Company is requesting its shares be temporarily suspended from 7.30am today. The Company will seek a restoration of its listing immediately following publication of its audited Accounts for the year ended 31 December 2019 and Interim Results for the six months ended 30 June 2020, which are both expected before 31 January 2021.

It should be noted that prior to the shortening of the accounting reference period announced on 19 January, SYME was not in breach of either the Companies Act 2006 requirements or the DTR as to the timing for the filing of accounts and remains in full compliance with Companies Act 2006 accounts filing requirements.

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, investors@supplymecapital.com

Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780; paul.vann@walbrookpr.com

Brian Norris, Cicero/AMO, +44 (0)20 7947 5317

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

SUSPPUQPGUPGUQG

(END) Dow Jones Newswires

January 21, 2021 02:32 ET (07:32 GMT)

1 Year Supply@me Capital Chart

1 Year Supply@me Capital Chart

1 Month Supply@me Capital Chart

1 Month Supply@me Capital Chart
ADVFN Advertorial
Your Recent History
LSE
SYME
Supply@me ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210306 18:19:58