Admission and Exercise of Open Offer Warrants

Supply @ME Capital PLC

04 May 2023

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, ITS STATES, TERRITORIES AND POSSESSIONS, AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

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

4 May 2023

Supply@ME Capital plc

(the "Company" or "SYME")

Publication of Supplementary Prospectus

Admission of 3,375,000,000 Initial Tranche Subscription Shares and 227 Open Offer Shares on exercise of Open Offer Warrants

Total Voting Rights

Words and expressions used but not defined in this announcement shall have the meanings given to them in the Company's announcement issued on 28 April 2023 entitled "2022 Annual Report and Accounts and Financing" (the "Prior Announcement").

SYME, the fintech business which provides an innovative fintech Platform for use by manufacturing and trading companies to access Inventory Monetisation© solutions enabling their businesses to generate cashflow, announces that it has today:

·    made available an electronic copy of the Supplementary Prospectus for inspection on the Company's website at https://www.supplymecapital.com/investors/;

·    submitted an electronic copy of the Supplementary Prospectus to the National Storage Mechanism maintained by the FCA, which will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism; and

·    made applications to the FCA and the London Stock Exchange for admission to a Standard Listing and to trading on the Main Market ("Admission") of:

o  3,375,000,000 Initial Tranche Subscription Shares, being issued at a price of 0.05 pence per share, raising gross proceeds for the Company of £1,687,500 (or £1,603,125 net of a 5% commission chargeable by Venus); and

o  further to the issue of 320,855,008 Open Offer Warrants to certain Qualifying Shareholders who participated in the Open Offer, holders of Open Offer Warrants have elected to exercise 227 Open Offer Warrants. Accordingly, the Company will issue 227 new Open Offer Shares, and £0.15 will be received by the Company as a result of the exercise of such Open Offer Warrants, with Admission expected to occur on or around 5 May 2023.

As detailed in the Prior Announcement, the Company will also issue to Venus a total of 1,687,500,000 warrants in respect of the Initial Tranche of Subscription Shares, comprising New Warrants; 1 warrant for every 2 Initial Tranche Subscription Shares. Such warrants each have an exercise price of 0.065 pence and are exercisable at any time up to 31 December 2026.

Accordingly, the Company hereby notifies the market, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, that on Admission of the 3,375,000,227 new Ordinary Shares, the Company's issued share capital will consist of 59,998,930,137 Ordinary Shares, each with one vote. There are no shares held in treasury. On Admission, the total number of voting rights in the Company will be 59,998,930,137 and 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, [e-mail]

MHP Group, [e-mail]

Orrick, Herrington & Sutcliffe (UK) LLP is acting as legal adviser to SYME.

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 warehoused goods waiting to be sold to end-customers or goods 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 warehoused goods monetisation. This programme will be focused on creditworthy companies and not those in distress or otherwise seeking to monetise illiquid inventories.

 

END