Appointment of new independent Non-Executive Chair

RNS Number : 7706N

Supply @ME Capital PLC

06 June 2022

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN

6 June 2022

Supply@ME Capital plc

(The "Company" or "SYME")

Appointment of new Chair:

Supply@ME appoints Albert Ganyushin as new independent non-executive chairman

Supply@ME Capital plc, the fintech business which provides an innovative Platform for use by manufacturing and trading companies to access Inventory Monetisation© solutions enabling their businesses to generate cashflow, is pleased to announce that the Board of Directors proposes to appoint Albert Ganyushin as a director and new independent non-executive chairman with effect from the conclusion of its Annual General Meeting envisaged by the end of June 2022. He will succeed James Coyle, who stepped down from the role in March of this year.

Mr Ganyushin was appointed as an independent adviser (the "Adviser") to the Company, as stated in the RNS of 4 March 2022 when SYME announced the appointment of the Adviser to complete, inter alia, its strategic review. He has subsequently conducted an assessment of the business focussing on the long-term business objectives and its governance requirements. Mr Ganyushin's knowledge, skills and experience identify him as an excellent candidate to lead the business through its next stage of growth. He will provide leadership, support, and strategic guidance during a period of significant change for the business.

His two-decade career comprises a range of increasingly senior investment and capital markets roles across the US, UK, continental Europe and emerging markets. Mr Ganyushin has a wealth of public markets experience including as Head of International Listings at the New York Stock Exchange and Euronext and Investment Banking at Deutsche Bank. Most recently, Mr Ganyushin has worked as Head of Capital Markets at Dr. Peters Group, an alternative investment and asset manager with a track record of investing and managing over US$8bn in real assets across the transportation infrastructure (shipping and aviation) and specialist real estate. Mr Ganyushin holds an MBA from the London Business School.

SYME Chief Executive, Alessandro Zamboni said:

"I am very pleased to welcome Albert to Supply@ME. He will bring a wealth of capital markets and investment experience and will be a valuable asset when it comes to guiding the Company through its next stage. I look forward to working with him."

SYME Chair, Albert Ganyushin said:

"I am delighted to be joining Supply@ME as its new chair. The opportunity that lies ahead of Supply@ME is clear. I'm looking forward to bringing my experience to help shape the next stage of the development of Supply@ME's unique offering."

The following information is disclosed in respect of Mr Ganvushin pursuant to the Financial Conduct Authority's Listing Rules:

Albert Ganyushin holds or has held the following directorships or partnerships in the past five years:

Current Directorships or Partnerships

Austen Grove Capital Limited

Westcott Hill Capital Limited

Wotton Hill Capital LLP

Past Directorships or Partnerships

Dr. Peters Asset Invest Ltd

Ross Wisconsin AS

Mr Ganyushin does not hold any interests in any shares in the Company.

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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