Total Voting Rights

RNS Number : 4161B

Supply @ME Capital PLC

30 September 2022

 

30 September 2022

Supply@ME Capital plc

(the "Company" or "SYME")

Companies House Filings 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© solutions enabling their businesses to generate cashflow, is pleased to provide an update to the announcement made on 18 July 2022 regarding a discrepancy in the number of ordinary shares of nominal value £0.00002 each in the capital of the Company ("Ordinary Shares") in issue recorded at Companies House, and to the statement made in the Company's consolidated financial statements for the year ended 31 December 2021 regarding the formal filing of independent valuation reports that supported the Ordinary Shares issued for non-cash consideration on 7 July 2021.

The discrepancy has now been corrected and the independent valuation reports filed with Companies House.

With regards to the discrepancy in the number of Ordinary Shares, contrary to the Company's announcement made on 18 July 2022, an additional issue and allotment of 2 Ordinary Shares has not been required as the discrepancy was due to an administrative rounding error made in the Company's previous announcements relating to its issued share capital, which was notified to Companies House, and not in relation to the actual number of Ordinary Shares issued and allotted. The same administrative rounding error had also been made in relation to the number of Ordinary Shares admitted to listing on the standard segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of London Stock Exchange plc (the "LSE"), which the Company has now corrected having made the necessary filings with the FCA and the LSE, respectively.

Furthermore, the Company hereby notifies the market, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, that the Company's issued share capital as at 30 September 2022 comprises 43,959,306,348 Ordinary Shares, each with one vote. There are no shares held in treasury.

The total number of voting rights in the Company is 43,959,306,348 and this figure may be used by shareholders as the denominator for 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.

Enquiries

Investors & Analysts:

Alessandro Zamboni, CEO, Supply@ME Capital plc, [e-mail]

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

Media:

Nicole Louis, MHP,  [e-mail]

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. 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.

 

END

 

 

TVRMZGFLKGKGZZM