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Pin to quick picksSupply@me Cap Share News (SYME)

Share Price Information for Supply@me Cap (SYME)

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Supply@ME Continues Development Of Inventory Monetisation Product

Thu, 31st Dec 2020 14:16

(Alliance News) - Supply@ME Capital PLC on Thursday said it continues to move towards further milestones in its inventory monetisation business.

The fintech firm said it and its partner StormHarbour Securities LLP have now completed the legal documentation, process definition and operating structure for a repeatable and scalable securitised investment product.

Supply@ME Capital said eligible client companies are now ready to implement the inventory monetisation process following the approval of the structure and derecognition accounting treatment of the inventory monetisation transaction.

Next steps towards the launch of the securitisation product include negotiations to move from a "single transaction" to a monetisation programme for the whole of 2021, representing a scale-up with a more flexible structure, it said.

Supply@ME shares closed 14% lower in London on Thursday at 0.57 pence each. For the year as a whole, the stock fell 48%.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Supply@Me achieves first Inventory Monetisation transaction

(Alliance News) - Supply@Me Capital PLC on Monday confirmed the success of its first transaction for its Inventory Monetisation product.

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IN BRIEF: Supply@Me raises GBP320,000 in open offer

Supply@Me Capital PLC - London-based inventory monetisation platform - Raises GBP320,885 gross in open offer of 641.7 million shares, and issues 320.9 million open offer warrants. Receives application under excess application facility for 5.3 billion excess shares, which it will scale back pro-rata. Firm's share capital will comprise 42.99 billion shares after the new shares are issued.

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9 Aug 2022 14:30

IN BRIEF: Supply@Me shares up on inventory monetisation transaction

Supply@Me Capital PLC - London-based inventory monetisation platform - Says its client company has signed a binding commitment to carry out its first inventory monetisation transaction. The inventory monetisation solution helps manufacturing and trading businesses generate cash flow, it adds.

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22 Jul 2022 11:15

Supply@Me to raise over GBP320,000 via an open offer to repay loans

(Alliance News) - Supply@Me Capital PLC on Friday said it intends to raise GBP320,855 through an open offer, as part of its "capital enhancement plan".

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18 Jul 2022 19:28

IN BRIEF: Supply@Me raises GBP675,000 via issue of shares

Supply@Me Capital PLC - London-based inventory monetisation platform - Issues third tranche of shares under equity funding facility with Venus Capital SA, with GBP675,000 raised in issue of 1.4 million shares at 0.05 each pence. Will issue Venus one warrant for every two shares in the tranche, for a total of 5.6 million warrants over the three tranches. Warrants are exercisable at 0.065p until December 31 2025. The facility is part of the firm's capital enhancement plan.

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IN BRIEF: Supply@Me wins up to USD10 million in funding from VeChain

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