RE: This is SOLID23 Dec 2020 01:44
London South East
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dickie3times
Posted in: SYME
Posts: 1,089
Price: 0.516
No Opinion
RE: This is SOLID23 Dec 2020 01:40
As predicted AZ will drip feed news with the best last. Three more RNS' IMO before end of year to gain maXimum buying effect
dickie3times
Posted in: SYME
Posts: 1,089
Price: 0.516
No Opinion
RE: Whos that Troll under my bridge?23 Dec 2020 01:29
A few on that list are too stupid to be qualified as trolls....just not bright or artful enough.
dickie3times
Posted in: SYME
Posts: 1,089
Price: 0.516
No Opinion
RE: SYME NEWS COMING22 Dec 2020 18:53
After the Rns today which i thought was good but probably much bettercto come this week and next. Two more RNS' with an outside chance of three before year end. Most eXciting share at the moment
Another looksie...
Rns Syme
The Company announced on 21 September, 2020 that it had entered into a strategic agreement with a leading European Alternative Investment Firm ("Financial Partner") and SYME's shareholders, 1AF2 S.r.l. and The AvantGarde Group S.p.A. ("Co-investors") to acquire a bank in Europe. Following its acquisition, the Bank will remain independent of SYME, being owned by the Financial Partner (who has committed to recapitalise it) and the Co-investors. SYME will not be a shareholder and has no costs associated with the transaction. It will, however, be the main commercial beneficiary of the acquisition which will provide funding through the Platform, via a novel "banking as a service" model.
https://www.investegate.co.uk/supply--me-capital--syme-/rns/captive-bank-update--quadrivio-group-named/202012220700024427J/
The Trading Update on 30 November 2020 stated that the parties' objective is to complete the acquisition and the authorisation processes regarding the banking license during the first quarter of 2021. This timetable remains on track.
The Company also stated that it would provide details of the Financial Partner and its market position, once the acquisition was sufficiently advanced. The Company is now therefore pleased to announce that the Financial Partner is Quadrivio Group ("Quadrivio").
Quadrivio is an alternative investment firm with a focus on Private Equity, Private Debt and Managed Accounts. The Firm has cumulatively raised and managed more than €2 billion from both Italian and international institutional investors.
The Quadrivio fund "Industry 4.0"[1] will invest in and capitalise the Captive Bank.
The Captive Bank's objective is to be a cornerstone investor in SYME's wider Inventory funding programmes working alongside all of Supply@Me's Inventory funding partners. In this regar