Hope this is of use3 Dec 2020 18:58
I am a share holder in this and enjoy most of the posts here I have found this info and hope it’s of some use to you.
Supply@Me has been notified by 1AF2 Srl ("1AF2"), which holds 23,91% of SYME shares, that it has transferred as loan security a number of SYME shares to three lending platforms as follows ("Lenders").
- 1,615,253,000 SYME shares transferred to High West Capital Partners LLC
- 778,571,429 SYME shares transferred to Stock Loan Solutions LLC
- 3,500,000,000 SYME shares transferred to Union Pacific Capital Ltd
The shares have been transferred to secure loans (the "Loans") to 1AF2 ("the borrower"), with a minimum two-year duration, after which period 1AF2 confirms that it intends to repay the loans. The Loans may be drawn in a series of tranches over one month and Lenders may trade pledged shares to diversify their portfolio concentration risks. Upon repayment, all 5,893,824,429 SYME shares will be returned to the borrower.
SYME has been further informed by 1AF2 that, subject to regulatory approvals, it will offer to invest funds from the capital raised into the Company's inventory funding process alongside institutions (in the Open-Funding and Self-Funding structures) as described in the Trading Update RNS of 27 July 2020.
Mr Zamboni's 18.98% shareholding in SYME held through Orchestra Group remains unchanged.