Member Info for Loc123

The Company is continuing to work with its auditors to finalise the Annual Report and Accounts for the year ended 31 December 2024 (the "2024 Annual Report"), and intends, once the 2024 Annual Report has been published to make an application to the FCA for the temporary suspension of the Company's shares from the Official List and from trading on the London Stock Exchange to be lifted. Following the publication of the 2024 Annual Report, the Company also expects to announce the date on which it plans to hold its next Annual General Meeting.

FYI below is why the stock is suspended and why it will come off suspension if we are lucky. The rest is irrelevant.

In accordance with the listing rules, the Company is required to publish its audited 2024 Annual Report by 30 April 2025. However, the Company is continuing to work with its auditors, Bright Graham Murray to finalise the audit of the financial statements for the year ended 31 December 2024. Despite the best efforts of all parties, the Company requires further time to finalise these accounts and for the auditor to complete its procedures with respect thereto.

As a result of the delay in publishing the 2024 Annual Report, the Company's shares will be temporarily suspended from the Official List and from trading on the London Stock Exchange with effect 7.30 a.m. on 1 May 2025 until the publication of its audited accounts. Following the publication of the 2024 Annual Report and Accounts the Company will make an application for the suspension to be lifted.

In the olden days there did used to be codes for penny stocks, I can’t remember fully what the 1-10 means, could be something could be nothing.

I may be late with this info but there is a 200 page document at companies house for our accounts incase anyone is interested, but as I say you may have already seen it etc.

The New Equity Funding is expected to be used by the Company and Group to satisfy its ongoing working capital requirements and to improve the Company's overall capitalisation as SYME seeks to deploy an increasing number of IM transactions, including, inter alia, from i) the IM programme with the Italian neo banking group announced by the Company on 29 April 2024; ii) the commitment achieved from an asset manager specialised in digital assets to subscribe the first tranche of on over-all security token issuance as announced by the Company on 5 April 2024; and iii) the Group's first White-Label IM agreement with Banco BPM S.p.A announced by the Company on 3 January 2024.

Alessandro Zamboni, CEO of SYME, said:

"I am excited to see such great interest on our company by Keith, Bayley, Rogers & Co. Limited and its investors. It is the first time that SYME engaged a broker to raise capital and it has demonstrated that, as recorded in 2023, London remains Europe's most active equity market with more capital raised than the other European exchanges for high-growth businesses.

I am sure that our inventory funders and partners will see this capital infusion as a positive step forward for SYME, considering its key role as inventory specialist within the current Inventory Monetisation programmes and future opportunities."

It’s up to £4 million we didn’t have 10 minutes ago!

Great result AZ, well done.

I hope AZ is going to do some networking at this!!!

https://www.whitelabelexpo.co.uk/

‘Twat’ is not directed at you, they know who they are we have had to live with them long enough😵‍💫

I think your comments are a true reflection of many of us LTH.

Yes but there may not be as many twats, I mean private investors or non investors that find a negative in every single thing, AZ was preempting this, suspension was the right choice at that time.

Hard to handle have you seen the post below the link you sent, it’s horrendous for a company to have to put up with that. I’m not on linked in so can’t report it but this doesn’t help anyone!

Am I right in seeing that AZ has bought 65% of Rtop?

Something doesn’t match though, as his current appointments if you go through Supply@me he only has one, these 2 companies aren’t linked to him through company house, my understanding is they should be but could be wrong.

Thank you!

Can anyone confirm or deny the 27th of September for Earnings update, yahoo finance is showing that but syme website is a wonky donkey 🫏.

Thanks in advance!

The below link is info about pnp, it’s too big to paste if you have a spare 10 mins it’s worth a read.

https://cms.law/it/ita/publication/il-pegno-mobiliare-non-possessorio-ampliate-le-possibilita-di-accesso-al-credito

Thanks everyone!

Does anyone know what’s happened to the sp chart on Google or know where to get a nearly real time one?
Thanks!

Well done AZ and the team, great work.

"The structure of the contractual agreement we have facilitated will provide a blueprint for future IM transactions using traditional funding sources in Italy, backed by the PNP Regulation, opening the door wide open to others in our pipeline and boosting the finalisation of white-label agreements with banks."

This is a good step in the right direction and this is where it gets interesting

The Transaction will leverage the recently approved Italian legislation pegno non possessorio (the "PNP Regulation") and is expected to be first such IM transaction implemented in the market under the PNP Regulation legislation in respect of non-agri-food based inventory.