RE: Action speaks bigger than words14 Mar 2025 12:26
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Share Price Information for Supply@me Cap (SYME)
London Stock Exchange
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Share Price:
0.003
Bid:
0.003
Ask:
0.0038
Change:
-0.0005 (-14.29%)
Spread: 0.0008 (26.667%)Open: 0.004High: 0.004Low: 0.003Prev. Close: 0.0035
SYME Live PriceLast checked at 12:24:50
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Supply@ME Capital plc; Commencement of Dealings
23 Mar 2020 07:00
RNS Number : 1662H
Abal Group PLC
23 March 2020
23 March 2020
Abal Group plc
To be renamed
Supply@ME Capital plc
("Supply@ME" or "the Company")
Completion of acquisition of Supply@ME S.r.l.
Admission to the Standard Segment of the Official List
Change of name and Board changes
&
Commencement of Dealings in the Enlarged Share Capital
Unless otherwise expressly stated, all defined terms and definitions used below shall have the same meaning as given to them in the announcement made by the Company on Thursday 5 March 2020 and in the Circular to Shareholders dated 4 March 2020.
Further to the announcements on 27 October 2019, 5 March 2020 and 20 March 2020, the Company has completed the acquisition of Supply@ME S.r.l., a business which has developed an alternative FinTech platform focussed on inventory monetisation facilities, which can enable a wide range of manufacturing and trading businesses to improve their working capital position and provide a new asset class to investors. Consideration for the acquisition is £224.5 million to be satisfied by the issue of 32,332,246,220 Consideration Shares at a price of 0.69 pence per share ("the Acquisition").
The Acquisition constitutes a reverse takeover under the Listing Rules for Companies and, as previously announced, shares in the enlarged company will be admitted to the Standard Segment of The Official List and to trading on the London Stock Exchange's Main Market at 8.00 a.m. today under the ticker "SYME" ("Admission"). The ISIN of the Ordinary Shares is GB00BFMDJC60 and the SEDOL Code is BFMDJC6. Following completion of the acquisition, the Company has now changed its name to Supply@ME Capital plc and its website can be found at the following link: www.supplymecapital.com.
In conjunction with the Acquisition, the Company has raised £2.24 m