Last checked at 19 Jan 2021 07:00
19 January 2021
Supply@ME Capital plc
(The "Company" or "SYME")
Change of Accounting Reference Date;
Notice of Publication of Audited Accounts for the nine-month period ended 31 December 2019
and
Notice of Unaudited Interim Accounts for the six-month period ended 30 June 2020
Supply@ME Capital plc, the innovative fintech platform which provides Inventory Monetisation© services to manufacturing and trading companies, announces that, following discussions with its advisors and auditors, it is changing its Accounting Reference Date from 30 September to 31 December to align its financial year-end with the Calendar Tax Year (31 December), a more standard accounting reference date and one which is more appropriate to SYME's current and future operating subsidiaries' trading.
This change of the Accounting Reference Date will greatly improve the efficiency of the financial reporting process going forward and as a result, the Group's financial reporting calendar.
Accordingly, the Group's financial calendar will now be as follows:
· Audited accounts for a shortened nine-month period ended 31 December 2019 are currently being finalised and are expected to be published before the end of January 2021. These are statutory accounts, required to provide continuity for the next period to be audited, which will be the twelve-month period ending 31 December 2020.
· Unaudited Interim Accounts for the six-month period ended 30 June 2020, will be published shortly following the audited 31 December 2019 accounts.
· Audited accounts for the twelve-month period ended 31 December 2020 are scheduled to be published in April 2021.
Thereafter, Interim and Annual Accounts will be published each year for the six months to 30 June and twelve months to 31 December in accordance with the LSE Standard Listing Rules.
Notes
The SYME platform aligns Client companies (manufacturing and trading companies) seeking to monetise part of their inventory for cash, with inventory funders (banks, financial institutions and investment funds). The inventory funders invest through the SYME platform into portfolios of inventory assets through Securitisation Vehicles.
Contacts
Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com
Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780; paul.vann@walbrookpr.com
Brian Norris, Cicero/AMO, +44 (0)20 7947 5317