Last checked at 16 Mar 2023 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 March 2023
Supply@ME Capital plc
(the "Company", "Supply@ME" or "SYME")
Directorship Changes
SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, is pleased to announce that, is pleased to announce that its board of directors ("Board") proposes to appoint investment and advisory specialist Alexandra Galligan as a Non-Executive Director of the Company, with effect from 16 March 2023.
Alexandra holds more than 20 years' experience in senior business development positions, including most recently as Partner and Chief Executive Officer at FCA-regulated investment advisory firm MUSST Investments LLP ("MUSST") - a role she held for over a decade. During her time at MUSST, Alexandra maintained and developed relationships with a wide network of investors advising them on investing in early-stage hedge funds, private credit and alternative assets. Her previous roles also included business development at financial services firm Matrix Group Ltd, where she was appointed to create in-house platform of hedge funds and UCITS vehicles. She was also responsible for the structuring of these funds, preparation of related prospectuses, subscription documentation and marketing materials.
Alexandra will bring valuable experience and knowledge of investor motivation and their increasing focus on investing in companies with demonstrable Environmental, Social and Governance ("ESG") credentials. Alexandra will work closely with the Supply@ME team to further develop the business' own ESG investment credentials.
Alexandra will take over from Andrew Thomas, who is stepping down from the Board to pursue other business opportunities. Andrew has made a significant contribution to the business since joining in June 2022, and the Board would like to thank him for his valuable service.
Alexandra will assume the position of Remuneration Committee Chair, assisting the Board in determining its responsibilities in relation to remuneration and driving the over-arching principles, parameters and governance framework of the Company's policy as well as ensuring compliance with the QCA Corporate Governance Code. She will also become a member of both the Audit and Nomination Committees, holding various responsibilities in making recommendations to the Board on the appointment of auditors and audit fees, monitoring and reviewing the integrity of the Company's financial statements and reviewing the composition of the Board.
Alessandro Zamboni, CEO of SYME, commented:
"This is an incredibly exciting time at Supply@ME and we are proud of the exceptional depth and quality of our organisation. It is vital that we continue to expand our base of talent and expertise as we implement multiple IM funding structures, and improve our offering across new territories. Alexandra's wealth of experience and network will be of great help in that regard. I would also like to take this opportunity to thank Andrew for his service to our Board, and we wish him continued success in his future endeavours."
SYME Non-Executive Director, Alexandra Galligan, said:
"I'm excited to be joining Supply@ME at such a transformative time in its journey and delighted to support the Company's ambitious visions for growth. Part of the reason I was drawn to Supply@ME was its ability to innovate at speed, whilst remaining future proof and highly scalable."
Andrew Thomas commented:
"I am grateful to have had the opportunity to work with the dedicated and hardworking leadership team at Supply@ME. I wish the entire business success as it continues its journey."
The following information is disclosed in respect of Ms Galligan pursuant to the Financial Conduct Authority's Listing Rules:
Alexandra Galligan holds or has held the following directorships or partnerships in the past five years:
Current Directorships or Partnerships |
Musst Investments LLP |
A Leg to Stand On UK Limited |
Past Directorships or Partnerships |
None to disclose |
Ms Galligan does not hold any interests in any shares in the Company.
For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of SYME is Alessandro Zamboni, CEO.
Contact information
Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com
MHP Group, SupplyME@mhpgroup.com
Notes
SYME and its operating subsidiaries provide its Platform for use by manufacturing and trading companies to access inventory trade solutions enabling their businesses to generate cashflow, via a non-credit approach and without incurring debt. This is achieved by their existing eligible inventory being added to the Platform and then monetised via purchase by third party Inventory Funders. The inventory to be monetised can include warehouse goods waiting to be sold to end-customers or goods/ commodities that are part of a typical import/ export transaction.