Last checked at 29 Jul 2020 12:18
29 July 2020
Supply@Me Capital plc
("SYME") or (the "Company")
PDMR/PCA shareholding
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.
Alessandro Zamboni is a Director of 1AF2 and 1AF2 is therefore considered to be closely associated with him under the Market Abuse Regulations.
PDMR/PCA FCA Transaction Notification
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | 1AF2 Srl | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PCA of Alessandro Zamboni, CEO of SYME | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Supply@Me Capital Plc | ||||
b) | LEI | 213800ZY2C2TI2C5WQ61 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.002p each in the share capital of Supply@Me Capital plc | ||||
Identification code | ISIN: GB00BFMDJC60 | |||||
b) | Nature of the Transaction | Pledge of shares for loan security at market price | ||||
c) | Price(s) and volume(s) of shares pledged |
| ||||
d) | Aggregated information Aggregated volume Price | None | ||||
e) | Date of the transactions | 24 July 2020 (High West Capital Partners LLC) 28 July 2020 (Stock Loan Solutions LLC) 28 July 2020 (Union Pacific Ltd)
| ||||
f) | Place of the transaction | London Stock Exchange, UK | ||||
Alessandro Zamboni, CEO, Supply@ME Capital plc
Paul Vann, Walbrook PR Limited: +44 (0)20 7933 8780
Brian Norris, Cicero/AMO, +44 (0)20 7947 5317