Last checked at 25 Jul 2022 07:00
25 July 2022
Supply@ME Capital plc
(The "Company" or "SYME")
Director/PDMR Notification
SYME announces that the Company issued 106,762,760 new ordinary shares to each of Tom James, Chief Executive Officer and Chief Investment Officer of TradeFlow Capital Management ("TradeFlow"), and John Collis, Chief Risk Officer and Head of Compliance at TradeFlow, who are both executive directors of SYME, in relation to settlement of post-acquisition earn out payments for the financial year ended 31 December 2021.
The information contained in this notification is disclosed in accordance with the requirements of Regulation ((EU) 596/2014), which is part of UK domestic law by virtue of Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310) ("UK MAR").
1 | Details of the Director | |
a) | Name | Thomas James |
2 | Reason for the notification | |
a) | Position/status | Executive Director |
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): | |
a) | Description of the financial instrument, type of instrument
| Ordinary shares |
Identification code | GB00BFMDJC60 | |
b) | Nature of transaction | Issue of shares to satisfy the cash liability under the earn out agreement |
c) | Currency | GBP - British Pound |
Price(s) and | 0.01 | |
volume(s) | 106762760 | |
d) | Aggregated information - Aggregated volume
| 106762760 |
- Price | £1,067,627.60 | |
e) | Date of the transaction | 20 July 2022 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the Director | |
a) | Name | John Collis |
2 | Reason for the notification | |
a) | Position/status | Executive Director |
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): | |
a) | Description of the financial instrument, type of instrument
| Ordinary shares |
Identification code | GB00BFMDJC60 | |
b) | Nature of transaction | issue of shares to satisfy the cash liability under the earn out agreement |
c) | Currency | GBP - British Pound |
Price(s) and | 0.01 | |
volume(s) | 106762760 | |
d) | Aggregated information - Aggregated volume
| 106762760 |
- Price | £1,067,627.60 | |
e) | Date of the transaction | 20 July 2022 |
f) | Place of the transaction | Outside a trading venue |
For the purposes of UK MAR, the person responsible for arranging release of this Announcement on behalf of SYME is Alessandro Zamboni, CEO.
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
Chanice Smith, Cicero/AMO, +44 (0)20 7947 5317; chanice.smith@cicero-group.com
Notes
Supply@ME Capital PLC and its operating subsidiaries (together the "Group") provide an innovative fintech platform (the "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. SYME announced in August 2021 the launch of a global Inventory Monetisation programme which will be focused on both inventory in transit monetisation and warehouse goods monetisation. This program will be focused on creditworthy companies and not those in distress or otherwise seeking to monetise illiquid inventories.