Supply@me Cap Regulatory News (SYME)

7 July 2020

Supply@Me Capital plc

(The "Company" or "SYME")

Exercise of Call Options and Update to Concert Party holdings

Supply@ME Capital plc announces that it has been informed by the Chief Executive, Mr. Alessandro Zamboni, that he has exercised the call options ("Call Options") detailed in the Company's Prospectus (Part VI Section 4) and Whitewash Circular (Part III Section 4.6), both dated 4 March 2020, to acquire 100,000 ordinary shares in The AvantGarde Group SpA ("TAG") from members of the concert party. TAG is the main shareholder of SYME and owns two other companies in the Fintech sector.

Settlement of the Call Options will be in cash and SYME shares owned by TAG. The consideration element of the transaction in SYME shares has been calculated at an average of 0.48 pence per share, being the historic valuation agreed by the concert parties shortly after the reverse take-over. As a result of this transaction, the direct ownership of SYME shares by concert party members will change as outlined below, however there will be no net change to the concert party's total holding. 

Post-transaction Current

The AvantGarde Group SpA* 50.5% 72.95%

IWEP Ltd** 16.0% 0%***

Finance Partners Group SpA 3.7% 0%***

Simone Concetti 1.4% 1.4%

Emanuele Facile 1.2% 0%***

Orchestra Group* 1.0% 0%***

Maurizio Belli 0.6% 0%***

Antonio De Francisis 0.14% 0.14%

Eight Capital Partners plc 0.07% 0.07%

Total 74.56% 74.56%

*Mr. Zamboni is a beneficial owner of TAG and Orchestra Group

**IWEP Ltd is a company controlled by Non-Executive Chairman Dominic White as further detailed in the Prospectus and Whitewash Circular

***Currently have an indirect ownership in SYME via their shareholdings in The AvantGarde Group SpA or Finance Partners Group SpA as per the Prospectus and Whitewash Circular

Contacts

Alessandro Zamboni, CEO, Supply@ME Capital plc

Stanford Capital Partners: +44 (0)20 3815 8880

Paul Vann, Walbrook PR Limited: +44 (0)20 7933 8780; paul.vann@walbrookpr.com

Brian Norris, Cicero/AMO +44 (0)20 7947 5317; brian.norris@cicero-group.com