Last checked at 23 Apr 2021 07:00
23 April 2021
Supply@ME Capital plc
(The "Company" or "SYME")
Financial Calendar Update
Timetable for Publication of Audited Accounts for the 12 month period ended 31 December 2020
&
2020 Annual General Meeting
Supply@ME Capital plc, the innovative fintech platform which provides Inventory Monetisation© services to manufacturing and trading companies, announces that, following consultation with its advisors and auditors, the Company expects to publish its Audited Accounts for the 12 month period ended 31 December 2020 ("the 2020 Accounts") during May 2021. The Company had previously expected to publish the 2020 Accounts by 30 April 2021.
This is due to the challenges presented by the ongoing COVID-19 pandemic in remotely preparing and auditing the accounts, and in particular the recently re-imposed lock down measures in Italy, where the main operating subsidiary of the Company is based.
In so doing, the Board is following joint-guidance issued by the Financial Conduct Authority and The Financial Reporting Council on 27 January 2021 which confirmed that, in light of the impact of the Covid-19 pandemic, extended financial information timelines apply whereby companies can publish their annual financial reports after the deadline of four months from their financial year end, provided they are published within six months from that date.
The Company's 2020 Annual General Meeting will take place during June 2021, full details of which will be announced in due course.
Notes
Supply@ME enables businesses to generate cashflow, without incurring debt, by monetising their existing stock. Before a business has found an end-customer for its inventory, the Supply@ME platform enables them to sell ("monetise") their stock and receive cash immediately to boost their working capital. The Supply@ME service enables strong companies to improve their working capital cycle. SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell.
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