Supply@me Cap Regulatory News (SYME)

24 December 2020

Supply@ME Capital plc

(The "Company" or "SYME")

New Investment in SYME

Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation© service to manufacturing and trading companies, is pleased to provide the following update regarding its expanding shareholder base.

Five professional investors (the "New Investors") have, acquired, in aggregate a 12.2% shareholding in the Company, further diversifying and strengthening the Company's investor base. Their combined shareholdings, comprising 4 billion ordinary shares, were acquired following completion of the transactions detailed below, which are aimed at simplifying the Company's ownership structure going forward:

· the purchase by 1AF2 S.r.l of 4.2bn SYME ordinary shares from IWEP Ltd at 0.0048 GBP;

· a merger between 1AF2 S.r.l. and the AvantGarde Group S.p.A.. The merged company will be named "the AvantGarde Group";

· the disposal of all of Orchestra Group's SYME ordinary shares to the newly formed AvantGarde Group; and

· the sale of 4.0bn SYME ordinary shares by the AvantGarde Group to the New Investors at 0.0048 GBP based on the performance of the Company.

Following completion of the transactions, the shareholdings of each of the three parties will be as follows:

· the AvantGarde Group SpA (post-merger*) 38,9%

· The New Investors** 12.2%

· IWEP Ltd***

The AvantGarde Group and the New Investors may, in due course, propose a new director to the Company to add to the experience of the existing board. The New Investors may also purchase further shares directly through the market. 

Welcoming the New Shareholders, Alessandro Zamboni, CEO of SYME, commented:

"These transactions have enabled us to increase the diversity and number of committed, professional investors on the Company's Share Register and will undoubtedly help to raise our investment profile".

*Mr. Zamboni will be the beneficial owner of the AvantGarde Group, post-merger. The percentage stated does not include the 17.99% of SYME shares related to the collateral transferred in accordance with the three stock-lending transactions announced on 29 July 2020. At the end of this stock-lending transaction or on the repayment date (in July 2022), the collateral will be returned to the Group in shares or cash, at the choice of the borrower

** New Investors' combined holdings (five independent investors)

*** IWEP Ltd is a company controlled by Non-Executive Chairman Dominic White. Following the transaction and a reorganisation of his holdings, Mr White will hold less than 3% of the ordinary shares of the Company 

Contacts

Alessandro Zamboni, CEO, Supply@ME Capital plc

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