Last checked at 31 May 2023 15:56
31 May 2023
Supply@ME Capital plc
(the "Company" or "SYME")
Notice of General Meeting of Open Offer Warrantholders
SYME, the fintech business which provides an innovative platform ("Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, today announces a general meeting of holders of warrants ("Open Offer Warrantholders") issued pursuant to a warrant instrument created by the Company, dated 21 July 2022 (the "Open Offer Warrant Instrument") (the "General Meeting").
The General Meeting is being called to for Open Offer Warrantholders to vote on the proposal to extend the "Final Exercise Date" as such term is defined in the Open Offer Warrant Instrument from "31 December 2025" by 12 months to "31 December 2026".
The General Meeting will be held at the offices of Orrick, Herrington & Sutcliffe (UK) LLP, 107 Cheapside, London EC2V 6DN, United Kingdom on 23 June 2023 at 12.00 p.m. (British Summer Time).
Open Offer Warrantholders who wish to attend the General Meeting in person are asked to register their intention as soon as practicable by email to investors@supplymecapital.com.
A notice of General Meeting, together with a form of proxy have been sent to Open Offer Warrantholders today.
Open Offer Warrantholders should submit their forms of proxy as soon as possible. To be valid, the form of proxy enclosed with the notice of General Meeting must be lodged with the Company's registrar, Neville Registrars Limited at Neville House, Steelpark Road, Halesowen, West Midlands B62 8HD, United Kingdom, as soon as possible, and, in any event, so as to arrive by no later than 12.00 p.m. (British Summer Time) on 21 June 2023.
Full details of the operation and arrangements for the General Meeting are set out in the notice of General Meeting.
The notice of General Meeting will shortly be available for inspection on the SYME website, https://www.supplymecapital.com/shareholder-meetings/ in accordance with the Financial Conduct Authority's ("FCA") Disclosure Guidance and Transparency Rule 6.3.5R(3).
In accordance with Listing Rule 14.3.6, a copy of the notice of Annual General Meeting will be submitted to the National Storage Mechanism maintained by the FCA and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Contact information
Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com
MHP Group, SupplyME@mhpgroup.com
Notes
SYME and its operating subsidiaries provide its 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 that are part of a typical import/export transaction. SYME announced in August 2021 the launch of a global IM programme which will be focused on both inventory in transit monetisation and warehoused goods monetisation. This programme will be focused on creditworthy companies and not those in distress or otherwise seeking to monetise illiquid inventories.