Last checked at 23 Jun 2023 17:37
23 June 2023
Supply@ME Capital plc
(the "Company" or "SYME")
Result of General Meeting of Open Offer Warrantholders
SYME today announces at 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"), a special resolution (the "Resolution") put to all Open Offer Warrantholders was duly passed on a poll with the results as stated below.
Resolution | In Favour | % | Against | % | Total | Withheld* |
To approve amendments to the Open Offer Warrant Instrument as set out in the notice to Open Offer Warrantholders dated 31 May 2023. | 37,003,399 | 99.92 | 28,734 | 0.08 | 37,032,133
| 1,939 |
*A vote withhold is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' and 'Against' a resolution.
The results are also available on the Company's website by following the link below: https://www.supplymecapital.com/investor/shareholder-meetings/.
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.