Source - LSE Regulatory
RNS Number : 3786U
Supply@ME Capital PLC
23 November 2023
 

23 November 2023

Supply@ME Capital plc
(the "Company" or "SYME")

Transfer of Warrants

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, today announces that the entire holding of 961,832,433 warrants (each exercisable into one new ordinary share of nominal value £0.00002 each in the capital of the Company) in aggregate (the "Warrants") previously issued to of Mercator Capital Management Fund LP ("Mercator")  pursuant to seven warrant instruments executed by the Company, cast as deed polls, between 1 October 2021 and 14 July 2022 (the "Warrant Instruments") have been transferred (the "Transfer") by Mercator to an independent third party purchaser (the "Transferee").

A summary of the key terms of the Warrants are set out in the table below:

Date of issue

Maturity date

Number of Warrants

Exercise price

01/10/2021

01/10/2024

443,726,031

£0.00316

01/11/2021

01/11/2024

29,197,856

£0.00314

01/12/2021

01/12/2024

49,867,625

£0.00184

04/01/2022

04/01/2025

77,763,767

£0.00174

02/02/2022

02/02/2025

79,179,799

£0.00171

04/03/2022

04/03/2025

105,948,198

£0.00128

14/07/2022

14/07/2025

176,149,157

£0.00085

Total

 

961,832,433

 

 

The Company has confirmed that the Transferee is neither an affiliate of Mercator, nor a person closely associated of any person discharging managerial responsibilities of the Company for the purposes of Regulation 2014/596/EU, which is part of the domestic law of the United Kingdom of Great Britain and Northern Ireland pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)).

Under the terms of the Warrant Instruments, the Warrants may only be transferred to affiliates of the holder of the Warrants from time to time. The Company authorised the Transfer in accordance with the modification provisions in the Warrant Instruments on this occasion, but, going forwards, the terms of the Warrant Instruments shall continue to preclude transfer to non-affiliates of the holder of the Warrants without the consent of the Company.  The new certificates in respect of the Warrants will be sent to the Transferee shortly.

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/commodities that are part of a typical import/export transaction.

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