Supply @ME Capital PLC Change of name to Supply@ME Capital plc confirmed (8935L)
May 05 2020 - 4:21AM
UK Regulatory
TIDMSYME
RNS Number : 8935L
Supply @ME Capital PLC
05 May 2020
05 May 2020
Abal Group plc ("the Company")
Confirmation of Change of Company Name
to
Supply@ME Capital plc ("Supply@ME")
&
TIDM and Website Address details
Further to the announcement by the Company dated 23 March 2020
detailing the completion of the acquisition of Supply@ME S.r.l.,
Admission to The Standard Segment of the Official List of the
Company's enlarged share capital, proposed change of name and Board
changes, the Company is pleased to confirm that it has now received
confirmation from Companies House that its name has been changed
and formally registered as Supply@ME Capital plc.
The Company anticipates that all Trading Platforms and News
Services will register the new name, Supply@ME Capital plc with the
TIDM: SYME, ISIN of the Ordinary Shares: GB00BFMDJC60 and SEDOL
Code: BFMDJC6 within the next 24 hours. The Company's official
website address is now: www.supplymecapital.com, where information
required pursuant to its London Stock Exchange Standard Listing is
available.
Enquiries:
Supply@ME Capital plc c/o Walbrook PR Limited
Alessandro Zamboni, CEO www.supplymecapital.com
Stanford Capital Partners Tel: +44 (0)20 3815 8880
Patrick Claridge / John Howes /
Bob Pountney
Walbrook PR Limited Tel: +44 (0)20 7933 8780
(Media and Investor Relations) +44 (0)7768 807631
Paul Vann/Nick Rome/Nicholas Johnson supplyme@walbrookpr.com
Notes:
Supply@ME is a fast growing, innovative Company which has
developed an alternative FinTech platform focussed on "inventory
monetisation" which offers a wide range of manufacturing and
trading businesses the means to release capital against the value
of inventory, speeding up working capital cycles and improving
supply chain efficiencies. Unlike conventional bank funding, the
Supply@ME offering is not treated as debt finance on a company's
balance sheet. Rather, it is a "true sale" of inventory. The
transactions, based on innovative legal schemes, combine detailed
regulatory and financial controls with leading-edge technology that
allows accurate tracking and recording of inventory. This solution
is proving attractive o both clients and investors and is highly
scalable.
Supply@ME has originated more than EUR300 million of prospective
"inventory monetisation transactions" in its first six months of
operation and at the date of its Admission to the Standard List, 23
March 2020, over EUR970 million of prospective contracts have been
originated. The target addressable inventory financing opportunity
in Supply@ME's markets is estimated to comprise over EUR2 trillion
of inventory under management.
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contact rns@lseg.com or visit www.rns.com.
END
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