Supply @ME Capital PLC Exercise of Options (2327S)
July 07 2020 - 1:00AM
UK Regulatory
TIDMSYME
RNS Number : 2327S
Supply @ME Capital PLC
07 July 2020
7 July 2020
Supply@Me Capital plc
(The "Company" or "SYME")
Exercise of Call Options and Update to Concert Party
holdings
Supply@ME Capital plc announces that it has been informed by the
Chief Executive, Mr. Alessandro Zamboni, that he has exercised the
call options ("Call Options") detailed in the Company's Prospectus
(Part VI Section 4) and Whitewash Circular (Part III Section 4.6),
both dated 4 March 2020, to acquire 100,000 ordinary shares in The
AvantGarde Group SpA ("TAG") from members of the concert party. TAG
is the main shareholder of SYME and owns two other companies in the
Fintech sector.
Settlement of the Call Options will be in cash and SYME shares
owned by TAG. The consideration element of the transaction in SYME
shares has been calculated at an average of 0.48 pence per share,
being the historic valuation agreed by the concert parties shortly
after the reverse take-over. As a result of this transaction, the
direct ownership of SYME shares by concert party members will
change as outlined below, however there will be no net change to
the concert party's total holding.
Post-transaction Current
The AvantGarde Group SpA* 50.5% 72.95%
IWEP Ltd** 16.0% 0%***
Finance Partners Group SpA 3.7% 0%***
Simone Concetti 1.4% 1.4%
Emanuele Facile 1.2% 0%***
Orchestra Group* 1.0% 0%***
Maurizio Belli 0.6% 0%***
Antonio De Francisis 0.14% 0.14%
Eight Capital Partners plc 0.07% 0.07%
Total 74.56% 74.56%
*Mr. Zamboni is a beneficial owner of TAG and Orchestra
Group
**IWEP Ltd is a company controlled by Non-Executive Chairman
Dominic White as further detailed in the Prospectus and Whitewash
Circular
***Currently have an indirect ownership in SYME via their
shareholdings in The AvantGarde Group SpA or Finance Partners Group
SpA as per the Prospectus and Whitewash Circular
Contacts
Alessandro Zamboni, CEO, Supply@ME Capital plc
Stanford Capital Partners: +44 (0)20 3815 8880
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
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END
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