Supply @ME Capital PLC Transaction Update (8398S)
March 19 2021 - 02:00AM
UK Regulatory
TIDMSYME
RNS Number : 8398S
Supply @ME Capital PLC
19 March 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
19 March 2021
Supply@ME Capital plc
(The "Company" or "SYME")
Inventory "in transit" monetisation: transaction update
The Company announced on 17 March 2021 that it had signed Heads
of Terms ("HoTs") for the acquisition of a leading, Singapore-based
FinTech-powered commodities trade enabler, focused on SMEs.
Following subsequent market speculation regarding the identity
of the target business, SYME is pleased to confirm that HoTs have
been signed with TradeFlow Capital Management Pte. Ltd. [1]
("TradeFlow").
SYME expects to announce a further update within the next
month.
Notes
Supply@ME enables businesses to generate cashflow, without
incurring debt, by monetising their existing stock. Before a
business has found an end-customer for its inventory, the Supply@ME
platform enables them to sell ("monetise") their stock and receive
cash immediately to boost their working capital. The Supply@ME
service enables strong companies to improve their working capital
cycle. SYME does not monetise inventory for companies in financial
difficulty or with inventory that they are struggling to sell.
Contacts
Alessandro Zamboni, CEO, Supply@ME Capital plc,
investors@supplymecapital.com
Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780;
paul.vann@walbrookpr.com
Brian Norris, Cicero/AMO, +44 (0)20 7947 5317
[1] https://tradeflow.capital/
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