Supply @ME Capital PLC Financial Calendar Update (4186W)
April 23 2021 - 1:00AM
UK Regulatory
TIDMSYME
RNS Number : 4186W
Supply @ME Capital PLC
23 April 2021
23 April 2021
Supply@ME Capital plc
(The "Company" or "SYME")
Financial Calendar Update
Timetable for Publication of Audited Accounts for the 12 month
period ended 31 December 2020
&
2020 Annual General Meeting
Supply@ME Capital plc, the innovative fintech platform which
provides Inventory Monetisation(c) services to manufacturing and
trading companies, announces that, following consultation with its
advisors and auditors, the Company expects to publish its Audited
Accounts for the 12 month period ended 31 December 2020 ("the 2020
Accounts") during May 2021. The Company had previously expected to
publish the 2020 Accounts by 30 April 2021.
This is due to the challenges presented by the ongoing COVID-19
pandemic in remotely preparing and auditing the accounts, and in
particular the recently re-imposed lock down measures in Italy,
where the main operating subsidiary of the Company is based.
In so doing, the Board is following joint-guidance issued by the
Financial Conduct Authority and The Financial Reporting Council on
27 January 2021 which confirmed that, in light of the impact of the
Covid-19 pandemic, extended financial information timelines apply
whereby companies can publish their annual financial reports after
the deadline of four months from their financial year end, provided
they are published within six months from that date.
The Company's 2020 Annual General Meeting will take place during
June 2021, full details of which will be announced in due
course.
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
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END
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