TIDMSYME
RNS Number : 9760H
Supply @ME Capital PLC
09 August 2021
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9 August 2021
Supply@ME Capital plc
(The "Company" or "SYME")
Global Inventory Monetisation Fund launched;
First full $40m of funding secured
Supply@ME Capital plc, the innovative fintech platform which
provides the Inventory Monetisation(c) service to manufacturing and
trading companies, is pleased to announce the following key
developments regarding its Group inventory funding activity.
Global Inventory Monetisation Fund launched
As stated in the recent 2020 Annual Report, following the
acquisition of TradeFlow Capital Management Ltd ("TradeFlow"), the
Company now manages three Open-Funding structures, in addition to
the Bank-funding routes. The three open funding routes are:
-- the inventory-backed securitisation note programme, also
distributed by StormHarbour Securities LLP;
-- a Shariah compliant investment product;
-- a new proprietary structure, which includes the two existing
TradeFlow Funds of which Tradeflow is also the investment advisory
company.
With reference to the new structure, the Company is pleased to
announce that it has agreed with Apex Group[1] to launch a
comprehensive inventory monetisation fund, comprising four
components ("the funds"):
-- T wo funds focussed on "inventory in-transit" monetisation
(import/export transactions), advised by TradeFlow. TradeFlow has a
positive track record over the past three years;
-- Two new funds, focussed on "warehoused goods monetisation".
These funds will also be advised by TradeFlow and will be focused
on UK, UK Common law (including MENA region) and Italian
monetisation transactions.
It is expected that the Global Inventory Monetisation Fund will
establish new components following the Group's business expansion
(i.e. new geographies, special situations, etc.). The funds
historically advised by TradeFlow have enjoyed consistent returns,
returning + 6.01% net in 2019 and + 5.93% net in 2020, delivering
net Average monthly returns of +50bps to investors with a
volatility of returns below 0.75%.
Emerging Asset Management Ltd. ("EAM", part of the Apex Group)
will provide administration services to the four funds. Apex Group,
which provides turnkey solutions for fund launches and fund
administration services, announced in March 2021 that it has
reached over $1bn of assets under administration.
$40m of new commitment, boosting the inventory monetisation
transactions
The Company is also pleased to announce that the TradeFlow
Capital funds received an Investment Grade final rating from a
leading ratings agency for its 4-year Senior Note. Leveraging the
global investor network of the Group, the funds have already
secured investors subscribing for the full, initial $40m
issuance.
A further trading update, which will also include the financial
impact of these latest developments, is expected by the end of
August.
SYME Chief Executive, Alessandro Zamboni said:
"The launch of our Global Inventory Monetisation Fund and the
success of TradeFlow's latest funds issuance are further evidence
of the strength of this innovative business model and the highly
positive benefits which the acquisition is starting to confer for
our Group. It is also further proof of the potential and the
synergies between SYME and TradeFlow, leveraging our collective
relationships and combined competences in the financial services
industry. The Global Inventory Monetisation Fund is a unique
investment opportunity for the market. It offers the potential to
support the real economy and, at the same time, generates
attractive returns protected by the high-quality risk management
standards and state-of-the art technologies adopted by the platform
which runs the underlying inventory transactions.
"The potential for our business is enormous and we can start to
think big, by integrating the funding capacity of the four funds in
order to offer an end-to-end inventory monetisation proposition to
corporates and international supply chains".
TradeFlow Capital C EO & Chief Investment Officer , Tom
James, commented: "The Investment Grade rating for our Senior Notes
program confirms the robustness of our risk transformation and risk
management architecture which we designed and built in to the Trade
Flow Funds strategy".
John Collis, the CRO of TradeFlow Capital, added: "We have
succeeded in transforming SME Physical Commodity import/ export
transactions in to a long term Investment Grade, Fixed Income
alternative product for Investors. It is a very exciting time for
our Group and for our Investors".
Notes
Supply@ME enables businesses to generate cashflow, via a
non-credit approach and without incurring debt, by monetising their
existing stock which intend to sell to the end-customers or goods/
commodities part of a typical import/ export transaction. SYME'
Global Inventory Monetisation Fund enables strong companies to
improve their working capital cycle. The funds don't 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
brian.norris@cicero-group.com
[1] Homepage (theapexgroup.com)
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