Supply @ME Capital PLC Appointment of New Chair (5497Q)
October 28 2021 - 01:00AM
UK Regulatory
TIDMSYME
RNS Number : 5497Q
Supply @ME Capital PLC
28 October 2021
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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
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28 October 2021
Supply@ME Capital plc
(The "Company" or "SYME")
Appointment of new Chair:
Supply@ME appoints James ("Jim") Coyle as new independent
Non-executive Chairman
Supply@ME Capital plc, the fintech business which provides an
innovative Platform for use by manufacturing and trading companies
to access Inventory Monetisation solutions enabling their
businesses to generate cashflow, is pleased to announce the
appointment of Jim Coyle as its new independent non-executive
chairman with effect from 28 October 2021.
The Company conducted a rigorous and wide-ranging selection
process to ensure that it appoints the strongest possible candidate
to lead the business through its next stage of growth. Mr Coyle
succeeds Dominic White, who stepped down from the role in July of
this year.
Mr Coyle is a highly respected, strategic leader who brings over
four decades of both executive and non-executive financial services
experience to the role. After a thirty-year career at some of the
UK's largest institutions, including BP, Bank of Scotland and
Lloyd's Banking Group Plc, where he served most recently as Group
Financial Controller and Deputy Group Finance Director, Mr Coyle
has been appointed to a number of Board roles mainly across the
financial services industry. He currently serves as a Non-Executive
Director and Audit Chair of HSBC UK Bank Plc and M&S Bank Plc
and chairs other M&S group subsidiaries, as well as serving as
Senior Independent Director on the board of Honeycomb Investment
Trust Plc and Audit and Risk Chair at Scottish Water. He has
previously held the role of Chair at international payments
business World First.
Mr Coyle qualified as a Chartered Accountant with KPMG.
SYME Chief Executive, Alessandro Zamboni said:
"I am very pleased to welcome Jim to Supply@ME. He brings vast
experience and an exceptional track record gained at some of the
UK's largest financial institutions. His counsel, expertise and
network of contacts will be invaluable as we embark on an exciting
new stage in Supply@ME's growth."
SYME Chair, Jim Coyle said:
"I am delighted to be joining Supply@ME as its new chair. This
is a great opportunity to work with a business with a unique model
and brilliant leadership team. The growth strategy and opportunity
for Supply@ME are clear and I believe we are well positioned for
the years ahead. I am looking forward to working with Alessandro
and the team to drive the business forward, providing a much-needed
financing solution to SMEs globally."
Notes
Supply@ME Capital PLC and its operating subsidiaries (together
the "Group") provide an innovative fintech platform (the
"Platform") for use by manufacturing and trading companies to
access inventory trade solutions enabling their businesses to
generate cashflow, via a non-credit approach and without incurring
debt. This is achieved by their existing eligible inventory being
added to the Platform and then monetised via purchase by third
party Inventory Funders. The inventory to be monetised can include
warehouse goods waiting to be sold to end-customers or
goods/commodities that are part of a typical import/export
transaction. SYME announced in August 2021 the launch of a global
Inventory Monetisation program which will be focused on both
inventory in transit monetisation and warehouse goods monetisation.
This program will be focused on creditworthy companies and not
those in distress or otherwise seeking to monetise illiquid
inventories.
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
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