Supply @ME Capital PLC Grant of Awards under the Supply@ME LTIP (1103A)
May 22 2023 - 01:00AM
UK Regulatory
TIDMSYME
RNS Number : 1103A
Supply @ME Capital PLC
22 May 2023
22 May 2023
Supply@ME Capital plc
(the " Company ", " Supply@ME " or " SYME ")
Grant of Awards under the Supply@ME Long Term Incentive Plan
SYME, the fintech business which provides an innovative fintech
platform for use by manufacturing and trading companies to access
Inventory Monetisation(c) solutions enabling their businesses to
generate cashflow , announces that, following approval from the
Company's board of directors (the "Board" or "Directors") and
remuneration committee of the Board, on 19 May 2023 awards in the
form of nominal-cost share options ("Awards") over 355,884,274
ordinary shares of nominal value 0.002 pence each in the capital of
the Company ("Ordinary Shares") were granted under the Supply@ME
Long Term Incentive Plan (the "LTIP") to certain of the Company's
executives and senior management.
The Awards granted include those made to the following Director
and person discharging managerial responsibilities ("PDMR"):
Name Position Number of Ordinary Shares
under Award
Chief Executive Officer;
Alessandro Zamboni Executive Director 97,031,250
-------------------------- --------------------------
Chief Financial Officer;
Amy Benning PDMR 70,312,500
-------------------------- --------------------------
Pursuant to the terms of the LTIP the Awards will normally
become exercisable on 19 May 2026.
Awards may become exercisable subject to continued employment
and the achievement of performance conditions relating to absolute
Total Shareholder Return measured (50%) and volume of inventory
monetised (50%). Each performance condition will be measured over a
three-year performance period comprising the 2023, 2024 and 2025
financial years (as set out in SYME's 2022 Annual Report and
Accounts).
The Award granted to Alessandro Zamboni is additionally subject
to a two-year post-vesting holding period following the vesting
date.
Contact information:
Alessandro Zamboni, CEO, Supply@ME Capital plc,
investors@supplymecapital.com
MHP Group, SupplyME@mhpgroup.com
The information set out below is provided in accordance with the
requirements of Article 19(3) of Regulation 2014/596/EU, which is
part of the domestic law of the United Kingdom of Great Britain and
Northern Ireland pursuant to the Market Abuse (Amendment) (EU Exit)
Regulations (SI 2019/310).
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Alessandro Zamboni
2. Amy Benning
------------------------------------------------------------ ---------------------------------------------------
2 Reason for notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer; Executive Director;
PDMR
2. Chief Financial Officer; PDMR
------------------------------------------------------------ ---------------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------------------------ ---------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Supply@ME Capital plc
------------------------------------------------------------ ---------------------------------------------------
b) LEI 213800ZY2C2TI2C5WQ61
------------------------------------------------------------ ---------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary shares of nominal value 0.002p
Identification code each in the capital of Supply@Me Capital
plc
ISIN: GB00BFMDJC60
------------------------------------------------------------ ---------------------------------------------------
b) Nature of the transaction Grant of awards in the form of nominal-cost
options over ordinary shares of nominal
value 0.002p each in the capital of Supply@Me
Capital plc under the Supply@ME Long Term
Incentive Plan
------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 1. 97,031,250
2. Nil 70,312,500
-------------------------
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information
* Aggregated volume 167,343,750
Nil
* Price
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 19 May 2023
------------------------------------------------------------ ---------------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------------------------ ---------------------------------------------------
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