28 March 2024

Supply@ME Capital plc
(the "Company" or "SYME")

Transfer of Warrants

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, today announces an update in relation to the entire holding of 961,832,433 warrants (each exercisable into one new ordinary share of nominal value £0.00002 each in the capital of the Company) in aggregate (the "Warrants") previously issued to of Mercator Capital Management Fund LP ("Mercator")  pursuant to seven warrant instruments executed by the Company, cast as deed polls, between 1 October 2021 and 14 July 2022 (the "Warrant Instruments").

The Company previously announced on 23 November 2023 that the entire holding of 961,832,433 have been sold and transferred by Mercator to an independent third party purchaser (the "Current Warrant Holder"). Today, the Company further announces that the Current Warrant Holder has sold and transferred (the "Transfer") the entire holding of the Warrants to two separate third party purchasers (the "Transferees").

A summary of the key terms of the Warrants are set out in the table below:

The Company has confirmed that the Transferees are neither an affiliate of the Current Warrant Holder, nor a person closely associated of any person discharging managerial responsibilities of the Company for the purposes 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)).

Under the terms of the Warrant Instruments, the Warrants may only be transferred to affiliates of the holder of the Warrants from time to time. The Company authorised the Transfer in accordance with the modification provisions in the Warrant Instruments on this occasion, but, going forwards, the terms of the Warrant Instruments shall continue to preclude transfer to non-affiliates of the holder of the Warrants without the consent of the Company. The new certificates in respect of the Warrants will be sent to the Transferee shortly.

Contact information:

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com  

Notes:

SYME and its operating subsidiaries provide its 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.