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Supply@ME Capital plc announced on 25 September 2024 that it received notification of the resignation of Crowe U.K. LLP as its auditors. Crowe U.K. LLP stated their resignation was due to a reassessment of risks and their unwillingness to continue acting as auditors, as per section 519 of the Companies Act 2006. The Company is actively working to engage a new auditor to complete the audit for the period ending 31 December 2024.
| Date | 25 Sept 2024 |
| Time | 07:00:12 |
| Category | Corporate updates |
| ID | 5151F |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
25 September 2024
Supply@ME Capital plc
(the "Company", "Supply@ME" or "SYME" and, together with its subsidiaries, the "Group")
Resignation of auditor
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, announces that it has received notification of the resignation of Crowe U.K. LLP as auditors of the Company.
In accordance with paragraph 3A of section 519 of the Companies Act 2006, Crowe U.K. LLP has stated in its notification to the Company that they have resigned having carried out a reassessment of the risks related to auditing the Company and concluding that they were not willing to continue to act as auditors.
The Company is actively working to engage a new auditor to complete the audit for the period ending 31 December 2024 and will provide updates as appropriate.
For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of SYME is Alessandro Zamboni, CEO.
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 warehoused goods waiting to be sold to end-customers or goods that are part of a typical import/export transaction.