28th Apr 2025 07:00
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.
28 April 2025
Supply@ME Capital plc
(the "Company", "Supply@ME" or "SYME" and, together with its subsidiaries, the "Group")
Delay in published 2024 Annual Report and Accounts
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 the annual report and accounts for the year ended 31 December 2024 (the "2024 Annual Report") will not be finalised ahead of the 30 April 2025 deadline.
In accordance with the listing rules, the Company is required to publish its audited 2024 Annual Report by 30 April 2025. However, the Company is continuing to work with its auditors, Bright Graham Murray to finalise the audit of the financial statements for the year ended 31 December 2024. Despite the best efforts of all parties, the Company requires further time to finalise these accounts and for the auditor to complete its procedures with respect thereto.
As a result of the delay in publishing the 2024 Annual Report, the Company's shares will be temporarily suspended from the Official List and from trading on the London Stock Exchange with effect 7.30 a.m. on 1 May 2025 until the publication of its audited accounts. Following the publication of the 2024 Annual Report and Accounts the Company will make an application for the suspension to be lifted.
Alessandro Zamboni, Chief Executive Officer Commented:
"The Supply@Me team have been working diligently with Bright Graham Murray to deliver the accounts on time. Shareholders should be assured that publishing the accounts and removing the suspension of share trading remain our priority."
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, [email protected]
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.
Related Shares:
Supply@me Cap