Response to erroneous media article

RNS Number : 2825Z

Supply @ME Capital PLC

17 September 2020

 

17 September 2020

Supply@Me Capital plc

(The "Company", "SYME" or "Supply@Me")

Response to erroneous media article

Supply@ME Capital plc, the innovative fintech platform which provides a unique, market leading Inventory Monetisation^© service to European manufacturing and trading companies, is aware that a totally erroneous article reviewing a series of fabricated SYME forecasts was issued yesterday afternoon.  This appeared on more than one "fake news" website.

SYME wishes to make clear that the article was both inaccurate and misleading and that it totally dissociates itself with the content.

The Company notes that, pursuant to its Social Media Policy, it monitors and reviews online media activity so that where required it can highlight erroneous information that could cause confusion and erratic price movements.

The Directors of SYME expect to announce more detailed updates on its inventory funding and client company origination partnerships across all regions via the Regulatory News Service of The London Stock Exchange in the coming days.

Notes

Supply@ME enables businesses to generate cashflow, without incurring debt, by monetising their existing stock.  Before a business has found an end-customer for its inventory, the Supply@ME platform enables them to sell ("monetise") their stock and receive cash immediately to boost their working capital. The Supply@ME service enables strong companies to improve their working capital cycle.  SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell.

Contacts

Alessandro Zamboni, CEO, Supply@ME Capital plc, [e-mail]

Paul Vann, Walbrook PR Limited: [phone]

Brian Norris, Cicero/AMO, [phone]

 

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