Directorate Change

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.

6 September 2024

Supply@ME Capital plc

(the "Company", "Supply@ME" or "SYME")

Board and Disclosure Committee Changes

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 in response to feedback from the shareholders at the AGM, it has resolved to expand the membership of its disclosure committee by appointing Alexandra Galligan to this committee effective immediately.

The full committee terms of reference can be found on the Company's website using the following link https://www.supplymecapital.com/governance-and-corporate-structure/.

The Company also announces that Enrico Camerinelli has provided his resignation from the Board and that a final departure date of 30 September 2024 has been mutually agreed.

Enrico has been a valuable Non-Executive Director since March 2020 and is departing in order to be free to pursue other interests and opportunities. The Board does not intend to replace Enrico at this time in view of maintaining control over costs and considering that after Enrico's departure the Board will still consist of majority of independent directors.

Albert Ganyushin, Chairman of the Board commented:

"The Supply@ME Board values the feedback from the shareholders and believes the developments in the areas identified and shared with us during the AGM process attest to that. I am saddened by Enrico's departure from the Board as he has been a valued member of the team over the last four plus years, however I know he will continue to support us in any way he can as the Company develops."

Enrico Camerinelli, SYME Non-Executive Director said:

"It is with regret that I am stepping down from the Board of Supply@ME to pursue some other exciting opportunities. I remain committed to the vision of the Company and intend to stay connected and to provide future support as needed. The team and the Platform have developed significantly during my tenure as a Non-Executive Director and I look forward to seeing the future successes of the company."

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.