Business
Result of General Meeting
Result of General Meeting.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n\n23 June 2023\n\nSupply@ME Capital plc\n(the \"Company\" or \"SYME\")\nResult of General Meeting of Open Offer Warrantholders\nSYME today announces at a general meeting of holders of warrants (\"Open Offer Warrantholders\") issued pursuant to a warrant instrument created by the Company, dated 21 July 2022 (the \"Open Offer Warrant Instrument\"), a special resolution (the \"Resolution\") put to all Open Offer Warrantholders was duly passed on a poll with the results as stated below.\n\n\n\nResolution\n\n\nIn Favour\n\n\n%\n\n\nAgainst\n\n\n%\n\n\nTotal\n\n\nWithheld*\n\n\n\n\nTo approve amendments to the Open Offer Warrant Instrument as set out in the notice to Open Offer Warrantholders dated 31 May 2023.\n\n\n37,003,399\n\n\n99.92\n\n\n28,734\n\n\n0.08\n\n\n37,032,133\n \n\n\n1,939\n\n\n\n*A vote withhold is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' and 'Against' a resolution.\nThe results are also available on the Company's website by following the link below: https://www.supplymecapital.com/investor/shareholder-meetings/.\nContact information\nAlessandro Zamboni, CEO, Supply@ME Capital plc, [email protected]\nMHP Group, [email protected]\nNotes\nSYME 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 that are part of a typical import/export transaction. SYME announced in August 2021 the launch of a global IM programme which will be focused on both inventory in transit monetisation and warehoused goods monetisation. This programme will be focused on creditworthy companies and not those in distress or otherwise seeking to monetise illiquid inventories.\n\n","length":5009,"tagName":"div"}]