Supply@ME Capital plc: Securitised Note Issue

About this update from Supply@me Capital Plc

RNS Number : 1192K Abal Group PLC 20 April 2020   20 April 2020   Supply@ME Capital plc ("SYME") New inventory-backed Securitised Note Issue programme to commence     Supply@ME Capital PLC (SYME), the innovative international Fintech Platform which provides inventory monetisation services to European manufacturing and trading companies, is pleased to announce that it has entered into an agreement with StormHarbour Securities LLP ("StormHarbour"), an FCA Regulated independent global markets and financial advisory firm, for the issue, distribution and placing of a series of asset-backed securities which are guaranteed against inventories purchased directly by the Fintech Platform's special purpose vehicles.   SYME and StormHarbour are currently finalising the details of the securitisation programme which is anticipated to cover, within 12 months and through multi issuances, the whole of SYME's current portfolio of originated inventory contracts.   A further announcement will be made following completion of the placing of the initial issuance, including the amount raised and the sub-portfolio of inventories (and related sectors) that the Platform will commence monetising in favour of its clients.   Commenting on the new agreement, SYME Chief Executive, Alessandro Zamboni said: "The commencement of this programme is an important milestone in the Company's development, confirming the importance of our Platform's offering in supporting the working capital needs of  Companies and helping to monetise their inventory days, especially in light of the current, unprecedented global economic challenges, and the countless number of businesses impacted by the Coronavirus. Our partner, StormHarbour, has a reputation for integrity and trust together with the global expertise to foster this innovative securitisation programme and we are delighted to be working closely with them.     Enquiries:     Supply@ME Capital plc  c/o Walbrook PR Limited   Alessandro Zamboni, CEO    www.supplymecapital.com     Stanford Capital Partners Limited   (Corporate Broker)         Tel: +44 (0)203 815 8880   Patrick Claridge/Bob Pountney       Walbrook PR Limited     Tel: +44 (0)20 7933 8780   (Media and Investor Relations)    &nbs...

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