Further to the announcement made by the Company on 26 May 2021 relating to the acquisition of TradeFlow Capital Management Pte. Ltd.[1] (“Tradeflow”) and the expected publication date of SYME’s 2020 Statutory Audited Financial Statements (“2020 Accounts”),
The Company confirms that it will now publish its 2020 Accounts following completion of the funding facility with a group of new investors. This investment of fresh capital will support SYME’s strategic developments, including the acquisition of TradeFlow.
The new funding is expected to be completed in the coming days and will be the subject of a separate announcement.
As a result, the Company’s 2020 Annual General Meeting (AGM) is also being rescheduled in order to give shareholders the requisite Notice of Meeting. Details of the AGM will be announced with the publication of the 2020 Accounts.
Notes
[email protected] 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 [email protected] platform enables them to sell (“monetise”) their stock and receive cash immediately to boost their working capital. The [email protected] 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, [email protected] Capital plc, [email protected]
