28 June 2024
Supply@ME Capital plc
(the "Company" or "SYME")
Result of Annual General Meeting ("AGM")
SYME, the fintech business which provides an innovating platform ("Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, announces that at the AGM held on 26 June 2024 all of the resolutions, with the exception of resolution 7, set out in the notice of AGM, dated 29 May 2024, were duly passed on a poll with the results as stated below.
| Resolution | Type | In Favour | % | Against | % | Total | Withheld* |
| 1. To receive the 2023 Annual Report and Accounts for the financial year ended 31 December 2023 together with the Directors' Report, Strategic Report and Auditors' Report on those accounts. | Ordinary | 3,710,074,883 | 91.50 | 344,453,243 | 8.50 | 4,054,528,126 | 28,003,847 |
| 2. To approve the Directors' remuneration report for the financial year ended 31 December 2023. | Ordinary | 2,872,373,779 | 70.76 | 1,186,876,220 | 29.24 | 4,059,249,999 | 23,281,974 |
| 3. To re-appoint Crowe U.K. LLP as auditors of the Company. | Ordinary | 3,700,624,551 | 91.32 | 351,736,537 | 8.68 | 4,052,361,088 | 30,170,885 |
| 4. To authorise the Directors to determine the amount of the Auditors' remuneration. | Ordinary | 3,653,541,038 | 90.30 | 392,562,772 | 9.70 | 4,046,103,810 | 36,428,163 |
| 5. To re-appoint Mr. Enrico Camerinelli as a Director. | Ordinary | 3,580,403,732 | 88.80 | 451,454,690 | 11.20 | 4,031,858,422 | 50,673,551 |
| 6. To authorise the Directors to: (i) allot shares or to grant rights to subscribe for or to convert any security into shares in relation to any warrants; and (ii) provide a further general authority. In total the authorities would permit the Directors to allot and issue ordinary share capital in the Company or to grant rights to subscribe for or to convert any security into shares up to an aggregate amount of 20% of the total number of issued ordinary shares in the Company as set out in the notice of the meeting rather than the Chairman's letter. | Ordinary | 2,296,718,863 | 56.50 | 1,768,516,039 | 43.50 | 4,065,234,902 | 17,297,071 |
| 7. To authorise the Directors to disapply pre-emption rights in respect of the authorities granted pursuant to Resolution 6. | Special | 2,839,515,722 | 70.01 | 1,216,197,726 | 29.99 | 4,055,713,448 | 26,818,525 |
| 8. To authorise the Company to call (other than an annual general meeting) on not less than 14 clear days' notice. | Special | 3,707,371,648 | 90.96 | 368,248,251 | 9.04 | 4,075,619,899 | 6,912,074 |
*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.
The results are also available on the Company's website by following the link below: https://www.supplymecapital.com/shareholder-meetings/.
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.
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