23 June 2023
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 us by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow is pleased to announce that at the AGM held on 23 June 2023 all of the resolutions set out in the notice of AGM, dated 31 May 2023, were duly passed on a poll with the results as stated below.
| Resolution | Type | In Favour | % | Against | % | Total | Withheld* |
| 1. To receive the 2022 Annual Report and Accounts for the financial year ended 31 December 2022 together with the Directors' Report, Strategic Report and Auditors' Report on those accounts. | Ordinary | 2,642,162,737 | 99.74 | 6,886,125 | 0.26 | 2,649,048,862 | 1,264,772 |
| 2. To approve the Directors' remuneration report for the financial year ended 31 December 2022. | Ordinary | 2,629,954,150 | 99.31 | 18,232,816 | 0.69 | 2,648,186,966 | 2,126,668 |
| 3. To approve the Directors' Remuneration Policy. | Ordinary | 2,628,985,769 | 99.28 | 19,034,860 | 0.72 | 2,648,020,629 | 2,293,005 |
| 4. To reconfirm and approve actions taken in 2022 and to date in 2023 consistent with the proposed Directors' Remuneration Policy, referred to in Resolution 3 above, in light of the prior year's Directors' Remuneration Policy including a typographical error. | Ordinary | 2,633,932,715 | 99.48 | 13,849,400 | 0.52 | 2,647,782,115 | 2,531,519 |
| 5. To re-appoint Crowe U.K. LLP as auditors of the Company | Ordinary | 2,641,443,097 | 99.69 | 8,113,340 | 0.31 | 2,649,556,437 | 757,197 |
| 6. To authorise the Directors to determine the amount of the Auditors' remuneration. | Ordinary | 2,633,100,287 | 99.56 | 11,553,661 | 0.44 | 2,644,653,948 | 5,659,686 |
| 7. To re-appoint Mr. Albert Ganyushin as a Director. | Ordinary | 2,638,575,917 | 99.63 | 9,680,504 | 0.37 | 2,648,256,421 | 2,057,213 |
| 8. To appoint Ms. Alexandra Galligan as a Director. | Ordinary | 2,638,854,205 | 99.64 | 9,402,216 | 0.36 | 2,648,256,421 | 2,057,213 |
| 9. 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 those warrants that have been issued to Venus Capital S.A., Mercator Capital Management Fund LP and Open Offer Warrantholders; and (ii) provide a further general authority. In total the authorities would permit the Directors to shares or to grant rights to subscribe for or to convert any security into shares representing 30% of the total number of issued Ordinary Shares as at the date of this Notice. | Ordinary | 2,604,138,228 | 99.21 | 20,799,065 | 0.79 | 2,624,937,293 | 25,376,341 |
| 10. To authorise the Directors to disapply pre-emption rights in respect of the authorities granted pursuant to Resolution 9. | Special | 2,632,070,635 | 99.37 | 16,657,106 | 0.63 | 2,648,727,741 | 1,585,893 |
| 11. To authorise the Company to call (other than an annual general meeting) on not less than 14 clear days' notice. | Special | 2,639,480,715 | 99.67 | 8,851,249 | 0.33 | 2,648,331,964 | 1,981,670 |
*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/investor/shareholder-meetings/.
Contact information
Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com
MHP Group, SupplyME@mhpgroup.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 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.
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