Supply@ME Capital plc (LSE:SYME) today held a general meeting, intended as a discussion forum only, in which the "serious loss of capital" detailed in previous announcements was addressed.
The statement said the largely historical situation and, following today’s discussions, it was concluded that the company's anticipated increase in revenues commencing in 2022 from each of its three revenue streams will contribute towards alleviating the loss of capital.
“The ‘serious loss of capital does not itself have any specific bearing on the Company's current financial position or current trading performance,” the company said in the statement.
It added: “The board of SYME always welcomes dialogue with shareholders and today's general meeting provided a suitable forum for discussions on this issue to take place.”
Supply@ME is due to release a trading update on Friday December 31, covering the second half of 2021.
Shareholders were not asked to vote at today’s general meeting as it was a discussion forum only.