[email protected] CEO clarifies call option purchase
[email protected] Capital PLC (LON:SYME) said it has been informed by its chief executive Alessandro Zamboni, for clarification purposes, that the purchase of a call option for consideration by Orchestra Group, announced on September 24, is an arms-length arrangement with a regulated institutional entity which is not a related party of Orchestra Group.
WATCH: [email protected] Capital breaks down new funding ‘opportunity’ agreement with ‘captive bank’
The inventory monetisation group also said that following an update to its inventory funding and institutional investor relationships on September 10, 2020, and pursuant to the confidentiality agreements signed with its partners and client companies, that it “looks forward to updating shareholders further on its business operations and their related financial impacts in the coming days”.
The company’s shares were 3.1% lower at 0.5p in early deals on Friday.
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