TIDMTNT

RNS Number : 3479B

Tintra PLC

10 February 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

10 February 2022

TINTRA PLC

("TNT", the "Group" or the "Company")

Holding in Company & PCA Dealing

On the 8 December 2021 the Company announced that a finance package had been agreed with Tintra Acquisitions Limited ("TAL") whereby it agreed to provide guarantees to certain legacy creditors of St Daniel House Ltd ("SDH"), the Group's wholly owned payment processing subsidiary, so that those liabilities could be removed from the Group's balance sheet.

As part of TAL's preparations to meet its obligations under the financing package the Board have been informed by TAL that it has sold 160,000 ordinary shares of 1 pence each ("Ordinary Shares") at an average price of 240.63p per Ordinary Share (the "Sale").

Following the Sale, TAL holds 3,818,611 Ordinary Shares, equivalent to 26.31% of the current issued Ordinary Shares.

Richard Shearer, Group CEO, said "In December TAL voluntarily underwrote GBP1,311,023 of balance sheet exposure on behalf of SDH as a show of its, and indeed my, continued commitment to the building of a world changing artificial intelligence driven banking infrastructure. The Sale provides a portion of those funds, with the balance coming from the broader Tintra Group and as such TAL does not anticipate any further disposals in the near term."

For further information, contact:

 
 Tintra PLC 
  (Communications Head) 
  Hannah Haffield 
  h.haffield@tintra.com 
  Website www.tintra.com                     020 3795 0421 
 
   Allenby Capital Limited 
   (Nomad, Financial Adviser & Broker) 
   John Depasquale / Nick Harriss / Vivek 
   Bhardwaj                                  020 3328 5656 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Tintra Acquisitions Limited 
      ---------------------------  ------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------- 
 a)    Position/status               PCA of PDMR (R Shearer - CEO) 
      ---------------------------  ------------------------------------ 
 b)    Initial notification         Initial notification 
        /Amendment 
      ---------------------------  ------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------- 
 a)    Name                         Tintra plc 
      ---------------------------  ------------------------------------ 
 b)    LEI                          213800YKVH5ISMCNWJ42 
      ---------------------------  ------------------------------------ 
 4     Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ----------------------------------------------------------------- 
 a)    Description                   Ordinary shares of 1p 
        of the financial 
        instrument, 
        type of instrument 
        Identification                GB00BHXM9D70 
        code 
      ---------------------------  ------------------------------------ 
 b)    Nature of                    Sales of shares 
        the transaction 
      ---------------------------  ------------------------------------ 
 c)    Price(s)                      Price(s)   Volume(s) 
        and volume(s)                 223p       30,000 
                                       229p       30,000 
                                       203p       35,000 
                                       245p       30,000 
                                       312p       20,000 
                                       303p       15,000 
      ---------------------------  ------------------------------------ 
       Aggregated 
 d)     information 
   - Aggregated 
    volume 
   - Price                           160,000 
                                      240.63p 
 --------------------------------  ------------------------------------ 
 e)    Date of the                  8 February 2022 
        transaction 
      ---------------------------  ------------------------------------ 
 f)    Place of                     LSE 
        the transaction 
      ---------------------------  ------------------------------------

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END

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February 10, 2022 10:59 ET (15:59 GMT)

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