TIDMTNT
RNS Number : 2150A
Tintra PLC
21 September 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMMENT) (EU EXIT) REGULATIONS
2019/310.
21 September 2022
TINTRA PLC
("TNT", the "Group" or the "Company")
Exercise of Options and Conversion Rights
PCA Dealing & Holding in Company
Exercise of Options
The Board of Directors of the Company (the "Board") announces
that it received on 16 September 2022 a notice to exercise options
from a former director of the Company (the "Option Shares"). The
details of which were originally announced on 24 April 2018. The
option required the payment of GBP20,000 to the Company. As such it
is today issuing 20,000 ordinary shares of 1 pence each ("Ordinary
Shares") at an exercise price of 100p per Ordinary Share following
receipt of payment.
Convertible Loan Notes
The Company has today received a notice from Tintra Acquisitions
Limited ("TAL"), that in accordance with the financing agreement
announced on 25 March 2021 (as amended by the announcement of 15
July 2021), that TAL wishes to settle GBP100,000 of its existing
loan facility to the Company (the "Loan" - current balance
GBP467,500 plus accrued interest) through the issue of GBP100,000
of 5%, 3-year, convertible loan notes, convertible at a price of 10
pence per Ordinary Share (the "Convertible Loan Notes").
Immediately following the issue of the Convertible Loan Notes,
TAL has today requested to convert GBP25,000 of the Convertible
Loan Notes into 250,000 Ordinary Shares (the "Conversion Shares").
Following the issue of the Convertible Loan Notes and the Issue of
the Conversion Shares, the balance of the Loan will be GBP367,500
(plus accrued interest) and TAL will hold GBP75,000 on Convertible
Loan Notes.
PCA Dealing
TAL has today informed the Company that it has sold 90,000
Ordinary Shares in order to settle tax liabilities related to past
Ordinary Share transactions. Details of the transactions can be
found below (the "Sale").
Admission and Total Voting Rights
An application for the Option Shares and the Conversion Shares
to be admitted to trading on AIM will be made, with admission
expected to become effective on or around 28 September 2022
("Admission").
On Admission, the Company will have 15,118,669 Ordinary Shares
in issue, each with one voting right. There are no shares held in
treasury. Therefore, the Company's total number of Ordinary Shares
and voting rights will be 15,118,669 and this figure may be used by
shareholders from Admission as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Holding in the Company
On Admission (and subsequent to the Sale), TAL will hold
3,978,611 Ordinary Shares, equivalent to 26.32% of the current
issued Ordinary Shares.
Richard Shearer, Group CEO and Director of TAL commented,
"Today's conversion by TAL is in line with the long-stated strategy
I and John Cripps have shared of TAL ensuring that it maintains
itself as a Person of Significant Control ("PSC") during each
funding round dilution, whilst at the same time continuing to
remain below the 29.9% ownership threshold rules."
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) 244p 65,000
221p 20,000
222p 5,000
--------------------------- ------------------------------------
Aggregated
d) information
- Aggregated
volume
- Price 90,000
237.43p
-------------------------------- ------------------------------------
e) Date of the 65,000 - 16 Sep 2022
transaction 20,000 - 15 Sep 2022
5,000 - 14 Sep 2022
--------------------------- ------------------------------------
f) Place of LSE
the transaction
--------------------------- ------------------------------------
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 Issue of GBP100,000 of convertible loan notes,
the transaction convertible at 10p per ordinary share
--------------------- -----------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) N/A N/A
--------------------- -----------------------------------------------
d) Aggregated
information
- Aggregated
volume
- Price
--------------------- -----------------------------------------------
e) Date of the 21 Sep 2022
transaction
--------------------- -----------------------------------------------
f) Place of N/A
the transaction
--------------------- -----------------------------------------------
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 Conversion of GBP25,000 of convertible loan notes,
the transaction convertible at 10p per ordinary share
--------------------- ---------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 10p 250,000
--------------------- ---------------------------------------------------
d) Aggregated
information
- Aggregated
volume
- Price
--------------------- ---------------------------------------------------
e) Date of the 21 Sep 2022
transaction
--------------------- ---------------------------------------------------
f) Place of N/A
the transaction
--------------------- ---------------------------------------------------
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END
IOEEAKNFASLAEFA
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September 21, 2022 13:00 ET (17:00 GMT)
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