Tintra PLC Issue of Convertible Loan Notes & PCA Holding (6688F)
08 Noviembre 2022 - 3:00AM
UK Regulatory
TIDMTNT
RNS Number : 6688F
Tintra PLC
08 November 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
8 November 2022
TINTRA PLC
("TNT", the "Group" or the "Company")
Issue of Convertible Loan Notes
Holdings in the Company
The Company has 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 the remaining GBP321,990
(plus GBP4,687 of accrued interest) of its existing loan facility
to the Company (the "Loan") that may be settled by way of the issue
of 5%, 3-year, convertible loan notes, convertible at a price of 10
pence per Ordinary Share (the "Convertible Loan Notes"). A total of
GBP326,677 Convertible Loan Notes has therefore been issued to
TAL.
The issue of Convertible Loan Notes was capped at the time of
the financing agreement, as such the balance of the Loan after this
issue will be GBP52,500 (plus accrued interest), which relates to
re-drawn amounts on a revolving facility due to be repaid in cash
on 25 March 2023, in accordance with the original agreement.
PCA Dealing & Holding in the Company
TAL has today informed the Company that following the issue of
the Convertible Loan Notes, it will be transferring (the
"Transfer") certain of its holdings of Convertible Loan Notes and
ordinary shares of 1 pence in the capital of the Company ("Ordinary
Shares") to TAL's 100% shareholder, The Tintra Trust ("TTT"). The
ultimate control of the voting rights, as set out in the
announcement of 8 December 2021, following the Transfer remain
unchanged. The interest remains unchanged at 3,978,611 Ordinary
Shares, equivalent to 26.32% of the current issued Ordinary
Shares.
Following the Transfer, the holdings will be:
Total Ordinary Shares Total Convertible
Loan Notes
TAL 250,000 GBP25,000
TTT 3,728,611 GBP376,677
Richard Shearer, Group CEO and Director of TAL commented,
"Driven by the same housekeeping rationale as other actions in the
past few days, this step removes from Tintra plc's balance sheet
another repayable obligation and at the same time ensures that TAL
has assets available to be able to support the obligations it
voluntarily adopted to support St Daniel House which in turn has
also enhanced the Company's balance sheet by more than GBP1m."
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 Issue of GBP326,677 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 4 Nov 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 & The Tintra Trust
(The Tintra Trust is the owner of 100% of the
share capital of Tintra Acquisitions Limited)
--------------------- -----------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status PCA (both entities) 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 Transfer of GBP376,677 of convertible loan notes,
the transaction convertible at 10p per ordinary share and 3,467,111
Ordinary Shares from Tintra Acquisitions Limited
to The Tintra Trust
--------------------- -----------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) N/A 3,647,111
--------------------- -----------------------------------------------------
d) Aggregated
information
- Aggregated
volume
- Price
--------------------- -----------------------------------------------------
e) Date of the 4 Nov 2022
transaction
--------------------- -----------------------------------------------------
f) Place of N/A
the transaction
--------------------- -----------------------------------------------------
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END
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November 08, 2022 04:00 ET (09:00 GMT)
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