Tintra PLC Holding(s) in Company (5070K)
21 Diciembre 2022 - 7:00AM
UK Regulatory
TIDMTNT
RNS Number : 5070K
Tintra PLC
21 December 2022
21 December 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Holding in the Company
The board of directors of Tintra (the "Board") has been informed
that Tintra Acquisitions Limited ("TAL") on 16 (th) December 2022
issued new shares to an unconnected third party resulting in The
Tintra Trust's shareholding in TAL being diluted to 1% of the total
number of TAL shares in issue. This means that TAL is no longer a
person of significant control (as defined under UK company law). In
addition, Richard Shearer and John Cripps, both directors of the
Company, have ceased to be directors of TAL. TAL continues to hold
250,000 ordinary shares of 1 pence each in the capital of the
Company ("Ordinary Shares"), which is equivalent to 1.65% of the
total number of Ordinary Shares in issue, as well as GBP25,000 of
convertible loan stock, potentially convertible into a further
250,000 Ordinary Shares.
These assets remain in TAL further to earlier announcements and
are related to guarantees provided to St Daniel House Limited on
behalf of TAL. Following this transaction, TAL remains responsible
for the guarantees to the former Group subsidiary, St Daniel House
Limited, as announced on 8 December 2021 and updated on 8 November
2022 and TAL has informed the Company that it expects this matter
will be completed within the next 30 days.
Following the transaction, TAL's holding of Ordinary Shares will
not form part of the aggregated holding of The Tintra Trust. The
Tintra Trust now holds 3,728,611 Ordinary Shares, equivalent to
24.66% of the Company's issued Ordinary Shares.
John Cripps, Director of the Company, commented, "This
restructuring of TAL completes a lengthy process in which TAL
volunatarily underwrote a legacy GBP1.3m Company liability on
behalf of St Daniel House Limited, that has now been entirely drawn
down as part of the close out, hopefully this month. As we set out
to do great things around the world, we must be consistent in all
we do and that means even when it is challenging. TAL's voluntary
underwriting of that liability allowed available Company cash to be
deployed solely in to growth providing both a balance sheet benefit
to the Company and GBP1.3m of working capital that would not
ordinarily have been available."
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
HOLUAVURUAUUUAA
(END) Dow Jones Newswires
December 21, 2022 08:00 ET (13:00 GMT)
Tintra (LSE:TNT)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Tintra (LSE:TNT)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024