TIDMTNT
RNS Number : 3593V
Tintra PLC
13 December 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
13 December 2021
TINTRA PLC
("Tintra", the "Group" or the "Company")
Appointment of Chief Financial Officer
Holdings in the Company
Appointment of Chief Financial Officer
The Board is pleased to announce the appointment today of Abdul
Sajid ("Sajid") as the Chief Financial Officer ("CFO") for the next
stage of the Group's progress and as an Executive Director of the
Company.
Sajid currently holds the role of CFO at Tintra Holdings Ltd
("TH"), the UAE based holding company that indirectly controls the
largest shareholding in the Company. TH's primary activities are as
a hybrid Family Office and investment management firm that provides
service to UHNW business families, sovereign funds and ruling
families in the emerging world. During his professional career,
Sajid has served in senior roles in several companies across
various sectors including mutual funds, real estate, construction,
financial advice and investment management.
Sajid started his working career in 2006 in parallel with his
studies in Pakistan and moved to Dubai in 2011, joining TH in 2016
as CFO, where he has subsequently dealt with a range of complex
transactions for very high-profile clients. Most recently he led
the team dealing with the review of the Group's existing payment
services business, the results of which were announced on 8
December 2021. Sajid will continue his role as CFO of TH alongside
his new position at the Company and will split his time between the
UK and the UAE. Post the already announced funding round being
completed, the Company will commence a HR process in Q1 which will
include the hiring of a full finance function in the UK with
banking and/or fintech experience in line with the Company's go
forward strategy.
Sajid is a member of Association of Chartered Certified
Accountants (ACCA UK) and qualified as a member and position holder
of Institute of Cost and Management Accountants of Pakistan
(ICMAP), following the completion of a masters degree in economics
from the University of Karachi in 2009.
Richard Shearer , Tintra's CEO, said, " I have worked hand in
glove with Sajid for a long time both in his role in TH and before
in other ventures together. I value his skills and problem-solving
abilities immensely. His attention to detail and ability to model
complex businesses needs into understandable financial strategies
has been integral in the execution of a number of quite unique
transactions and I am absolutely certain he will be an invaluable
resource as we build the foundation for growth.
He has been instrumental in assisting the rest of the team
rationalise the outdated process and procedures we adopted, and I
am delighted that he will step into the Company in an interim
position as we continue the transition process into a world beating
Artificial Intelligence driven RegTech provider."
The Company can confirm that Dan Pym resigned as a director of
the Company and several subsidiaries on 10 December 2021.
Holdings in the Company
Following certain off-market transactions, the Company has been
informed that James Rose no longer holds a notifiable position in
the ordinary shares of 1 pence each in the capital of the Company
("Ordinary Shares") and that Phil Jackson has increased his holding
of Ordinary Shares. Following the change of ownership of Tintra
Acquisitions Ltd ("TAL") that was announced on 8 December 2021, the
shareholding of John Cripps, a non-executive director of the
Company, is no longer aggregated with that of TAL. Following these
transactions, the Shareholdings of the Board and Significant
Shareholders (as defined in the AIM Rules for Companies) will be as
follows, to the best of the Company's knowledge:
Percentage of
Number of Ordinary Ordinary Shares
Shareholder Shares Held Held
Tintra Acquisitions Ltd (Richard
Shearer) (1) * 3,275,633 24.51%
Phil Jackson (2) 2,289,958 17.13%
Oyster Trust SARL as trustee 1,122,941 8.40%
Time Machine Capital 2 Limited 636,475 4.76%
Andrew Flitcroft 627,237 4.69%
Jonathan Edwards 506,507 3.79%
Empire Global Management Limited 500,000 3.74%
Roger Matthews * 104,407 0.78%
Kathy Cox * 30,000 0.22%
John Cripps * 15,000 0.11%
1. Richard Shearer, CEO of the Company, indirectly controls
Tintra Acquisitions Ltd.
2. Includes Ordinary Shares held by Moorhen Limited and Pintail
Holdings Ltd, companies controlled by Mr Jackson and 33,333
Ordinary Shares held by Tilly Beazley, Mr Jackson's wife.
* Director of the Company.
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
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Abdul Sajid
(sometimes with the added suffix of Abdul Malik, his father's name,
in accordance with Arabic naming practices, and known as "Sajid")
(aged 35) holds, or has held in the past 5 years, the following
directorships and partnerships:
Current Past five years
Nearchi Investment PLC (Cyprus) Tintra Investment Ltd (UK)
Tintra Holdings Ltd (UK)
Sajid has no current interest in the ordinary share capital of
the Company.
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END
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