TIDMTNT

RNS Number : 6458N

Tintra PLC

01 October 2021

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

   1 October   2021

TINTRA PLC

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

Business Update, Board Changes,

Total Voting Rights & PDMR Dealing

Business Update

Further to the announcement of 30 July 2021, the Board has concluded that the most appropriate way of progressing its strategy to operate a business authorised as an Electronic Money Institution by the UK Financial Conduct Authority is through acquisition. The Board has identified a potential target (the "Target") and accordingly is in advanced negotiations with the Target. No binding contract with the Target has been finalised at this stage and accordingly, there can be no assurance that this or any other acquisition will complete until contracts between parties are finalised.

Secondly, following the conclusion of the analysis of the lottery administration business announced on 1 September 2021, after which various options were being considered, the Company informs shareholders that it has received an offer for this business, which is currently under review by the Board. A decision on this is expected to be taken within two weeks.

Thirdly, the Company has concluded discussions regarding a joint venture with a leading developer of artificial intelligence ("AI") software within the financial technology sector. The use of AI software is a core element of the Group's strategy for radically improving payments between emerging and developed economies. It is expected that an announcement on this will be made during week commencing 4 October 2021.

Further updates will be provided at the appropriate time on all the above.

Board Changes

Arno Rudolf and Graeme Paton have both informed the Company that they are stepping down from the Board with effect from the end of September 2021 in order to concentrate on their other business activities. Mr Paton has also ceased his executive role. The Board would like to express its sincere thanks to both Mr Rudolf and Mr Paton for their contributions over the last few years.

Total Voting Rights

The Company has 12,729,533 ordinary shares of 1 pence each ("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 is 12,729,533 and this figure may be used by shareholders 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.

PDMR Dealing

The Board have also been informed by Tintra Acquisitions Limited that it has sold 5,000 Ordinary Shares, and now holds 3,290,633 Ordinary Shares, equivalent to 25.85% of the issued Ordinary Shares.

For further information, contact:

 
 Tintra PLC 
  Richard Shearer, CEO 
  Website www.sjhplc.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 (J Cripps - Non-Executive Director) 
     ---------------------  ------------------------------------------------- 
 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        GB00BHXM9D70 
       instrument, 
       type of instrument 
       Identification 
       code 
     ---------------------  ------------------------------------------------- 
 b)   Nature of              Sale of shares 
       the transaction 
     ---------------------  ------------------------------------------------- 
 c)   Price(s)                Price(s)   Volume(s) 
       and volume(s)           75p        5,000 
     ---------------------  ------------------------------------------------- 
 d)   Aggregated              n/a (single transaction) 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------- 
 e)   Date of the            28 September 2021 
       transaction 
     ---------------------  ------------------------------------------------- 
 f)   Place of               London Stock Exchange 
       the transaction 
     ---------------------  -------------------------------------------------

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

BOALMMPTMTAJBIB

(END) Dow Jones Newswires

October 01, 2021 02:00 ET (06:00 GMT)

Tintra (LSE:TNT)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Tintra.
Tintra (LSE:TNT)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Tintra.