TIDMTNT

RNS Number : 8824M

Tintra PLC

24 September 2021

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

   24 September   2021 

TINTRA PLC

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

Conversion of Loan Stock, Strategic Investment & PDMR Dealing

Conversion of Loan Stock

The Board of Directors of the Company (the "Board") is pleased to announce that Tintra Acquisitions Limited ("TAL") yesterday issued a conversion notice in relation to GBP50,000 of its convertible loan stock, convertible into 500,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 10 pence per Ordinary Share (the "Conversion Shares"). An application will be made to admit to trading on AIM the Tintra Conversion Shares on or around 30 September 2021 ("Admission").

Strategic Investment

The Board have been informed by TAL that it has sold 300,000 Ordinary Shares at 157p per Ordinary Share to Daniel Pittack, a London-based strategic investor, which will result in him holding 2.36% of the Ordinary Shares (post Admission).

PDMR Dealing

The Board have also been informed by TAL that it has transferred 30,000 Ordinary Shares at nil cost to Portulaca Limited, a company controlled by Kathy Cox, a non-executive director of the Company, and has sold a further 10,000 Ordinary Shares.

Following Admission, 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:

 
 Shareholder                         Number of Ordinary           Percentage 
                                            Shares Held    of Total Ordinary 
                                                                 Shares Held 
 
 Tintra Acquisitions Ltd (John 
  Cripps) (1) *                               3,295,633               25.89% 
                                    -------------------  ------------------- 
 Phil Jackson (2)                             2,208,801               17.35% 
                                    -------------------  ------------------- 
 Oyster Trust SARL as trustee                 1,122,941                8.82% 
                                    -------------------  ------------------- 
 Andrew Flitcroft                               627,237                4.93% 
                                    -------------------  ------------------- 
 James Rose (3)                                 506,507                3.98% 
                                    -------------------  ------------------- 
 Jonathan Edwards                               503,880                3.96% 
                                    -------------------  ------------------- 
 Empire Global Management Limited               500,000                3.93% 
                                    -------------------  ------------------- 
 Dan Pym *                                      302,625                2.38% 
                                    -------------------  ------------------- 
 Roger Matthews *                               104,407                0.82% 
                                    -------------------  ------------------- 
 Arno Rudolf *                                   69,407                0.55% 
                                    -------------------  ------------------- 
 Graeme Paton *                                  41,667                0.33% 
                                    -------------------  ------------------- 
 Kathy Cox *                                     30,000                0.24% 
                                    -------------------  ------------------- 
 

1. John Cripps, a non-executive director of the Company, is the sole shareholder of Tintra Acquisitions Ltd. This includes 15,000 Ordinary Shares held personally by Mr Cripps.

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.

3. Includes Ordinary Shares held by Management Express Limited, a company controlled by Mr Rose. Mr Rose is a subsidiary director of the Group.

   *    Director of the Company. 

Total Voting Rights

On Admission, the Company will have 12,729,533 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 12,729,533 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.

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 
       instrument, 
       type of instrument      GB00BHXM9D70 
       Identification 
       code 
     ---------------------  --------------------------------------------------- 
 b)   Nature of              Conversion of convertible loan stock, convertible 
       the transaction        into Tintra Ordinary Shares of 1p at a conversion 
                              price of 10p per share 
     ---------------------  --------------------------------------------------- 
 c)   Price(s)                Price(s)   Volume(s) 
       and volume(s)           10p        500,000 
     ---------------------  --------------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated            n/a (single transaction) 
       volume 
       - Price 
     ---------------------  --------------------------------------------------- 
 e)   Date of the            23 September 2021 
       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 (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)           157p       300,000 
     ---------------------  ------------------------------------------------- 
 d)   Aggregated              n/a (single transaction) 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------- 
 e)   Date of the            23 September 2021 
       transaction 
     ---------------------  ------------------------------------------------- 
 f)   Place of               Off Market 
       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 (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              Transfer out of shares at nil cost 
       the transaction 
     ---------------------  -------------------------------------------------- 
 c)   Price(s)                Price(s)   Volume(s) 
       and volume(s)           0p         30,000 
     ---------------------  -------------------------------------------------- 
 d)   Aggregated              N/A 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  -------------------------------------------------- 
 e)   Date of the            23 September 2021 
       transaction 
     ---------------------  -------------------------------------------------- 
 f)   Place of               Off market 
       the transaction 
     ---------------------  -------------------------------------------------- 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ------------------------------------------------------------------------- 
 a)   Name                   Portulaca Limited 
     ---------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status         PCA of PDMR (Kathy Cox - 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              Receipt of shares at nil cost 
       the transaction 
     ---------------------  -------------------------------------------------- 
 c)   Price(s)                Price(s)   Volume(s) 
       and volume(s)           0p         30,000 
     ---------------------  -------------------------------------------------- 
 d)   Aggregated              N/A (Single Transaction) 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  -------------------------------------------------- 
 e)   Date of the            23 September 2021 
       transaction 
     ---------------------  -------------------------------------------------- 
 f)   Place of               Off market 
       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 (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)           61.2p      10,000 
     ---------------------  ------------------------------------------------- 
 d)   Aggregated              n/a (single transaction) 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------- 
 e)   Date of the            22 September 2021 
       transaction 
     ---------------------  ------------------------------------------------- 
 f)   Place of               London Stock Exchange 
       the transaction 
     ---------------------  ------------------------------------------------- 
 

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September 24, 2021 02:29 ET (06:29 GMT)

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