Tintra PLC Conversion of Securities (6526I)
13 Agosto 2021 - 9:39AM
UK Regulatory
TIDMTNT
RNS Number : 6526I
Tintra PLC
13 August 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
13 August 2021
TINTRA PLC
("TNT", the "Group" or the "Company")
Conversion of Loan Stock & Strategic Investment
Conversion of Loan Stock
The Board of Directors of the Company (the "Board") is pleased
to announce that following the announcements made earlier today,
Tintra Acquisitions Limited ("Tintra") has today issued a
conversion notice in relation to GBP185,000 of its convertible loan
stock, convertible into 1,850,000 ordinary shares of 1 pence each
("Ordinary Shares") at a price of 10 pence per Ordinary Share (the
"Tintra Conversion Shares").
In addition, the holders of the convertible loan stock whose
conversion was announced earlier today have also converted all
accrued interest on the loan stock up to the date of conversion
(GBP22,739.70) into 227,397 new Ordinary Shares at a price of 10
pence per Ordinary Share (the "Further Conversion Shares").
Issue of Shares
An application will be made to admit to trading on AIM the
Tintra Conversion Shares and Further Conversion Shares on or around
20 August 2021 ("Admission"). 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) * 3,644,639 29.80%
------------------- -------------------
Phil Jackson (2) 2,208,801 18.06%
------------------- -------------------
Oyster Trust SARL as trustee 1,122,941 9.18%
------------------- -------------------
Andrew Flitcroft 627,237 5.13%
------------------- -------------------
James Rose (3) 509,880 4.17%
------------------- -------------------
Jonathan Edwards 506,507 4.14%
------------------- -------------------
Empire Global Management Limited 500,000 4.09%
------------------- -------------------
Dan Pym * 302,625 2.47%
------------------- -------------------
Roger Matthews * 94,407 0.77%
------------------- -------------------
Arno Rudolf * 69,407 0.57%
------------------- -------------------
Graeme Paton * 41,667 0.34%
------------------- -------------------
1. John Cripps, a non-executive director of the Company, is the
sole shareholder of 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.
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.
Strategic Investment
The Board have been informed by Tintra that it has agreed to
sell 359,006 Ordinary Shares that it currently holds at 80.78p per
Ordinary Share to a strategic Asian-based investor (the
"Investor"). Once the sale is completed, which is expected before
the end of August, the Investor will hold 2.94% of the Ordinary
Shares (post Admission). A further announcement will be made once
this transaction is completed.
Total Voting Rights
On Admission, the Company will have 12,229,533 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 10,152,136 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 3655 5000
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 1,850,000
--------------------- ---------------------------------------------------
d) Aggregated
information
- Aggregated n/a (single transaction)
volume
- Price
--------------------- ---------------------------------------------------
e) Date of the 13 August 2021
transaction
--------------------- ---------------------------------------------------
f) Place of N/A
the transaction
--------------------- ---------------------------------------------------
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END
CONFLFVSTDIVLIL
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