TIDMTNT
RNS Number : 5742I
Tintra PLC
13 August 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMMENT) (EU EXIT) REGULATIONS
2019/310.
13 August 2021
TINTRA PLC
("TNT", the "Group" or the "Company")
Exercise of Option, Issue of Shares and Issue of Convertible
Loan Stock
Exercise of Option
The Board of Directors of the Company (the "Board") is pleased
to announce that further to the announcement of 25 March 2021 (the
"Announcement"), Tintra Acquisitions Limited ("Tintra") has today
exercised its option to acquire 1,332,328 ordinary shares of 1
pence each ("Ordinary Shares") at a price of 10 pence per Ordinary
Share, for a total value of GBP133,232.80, in settlement of
invoiced Management Services of the same amount, as set out in the
Announcement (the "Tintra Shares").
Issue of Shares
Following the issue of the Tintra Shares, Tintra will hold the
equivalent to 29.90 per cent of the issued Ordinary Shares. An
application will be made to admit to trading on AIM the Tintra
Shares on or around 19 August 2021 ("Admission"). The Company
confirms that the Relationship Agreement with Tintra set out in the
announcement of 2 July 2021 was entered into on 29 July 2021.
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:
Percentage of
Number of Ordinary Ordinary Shares
Shareholder Shares Held Held
Tintra Acquisitions Ltd (John
Cripps) (1) * 1,794,639 29.90%
Empire Global Management Limited 500,000 8.33%
Phil Jackson (2) 415,650 6.93%
John Botros (3) 300,000 5.00%
Christian Russell 300,000 5.00%
James Rose (4) 298,921 4.98%
Oyster Trust SARL as trustee 252,736 4.21%
J M Malone (5) 206,236 3.44%
Dan Pym * 91,666 1.53%
Roger Matthews * 41,667 0.69%
Graeme Paton * 41,667 0.69%
Arno Rudolf * 16,667 0.28%
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, a company
controlled by Mr Jackson and 33,333 Ordinary Shares, Post Changes,
to be held by Tilly Beazley, Mr Jackson's wife.
3. Includes 100,000 Ordinary Shares held by MDC Nominees
Limited, a company controlled by Mr Botros. Mr Botros is a
subsidiary director of the Group.
4. Includes Ordinary Shares held by Management Express Limited,
a company controlled by Mr Rose. Mr Rose is a subsidiary director
of the Group.
5. J M Malone is Mr Botros' wife. Includes 160,000 Ordinary
Shares held by Bluedale Corporate Limited, a company controlled by
Ms Malone.
* Director of the Company.
Issue of Convertible Loan Stock
The Board is also pleased to announce that in accordance with
the Announcement, Tintra has received written notice of election to
have GBP250,000 of its Loan Facility to the Company (see also the
announcement of 15 July 2021), plus accrued interest of GBP6,990,
to be repaid by way of the issue of GBP256,990 of convertible loan
stock, which have today been issued. The Convertible Loan Notes
have materially the same terms as those announced by the Company on
30 June 2020:
-- Issued in multiples of GBP1.00;
-- A maturity date of 3 years from issue;
-- Convertible into the Ordinary Shares at a price of 10 pence
per Ordinary Share at any date until maturity;
-- Pay a coupon of 5 per cent per annum, which shall accrue
until conversion or redemption, and on conversion, may be converted
into Ordinary Shares on the same terms as set out above;
-- Are unsecured; and
-- Are not transferrable except in limited circumstances.
Total Voting Rights
On Admission, the Company will have 6,002,136 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 6,002,136 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.
Update on QFC Licence Application
The Company can confirm that it has submitted all the required
documentation for its application for a full banking licence in the
Qatar Financial Centre.
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 Initial notification
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 Exercise of Option
the transaction
------------------ -------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 10p 1,332,328
------------------ -------------------------------------------------
d) Aggregated n/a (single transaction)
information
- Aggregated
volume
- Price
------------------ -------------------------------------------------
e) Date of 13 August 2021
the 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 Initial notification
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 Issue of GBP256,990 of convertible loan stock,
the transaction convertible 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 N/A
------------------ -------------------------------------------------
d) Aggregated n/a (single transaction)
information
- Aggregated
volume
- Price
------------------ -------------------------------------------------
e) Date of 13 August 2021
the transaction
------------------ -------------------------------------------------
f) Place of N/A
the transaction
------------------ -------------------------------------------------
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END
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August 13, 2021 02:00 ET (06:00 GMT)
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