Tintra PLC Further re. Strategic Investment (3021Z)
24 Enero 2022 - 01:00AM
UK Regulatory
TIDMTNT
RNS Number : 3021Z
Tintra PLC
24 January 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
24 January 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Further re. Strategic Investment Under Funding Round
Further to the Company's announcement on 17 January 2022
regarding progress with the Funding Round announced on 10 January
2022, confirmation has been received from Cap-Meridian Ventures
Ltd.'s UK clearing bankers that the payment of US$1 million payable
to the Company in settlement of the subscription for 148,511 new
ordinary shares of 1 pence each in the capital of the Company (the
"Subscription Shares") is in the final stages of being processed.
Completion of the funds transfer had been expected by all parties
on Friday, but this was not possible before close of business.
Due to the quantum of the payment, a final verbal security
verification is needed in order to process the payment to the
Company. Accordingly, while there can be no guarantee as to
timings, the final element of the processing of the payment of US$1
million is now expected to be completed today, 24 January 2022. The
Company will make a further announcement as and when this final
process is completed, funds are credited to the Company and the
Subscription Shares are to be issued.
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
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END
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