Tintra PLC Holding(s) in Company & Update re Lottery Business (8549Z)
27 Enero 2022 - 04:02AM
UK Regulatory
TIDMTNT
RNS Number : 8549Z
Tintra PLC
27 January 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
27 January 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Update of Board & Substantial Shareholders
Update re Sale of Lottery Business
Board & Significant Shareholder Update
Following the announcement of 26 January 2022, the Board of
Directors of Tintra (the "Board") would like to add some further
information.
Firstly, following the issue of new ordinary shares of 1 pence
each in the capital of the Company ("Ordinary Shares"), the
shareholdings of the Board and Significant Shareholders (as defined
in the AIM Rules for Companies) will be, to the best of the
Company's knowledge, as follows on the admission of the new
Ordinary Shares:
Percentage of
Number of Ordinary Ordinary Shares
Shareholder Shares Held Held
Tintra Acquisitions Ltd (Richard
Shearer) (1) * 3,978,611 27.41%
Phil Jackson (2) 2,289,958 15.78%
Oyster Trust SARL as trustee 1,122,941 7.74%
Time Machine Capital 2 Limited 636,475 4.39%
Andrew Flitcroft 627,237 4.32%
Jonathan Edwards 506,507 3.49%
Empire Global Management Limited 500,000 3.44%
Roger Matthews * 104,407 0.72%
Kathy Cox * 30,000 0.21%
John Cripps * 15,000 0.10%
1. Richard Shearer, CEO of the Company, indirectly controls
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.
* Director of the Company.
Issue of Loan Stock
On 25 January 2022 Tintra Acquisitions Limited ("TAL") was
issued GBP78,010 of Convertible Loan Stock (the "New Conversion")
and it converted that plus already held Convertible Loan Stock to a
total of GBP100,000.
The Convertible Loan Stock was issued in accordance with terms
set out in the announcement of 25 March 2021.
As such, the New Conversion has reduced the amount of the loan
outstanding to TAL announced on 15 July 2021 by the same
amount.
Gift from Tintra Acquisitions Limited to The Tintra
Foundation
The Company has been notified that the transfer of Ordinary
Shares gifted by TAL to the Tintra Foundation for the purposes of
funding the Company's Environmental, Social & Governance
program, announced on 10 January 2022, was completed on 25 January
2022.
Sale of Lottery Business
Further to the Company's announcement of 21 October 2021, the
Board would like to provide an update in respect of the sale of
certain assets of Prize Provision Services Limited (the "Lottery
Administration Business") to Sterling Management Centre Ltd (the
"Buyer").
The transaction is proceeding well with a good working
relationship between the Buyer and the Lottery Administration
Business. As the transaction has progressed there have been some
unexpected complexities that have needed navigating. These are
mainly related to complex banking requirements and having to ensure
the many hundreds of charities that rely on the Lottery
Administration Business are considered at every step of the way.
This has meant matters are taking slightly longer than anticipated,
however both Parties are operating on a time is of the essence
basis.
The Company and the Buyer have a target of signing the Sales and
Purchase Agreement during the middle part of February. The Board
fully expects the transaction to close as anticipated, with the
time amendment stated herein being the only variance.
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
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 (R Shearer - CEO)
--------------------- ----------------------------------------------------
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 Issue of convertible loan stock, convertible into
the transaction Tintra Ordinary Shares of 1p at a conversion price
of 10p per share in settlement of existing loan
amounts outstanding.
--------------------- ----------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) GBP1.00 GBP78,010
--------------------- ----------------------------------------------------
d) Aggregated n/a (single transaction)
information
- Aggregated
volume
- Price
--------------------- ----------------------------------------------------
e) Date of the 25 January 2022
transaction
--------------------- ----------------------------------------------------
f) Place of N/A
the transaction
--------------------- ----------------------------------------------------
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