RNS Number : 5509O

Tintra PLC

08 October 2021


   8 October   2021 


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

Notice of General Meeting

Change of Website

Update on JV

Notice of General Meeting

The board of directors of the Company (the "Board") stated a desire to raise further capital in the announcement of 30 July 2021 in order to finance its expansion plans, which it is planning to undertake during 4Q21 or 1Q22. As part of this process, the Board is today posting a notice of a general meeting ("GM") of the Company's shareholders (the "Notice"). The resolutions that will be put to shareholders at the GM are for increased authorities to issue the Company's ordinary shares of 1 pence each ("Ordinary Shares") in a fundraising.

The GM will be held at 11.00am on 4 November 2021, at the Company's registered office, 2nd Floor, Berkeley Square House, Berkeley Square, London W1J 6BD. A copy of the Notice can be viewed on the Company's website.

While COVID-19 restrictions have largely been lifted in England, we would strongly recommend that shareholders do not attend the GM in person as the safety of our staff and shareholders is paramount. In addition, the Company will require any shareholders who attend in person to wear a face covering at all times, provide proof of having received both doses of an NHS-approved vaccination at least two-weeks prior and comply with strict 2m social distancing requirements. All resolutions will be taken on a poll (including votes cast by proxy). Shareholders will be able to vote by proxy using the usual online and postal facilities and further details on how to vote are set out in the Notice.

To enable shareholders to virtually attend the GM, the Company has put in place an online video link, for which shareholders may register to use at https://tintra.com/gmregistration/. Registrations must be submitted no later than 11.00am on 2 November 2021 by providing the Company with a valid email address and the shareholder's name and address details as recorded on the Company's shareholder register and maintained by the Company's registrar SLC Registrars. Should Ordinary Shares be held via nominee service, then a valid letter of confirmation must be provided to enable registration and access to the video link.

In accordance with Regulation 41 of the Uncertificated Securities Regulations 2001, the Company specifies that only those Shareholders registered on the Company's register of members as at 6:30pm on 2 November 2021 (or in the case of adjournment forty-eight hours before the time of the adjourned meeting) will be entitled to attend the Annual General Meeting via the video link.

Once shareholder details are confirmed an access link will be emailed to the shareholder no later than 10.00am on 4 November 2021. The Board will be available to answer shareholder's questions.

Richard Shearer, Chief Executive of Tintra, said: "We have developed over the past 8 weeks or so a detailed roadmap and strategy plan that takes us into late 2022. We are in current discussions with a number of familiar names for a current funding round to execute on Phase 1 of the roadmap. We further have some soft commitments for a Phase 2 round for next summer. We are further cognisant that our stock would benefit from deeper liquidity, and we are aiming to address this with our anticipated admission to trading onto the OTCQB Venture Market in New York. These things together mean, I hope, that our vision is coalescing into meaningful executable steps. As is my general desire in such situations, I am keen to be a few steps ahead of what is required, and as such we are increasing our share issuance headroom to enable us to execute our strategy for the next year. We have done this to give the market longer term visibility on our plans and also to be as efficient and nimble as possible in our day-to-day operations. I very much look forward to sharing further updates specifically related to these matters at the appropriate time."

Change of Website

The Company's AIM Rule 26 website has been moved to https://tintra.com/regulatory-news/aim-26-rule/. The Group's corporate website can be viewed at https://tintra.com/.

Update on JV with AI Software Developer

The Company and its prospective joint venture ("JV") partner, a leading developer of artificial intelligence ("AI") software within the financial technology sector, have executed heads of terms on the proposed JV. The Company expects to provide a further, more detailed, update on the JV next week.

For further information, contact:

 Tintra PLC 
  Richard Shearer, CEO 
  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) Dow Jones Newswires

October 08, 2021 10:30 ET (14:30 GMT)

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