Tintra PLC PDMR Dealing & Holding in Company (9675X)
10 Enero 2022 - 08:30AM
UK Regulatory
TIDMTNT
RNS Number : 9675X
Tintra PLC
10 January 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
10 January 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Establishment of the Tintra Foundation
PDMR Dealing & Holding in Company
Richard Shearer, the Group CEO, has informed the Company that
Tintra Acquisitions Ltd ("TAL"), a company that he controls, has
today gifted 297,022 ordinary shares of 1 pence each in the capital
of the Company ("Ordinary Shares") to the Tintra Foundation, a
newly established Swiss foundation for the progression of the
environmental, social and governance ("ESG") objectives of Tintra,
TAL and the wider Tintra organisation (the "Foundation").
The beneficiary of the Foundation is the Tribes Project, formed
by Johan Ernst Nilson with the support of Richard Shearer and many
others (the "Project"). Mr Nilson (www.johanernst.com) is one of
the world's leading explorers and philanthropists having
accomplished 52 expeditions in 172 countries he regularly raises
millions of dollars a year for worthy causes across the world via
his support for a range of charities and philanthropic causes.
Messrs Nilson and Shearer have been working together on the
Project for almost a year. The Project, as the Company grows, will
allow it to give back into the territories in which it is working
through this initial endowment to the Foundation along with future
contributions.
The Foundation will be run as an independent not-for-profit
organisation and will employ a team separate from the Group. The
intention of the Foundation is to document indigenous tribes, their
cultures, knowledge and wisdom, from across the world as global
capitalism starts to make their traditional lifestyles harder to
maintain. Others have started to do this, but nowhere has it been
done at a global level. It is the intention of the Foundation that
it will create a single global receptacle of tribal knowledge that
can be used for educational, medical and environmental benefit.
Mr Nilson will focus a lot of his considerable energy on the
Project on behalf of the Foundation and will build and lead a team
from his base in Monaco.
The Foundation is owned by a trust established under Guernsey
law, whose sole beneficiary is the Project, with professional
trustees based in Switzerland. Following the transfer, TAL holds
2,978,611 Ordinary Shares, equivalent to 22.28% of the currently
issued Ordinary Shares, while the Foundation holds the equivalent
of 2.22% of currently issued Ordinary Shares. On completion of the
current founding round (see the announcement made earlier today),
the Foundation would hold 2% of the Ordinary Shares as enlarged by
the anticipated newly issued Ordinary Shares.
Richard Shearer , Tintra CEO, said, " Our day job at Tintra plc
is focused on building revolutionary RegTech that opens borders for
businesses to make payments across the emerging world and creating
a level playing field for trade in these markets as they interface
with more developed territories.
This is something that we are extremely passionate about.
However, we are also very mindful of the fact that the desire to
modernise by some is not shared by others and it is with that in
mind that the Tintra Foundation will set out to document, support
and nurture those indigenous tribes across the world for whom the
relentless march of modernisation is not as welcome as it is for
others.
This endowment, worth some $2m based on today's earlier
announcement, will give the Foundation a great start. I look
forward to sharing more about this project that is very close to my
heart personally over the coming months . "
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 (Richard 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 Gift of Tintra Ordinary Shares to not for profit
the transaction Tintra Foundation
--------------------- -------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) N/A 297,022
--------------------- -------------------------------------------------
d) Aggregated n/a (single transaction)
information
- Aggregated
volume
- Price
--------------------- -------------------------------------------------
e) Date of the 10 January 2022
transaction
--------------------- -------------------------------------------------
f) Place of N/A
the transaction
--------------------- -------------------------------------------------
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END
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