Tintra PLC Update re Funding Round (6660Y)
17 Enero 2022 - 04:45AM
UK Regulatory
TIDMTNT
RNS Number : 6660Y
Tintra PLC
17 January 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
17 January 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Further re. Strategic Investment Under Funding Round
The board of directors of Tintra (the "Board") provides an
update regarding progress with the Funding Round announced on the
10 January 2022. It now expects the US$1 million in cleared funds
in settlement of the subscription for 148,511 new ordinary shares
of 1 pence each in the capital of the Company to be received this
week (the "Subscription"), with admission to trading on AIM the
week after. For clarity the Subscription is being made solely by
Cap-Meridian Ventures Ltd., a global investment arm of Mr. Omar
Mangalji and the Mangalji Family, and not through a US-based family
office. A further announcement will be made as appropriate
Further, the administrators of the Tintra Foundation, whose
establishment was also announced on 10 January 2022, have provided
some additional clarification as to its structure. It is a trust
established under Guernsey law with professional trustees based in
Switzerland with its not-for-profit activities administered in
Switzerland. There is no Swiss registered legal entity as may be
inferred from the language in the initial announcement.
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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