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 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDSFIFSWEESEDF

(END) Dow Jones Newswires

January 17, 2022 05:45 ET (10:45 GMT)

Tintra (LSE:TNT)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Tintra.
Tintra (LSE:TNT)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Tintra.