Conversion of Loan Stock & Strategic Investment

RNS Number : 8824M

Tintra PLC

24 September 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

24 September   2021

TINTRA PLC

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

Conversion of Loan Stock, Strategic Investment & PDMR Dealing

Conversion of Loan Stock

The Board of Directors of the Company (the "Board") is pleased to announce that Tintra Acquisitions Limited ("TAL") yesterday issued a conversion notice in relation to £50,000 of its convertible loan stock, convertible into 500,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 10 pence per Ordinary Share (the "Conversion Shares").  An application will be made to admit to trading on AIM the Tintra Conversion Shares on or around 30 September 2021 ("Admission"). 

Strategic Investment

The Board have been informed by TAL that it has sold 300,000 Ordinary Shares at 157p per Ordinary Share to Daniel Pittack, a London-based strategic investor, which will result in him holding 2.36% of the Ordinary Shares (post Admission). 

PDMR Dealing

The Board have also been informed by TAL that it has transferred 30,000 Ordinary Shares at nil cost to Portulaca Limited, a company controlled by Kathy Cox, a non-executive director of the Company, and has sold a further 10,000 Ordinary Shares. 

Following Admission, the Shareholdings of the Board and Significant Shareholders (as defined in the AIM Rules for Companies) will be as follows, to the best of the Company's knowledge:

Shareholder	Number of Ordinary Shares Held	Percentage of Total Ordinary Shares Held
Tintra Acquisitions Ltd (John Cripps) 1*	3,295,633	25.89%
Phil Jackson 2	2,208,801	17.35%
Oyster Trust SARL as trustee	1,122,941	8.82%
Andrew Flitcroft	627,237	4.93%
James Rose 3	506,507	3.98%
Jonathan Edwards	503,880	3.96%
Empire Global Management Limited	500,000	3.93%
Dan Pym *	302,625	2.38%
Roger Matthews *	104,407	0.82%
Arno Rudolf *	69,407	0.55%
Graeme Paton *	41,667	0.33%
Kathy Cox *	30,000	0.24%

1.  John Cripps, a non-executive director of the Company, is the sole shareholder of Tintra Acquisitions Ltd.  This includes 15,000 Ordinary Shares held personally by Mr Cripps.

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.

3.  Includes Ordinary Shares held by Management Express Limited, a company controlled by Mr Rose. Mr Rose is a subsidiary director of the Group.

*  Director of the Company. 

Total Voting Rights

On Admission, the Company will have 12,729,533 Ordinary Shares in issue, each with one voting right.  There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares and voting rights will be 12,729,533 and this figure may be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, contact:

Tintra PLC Richard Shearer, CEO Website www.sjhplc.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 (J Cripps - Non-Executive Director)
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of 1p GB00BHXM9D70
b)	Nature of the transaction	Conversion of convertible loan stock, convertible into Tintra Ordinary Shares of 1p at a conversion price of 10p per share
c)	Price(s) and volume(s)	Price(s) Volume(s) 10p 500,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	23 September 2021
f)	Place of the transaction	N/A

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 (J Cripps - Non-Executive Director)
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of 1p GB00BHXM9D70
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 157p 300,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	23 September 2021
f)	Place of the transaction	Off Market

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 (J Cripps - Non-Executive Director)
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of 1p GB00BHXM9D70
b)	Nature of the transaction	Transfer out of shares at nil cost
c)	Price(s) and volume(s)	Price(s) Volume(s) 0p 30,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	23 September 2021
f)	Place of the transaction	Off market
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Portulaca Limited
2	Reason for the notification
a)	Position/status	PCA of PDMR (Kathy Cox - Non-Executive Director)
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of 1p GB00BHXM9D70
b)	Nature of the transaction	Receipt of shares at nil cost
c)	Price(s) and volume(s)	Price(s) Volume(s) 0p 30,000
d)	Aggregated information - Aggregated volume - Price	N/A (Single Transaction)
e)	Date of the transaction	23 September 2021
f)	Place of the transaction	Off market

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 (J Cripps - Non-Executive Director)
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary shares of 1p GB00BHXM9D70
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 61.2p 10,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	22 September 2021
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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