Holding in Company & PCA Dealing

RNS Number : 3479B

Tintra PLC

10 February 2022

 

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

10 February 2022

TINTRA PLC

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

Holding in Company & PCA Dealing

On the 8 December 2021 the Company announced that a finance package had been agreed with Tintra Acquisitions Limited ("TAL") whereby it agreed to provide guarantees to certain legacy creditors of St Daniel House Ltd ("SDH"), the Group's wholly owned payment processing subsidiary, so that those liabilities could be removed from the Group's balance sheet.

As part of TAL's preparations to meet its obligations under the financing package the Board have been informed by TAL that it has sold 160,000 ordinary shares of 1 pence each ("Ordinary Shares") at an average price of 240.63p per Ordinary Share (the "Sale").

Following the Sale, TAL holds 3,818,611 Ordinary Shares, equivalent to 26.31% of the current issued Ordinary Shares.

Richard Shearer, Group CEO, said "In December TAL voluntarily underwrote £1,311,023 of balance sheet exposure on behalf of SDH as a show of its, and indeed my, continued commitment to the building of a world changing artificial intelligence driven banking infrastructure. The Sale provides a portion of those funds, with the balance coming from the broader Tintra Group and as such TAL does not anticipate any further disposals in the near term."

For further information, contact:

Tintra PLC (Communications Head) Hannah Haffield [e-mail] 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 (R Shearer - CEO)
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	Sales of shares
c)	Price(s) and volume(s)	Price(s)  Volume(s) 223p 229p 203p 245p 312p 303p 30,000 30,000 35,000 30,000 20,000 15,000
d)	Aggregated information - Aggregated volume - Price	160,000 240.63p
e)	Date of the transaction	8 February 2022
f)	Place of the transaction	LSE

 

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