Issue of Equity

RNS Number : 6036Z

Tintra PLC

25 January 2022

 

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

25 January 2022

TINTRA PLC

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

Further re. Strategic Investment Under Funding Round

Conversion of Loan Stock

Strategic Investment

Further to the Company's announcement of 10 January 2022 and subsequent related announcements, the board of directors of Tintra (the "Board") is pleased to announce that it has received the payment of US$1 million from Cap-Meridian Ventures Ltd. in settlement of the subscription for 148,511 new ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company (the "Subscription Shares").  An application for the Subscription Shares to be admitted to trading on AIM is being made today, with admission to become effective on 31 January 2022.

Conversion of Loan Stock

The Board of Directors of the Company (the "Board") is also pleased to announce that Tintra Acquisitions Limited ("TAL") have issued a conversion notice in relation to £100,000 of its convertible loan stock, convertible into 1,000,000 Ordinary Shares at a price of 10 pence per Ordinary Share (the "Conversion Shares").  An application for the Conversion Shares to be admitted to trading on AIM is being made today, with admission to become effective on 31 January 2022. Following the admission of the Subscription Shares and the Conversion Shares, TAL will hold 3,978,611 Ordinary Shares, equivalent to 27.41% of the Ordinary Shares.

Total Voting Rights

On admission of the Subscription Shares and the Conversion Shares, the Company will have 14,514,519 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 14,514,519 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 (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	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 1,000,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	25 January 2022
f)	Place of the transaction	N/A

 

END

 

 

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