Update re Funding Round

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 [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

 

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