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13 Aug 2021 15:39
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
13 August 2021
TINTRA PLC
("TNT", the "Group" or the "Company")
Conversion of Loan Stock & Strategic Investment
Conversion of Loan Stock
The Board of Directors of the Company (the "Board") is pleased to announce that following the announcements made earlier today, Tintra Acquisitions Limited ("Tintra") has today issued a conversion notice in relation to £185,000 of its convertible loan stock, convertible into 1,850,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 10 pence per Ordinary Share (the "Tintra Conversion Shares").
In addition, the holders of the convertible loan stock whose conversion was announced earlier today have also converted all accrued interest on the loan stock up to the date of conversion (£22,739.70) into 227,397 new Ordinary Shares at a price of 10 pence per Ordinary Share (the "Further Conversion Shares").
Issue of Shares
An application will be made to admit to trading on AIM the Tintra Conversion Shares and Further Conversion Shares on or around 20 August 2021 ("Admission"). 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* | 3,644,639 | 29.80% |
Phil Jackson 2 | 2,208,801 | 18.06% |
Oyster Trust SARL as trustee | 1,122,941 | 9.18% |
Andrew Flitcroft | 627,237 | 5.13% |
James Rose 3 | 509,880 | 4.17% |
Jonathan Edwards | 506,507 | 4.14% |
Empire Global Management Limited | 500,000 | 4.09% |
Dan Pym * | 302,625 | 2.47% |
Roger Matthews * | 94,407 | 0.77% |
Arno Rudolf * | 69,407 | 0.57% |
Graeme Paton * | 41,667 | 0.34% |
1. John Cripps, a non-executive director of the Company, is the sole shareholder of Tintra Acquisitions Ltd.
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.
Strategic Investment
The Board have been informed by Tintra that it has agreed to sell 359,006 Ordinary Shares that it currently holds at 80.78p per Ordinary Share to a strategic Asian-based investor (the "Investor"). Once the sale is completed, which is expected before the end of August, the Investor will hold 2.94% of the Ordinary Shares (post Admission). A further announcement will be made once this transaction is completed.
Total Voting Rights
On Admission, the Company will have 12,229,533 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 10,152,136 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 3655 5000 |
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)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
n/a (single transaction) | ||||||
e)
| Date of the transaction
| 13 August 2021 | ||||||
f)
| Place of the transaction
| N/A | ||||||
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