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:

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: