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

13 December 2021

TINTRA PLC

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

Appointment of Chief Financial Officer

Holdings in the Company

Appointment of Chief Financial Officer

The Board is pleased to announce the appointment today of Abdul Sajid ("Sajid") as the Chief Financial Officer ("CFO") for the next stage of the Group's progress and as an Executive Director of the Company.

Sajid currently holds the role of CFO at Tintra Holdings Ltd ("TH"), the UAE based holding company that indirectly controls the largest shareholding in the Company. TH's primary activities are as a hybrid Family Office and investment management firm that provides service to UHNW business families, sovereign funds and ruling families in the emerging world.  During his professional career, Sajid has served in senior roles in several companies across various sectors including mutual funds, real estate, construction, financial advice and investment management.

Sajid started his working career in 2006 in parallel with his studies in Pakistan and moved to Dubai in 2011, joining TH in 2016 as CFO, where he has subsequently dealt with a range of complex transactions for very high-profile clients.  Most recently he led the team dealing with the review of the Group's existing payment services business, the results of which were announced on 8 December 2021.  Sajid will continue his role as CFO of TH alongside his new position at the Company and will split his time between the UK and the UAE.  Post the already announced funding round being completed, the Company will commence a HR process in Q1 which will include the hiring of a full finance function in the UK with banking and/or fintech experience in line with the Company's go forward strategy.

Sajid is a member of Association of Chartered Certified Accountants (ACCA UK) and qualified as a member and position holder of Institute of Cost and Management Accountants of Pakistan (ICMAP), following the completion of a masters degree in economics from the University of Karachi in 2009.

Richard Shearer, Tintra's CEO, said, "I have worked hand in glove with Sajid for a long time both in his role in TH and before in other ventures together. I value his skills and problem-solving abilities immensely. His attention to detail and ability to model complex businesses needs into understandable financial strategies has been integral in the execution of a number of quite unique transactions and I am absolutely certain he will be an invaluable resource as we build the foundation for growth.

He has been instrumental in assisting the rest of the team rationalise the outdated process and procedures we adopted, and I am delighted that he will step into the Company in an interim position as we continue the transition process into a world beating Artificial Intelligence driven RegTech provider." 

The Company can confirm that Dan Pym resigned as a director of the Company and several subsidiaries on 10 December 2021.

Holdings in the Company

Following certain off-market transactions, the Company has been informed that James Rose no longer holds a notifiable position in the ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") and that Phil Jackson has increased his holding of Ordinary Shares. Following the change of ownership of Tintra Acquisitions Ltd ("TAL") that was announced on 8 December 2021, the shareholding of John Cripps, a non-executive director of the Company, is no longer aggregated with that of TAL.  Following these transactions, 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.  Richard Shearer, CEO of the Company, indirectly controls 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.

*  Director of the Company. 

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Regulatory disclosures 

In accordance with Schedule 2(g) of the AIM Rules, Abdul Sajid (sometimes with the added suffix of Abdul Malik, his father's name, in accordance with Arabic naming practices, and known as "Sajid") (aged 35) holds, or has held in the past 5 years, the following directorships and partnerships: 

Sajid has no current interest in the ordinary share capital of the Company.