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On 27 September 2022, Tintra PLC received an update from PPS Asset Realisation Co Limited, an SPV in which Tintra holds one-third of the voting rights, regarding the disposal of certain assets of Prize Provision Services Ltd (PPS). PPS and Sterling Management Centre Ltd have exchanged what they anticipate is the final contract for this transaction, originally announced on 21 October 2021. The transaction is currently expected, but not certain, to complete in October 2022.
| Date | 27 Sept 2022 |
| Time | 07:00:11 |
| Category | Corporate updates |
| ID | 7163A |
27 September 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Update on PPS Asset Realisation Co Limited
PPS Asset Realisation Co Limited, the special purpose vehicle that owns Prize Provision Services Ltd ("PPS"), and in which the Company holds one-third of the voting rights, has provided the Company with an update regarding the disposal of certain of the assets of PPS' external lottery administration business.
PPS and Sterling Management Centre Ltd have exchanged what they anticipate is the final contract for the transaction (which was first announced on 21 October 2021, when PPS was a subsidiary of the Company) and that customers of the external lotteries administered by PPS are being informed of the forthcoming changes. It is currently expected, but not certain, that the transaction will complete in October 2022.
For further information, contact:
|
Tintra PLC (Communications Head) Hannah Haffield Website www.tintra.com |
020 3795 0421 |
|
Allenby Capital Limited (Nomad, Financial Adviser & Broker) John Depasquale / Nick Harriss / Vivek Bhardwaj |
020 3328 5656 |