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On 31 July 2023, Tintra PLC received notice from The Tintra Trust (a PCA) to convert £132,500 of its convertible loan notes. This conversion is for 1,325,000 Ordinary Shares at 10 pence per share, with admission to AIM expected on or around 4 August 2023. Upon admission, Tintra PLC will have 17,727,953 Ordinary Shares in issue, and The Tintra Trust will hold 5,053,611 Ordinary Shares, representing 28.51% of the issued capital.
| Date | 31 Jul 2023 |
| Time | 17:30:46 |
| Category | Corporate updates |
| ID | 7987H |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
31 July 2023
TINTRA PLC
("TNT", the "Group" or the "Company")
Exercise of Conversion Rights
PCA Dealing & Holding in Company
The Company has today received a notice from The Tintra Trust ("TTT") that it wishes to convert £132,500 of its total holding of £376,677 of 5%, 3-year, convertible loan notes (the "Convertible Loan Notes"). The Convertible Loan Notes are convertible into 1,325,000 ordinary shares of 1 pence each ("Ordinary Shares") at a conversion price of 10 pence per Ordinary Share (the "Conversion Shares").
An application for the Conversion Shares to be admitted to trading on AIM will be made, with admission expected to become effective on or around 4 August 2023 ("Admission").
On Admission, the Company will have 17,727,953 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 17,727,953 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.
On Admission, TTT will hold 5,053,611 Ordinary Shares, equivalent to 28.51% of the issued Ordinary Shares.
For further information, contact:
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Tintra PLC (Investor Relations) Website www.tintra.com |
020 3795 0421 |
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Allenby Capital Limited (Nomad, Financial Adviser & Broker) John Depasquale / Nick Harriss / Vivek Bhardwaj |
020 3328 5656 |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
The Tintra Trust |
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2 |
Reason for the notification |
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a)
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Position/status
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PCA of PDMR (R Shearer - CEO) |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a)
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Name |
Tintra plc |
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b)
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LEI |
213800YKVH5ISMCNWJ42 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 1p
GB00BHXM9D70 |
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b)
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Nature of the transaction |
Conversion of convertible loan notes |
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c) |
Price(s) and volume(s) |
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d)
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Aggregated information - Aggregated volume - Price |
N/A |
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e)
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Date of the transaction |
31 July 2023 |
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f)
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Place of the transaction |
Off market |
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