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On 10 August 2023, Tintra PLC provided an update regarding its full and final settlement agreement with Fintech Leaders Fund, LLC, previously announced on 5 July 2023. Tintra has instructed fund transfers to settle this agreement. The company stated that the transfer of funds to the UK for settlement is taking longer than expected.
| Date | 10 Aug 2023 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 8667I |
THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR")
10 August 2023
Tintra plc
("Tintra", the "Group" or the "Company")
Update in relation to full repayment and termination of the Placement Facility
The board of directors (the "Board") of Tintra, the rapidly innovating Deep Tech & Banking business, provides the following update on the agreement for full and final settlement (the "Agreement") with Fintech Leaders Fund, LLC ("FLF") as previously announced on 5 July 2023.
The Company has instructed fund transfers to settle the Agreement with FLF. In this regard, the transfer of funds to the UK to settle is taking longer than expected. The Company expects the Agreement to complete in due course. A further update will be given at the earliest opportunity.
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 |
This announcement is released by Tintra plc and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of UK MAR, encompassing information relating to the placement mentioned above. For the purposes of UK MAR, this announcement is made by Hannah Hatfield, Communications Head of Tintra plc.