Tintra PLC Holding in Company & PCA Dealing (3479B)
10 Februar 2022 - 6:23PM
UK Regulatory
TIDMTNT
RNS Number : 3479B
Tintra PLC
10 February 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
10 February 2022
TINTRA PLC
("TNT", the "Group" or the "Company")
Holding in Company & PCA Dealing
On the 8 December 2021 the Company announced that a finance
package had been agreed with Tintra Acquisitions Limited ("TAL")
whereby it agreed to provide guarantees to certain legacy creditors
of St Daniel House Ltd ("SDH"), the Group's wholly owned payment
processing subsidiary, so that those liabilities could be removed
from the Group's balance sheet.
As part of TAL's preparations to meet its obligations under the
financing package the Board have been informed by TAL that it has
sold 160,000 ordinary shares of 1 pence each ("Ordinary Shares") at
an average price of 240.63p per Ordinary Share (the "Sale").
Following the Sale, TAL holds 3,818,611 Ordinary Shares,
equivalent to 26.31% of the current issued Ordinary Shares.
Richard Shearer, Group CEO, said "In December TAL voluntarily
underwrote GBP1,311,023 of balance sheet exposure on behalf of SDH
as a show of its, and indeed my, continued commitment to the
building of a world changing artificial intelligence driven banking
infrastructure. The Sale provides a portion of those funds, with
the balance coming from the broader Tintra Group and as such TAL
does not anticipate any further disposals in the near term."
For further information, contact:
Tintra PLC
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com 020 3795 0421
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek
Bhardwaj 020 3328 5656
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tintra Acquisitions Limited
--------------------------- ------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status PCA of PDMR (R Shearer - CEO)
--------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------
a) Name Tintra plc
--------------------------- ------------------------------------
b) LEI 213800YKVH5ISMCNWJ42
--------------------------- ------------------------------------
4 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
-----------------------------------------------------------------
a) Description Ordinary shares of 1p
of the financial
instrument,
type of instrument
Identification GB00BHXM9D70
code
--------------------------- ------------------------------------
b) Nature of Sales of shares
the transaction
--------------------------- ------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 223p 30,000
229p 30,000
203p 35,000
245p 30,000
312p 20,000
303p 15,000
--------------------------- ------------------------------------
Aggregated
d) information
- Aggregated
volume
- Price 160,000
240.63p
-------------------------------- ------------------------------------
e) Date of the 8 February 2022
transaction
--------------------------- ------------------------------------
f) Place of LSE
the transaction
--------------------------- ------------------------------------
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END
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