TIDMTNT

RNS Number : 7987H

Tintra PLC

31 July 2023

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 GBP132,500 of its total holding of GBP376,677 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:

 
 Tintra PLC 
  (Investor Relations) 
  ir@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                     The Tintra Trust 
     -----------------------  --------------------------------------- 
 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                Conversion of convertible loan notes 
       the transaction 
     -----------------------  --------------------------------------- 
 c)   Price(s)                  Price(s)   Volume(s) 
       and volume(s)             10p        1,325,000 
     -----------------------  --------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated              N/A 
       volume 
       - Price 
     -----------------------  --------------------------------------- 
 e)   Date of the              31 July 2023 
       transaction 
     -----------------------  --------------------------------------- 
 f)   Place of                 Off market 
       the transaction 
     -----------------------  ---------------------------------------

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END

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July 31, 2023 12:30 ET (16:30 GMT)

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