Issue of Convertible Loan Notes & PCA Holding
08/11/2022 09:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221108:nRSH6688Fa&default-theme=true
RNS Number : 6688F Tintra PLC 08 November 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
8 November 2022
TINTRA PLC
("TNT", the "Group" or the "Company")
Issue of Convertible Loan Notes
Holdings in the Company
The Company has received a notice from Tintra Acquisitions Limited ("TAL"),
that in accordance with the financing agreement announced on 25 March 2021 (as
amended by the announcement of 15 July 2021), that TAL wishes to settle the
remaining £321,990 (plus £4,687 of accrued interest) of its existing loan
facility to the Company (the "Loan") that may be settled by way of the issue
of 5%, 3-year, convertible loan notes, convertible at a price of 10 pence per
Ordinary Share (the "Convertible Loan Notes"). A total of £326,677
Convertible Loan Notes has therefore been issued to TAL.
The issue of Convertible Loan Notes was capped at the time of the financing
agreement, as such the balance of the Loan after this issue will be £52,500
(plus accrued interest), which relates to re-drawn amounts on a revolving
facility due to be repaid in cash on 25 March 2023, in accordance with the
original agreement.
PCA Dealing & Holding in the Company
TAL has today informed the Company that following the issue of the Convertible
Loan Notes, it will be transferring (the "Transfer") certain of its holdings
of Convertible Loan Notes and ordinary shares of 1 pence in the capital of the
Company ("Ordinary Shares") to TAL's 100% shareholder, The Tintra Trust
("TTT"). The ultimate control of the voting rights, as set out in the
announcement of 8 December 2021, following the Transfer remain unchanged.
The interest remains unchanged at 3,978,611 Ordinary Shares, equivalent to
26.32% of the current issued Ordinary Shares.
Following the Transfer, the holdings will be:
Total Ordinary Shares Total Convertible Loan Notes
TAL 250,000 £25,000
TTT 3,728,611 £376,677
Richard Shearer, Group CEO and Director of TAL commented, "Driven by the
same housekeeping rationale as other actions in the past few days, this step
removes from Tintra plc's balance sheet another repayable obligation and at
the same time ensures that TAL has assets available to be able to support the
obligations it voluntarily adopted to support St Daniel House which in turn
has also enhanced the Company's balance sheet by more than £1m."
For further information, contact:
Tintra PLC 020 3795 0421
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com
020 3328 5656
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek Bhardwaj
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 /Amendment Initial notification
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 of the financial instrument, type of instrument Ordinary shares of 1p
Identification code
GB00BHXM9D70
b) Nature of the transaction Issue of £326,677 of convertible loan notes, convertible at 10p per ordinary
share
c) Price(s) and volume(s) Price(s) Volume(s)
N/A N/A
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 4 Nov 2022
f) Place of the transaction N/A
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
4 Nov 2022
f)
Place of the transaction
N/A
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tintra Acquisitions Limited & The Tintra Trust (The Tintra Trust is the
owner of 100% of the share capital of Tintra Acquisitions Limited)
2 Reason for the notification
a) Position/status PCA (both entities) of PDMR (R Shearer - CEO)
b) Initial notification /Amendment Initial notification
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 of the financial instrument, type of instrument Ordinary shares of 1p
Identification code
GB00BHXM9D70
b) Nature of the transaction Transfer of £376,677 of convertible loan notes, convertible at 10p per
ordinary share and 3,467,111 Ordinary Shares from Tintra Acquisitions Limited
to The Tintra Trust
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 3,647,111
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 4 Nov 2022
f) Place of the transaction N/A
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
4 Nov 2022
f)
Place of the transaction
N/A
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHVVLBBLFLZFBZ