REG - Tintra PLC - Conversion of Securities

TintraAnnouncement

31/07/2023 17:45

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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 £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:

 

 Tintra PLC                                        020 3795 0421

 (Investor Relations)

 ir@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                                                         The Tintra Trust
 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                                    Conversion of convertible loan notes

 c)    Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                    10p         1,325,000

 d)    Aggregated information

       - Aggregated volume

       - Price                                                      N/A
 e)    Date of the transaction                                      31 July 2023

 f)    Place of the transaction                                     Off market

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

N/A

e)

 

Date of the transaction

31 July 2023

f)

 

Place of the transaction

Off market

 

 

 

 

 

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