Update on PPS Asset Realisation Co Limited
27/09/2022 07:00
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RNS Number : 7163A Tintra PLC 27 September 2022
27 September 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Update on PPS Asset Realisation Co Limited
PPS Asset Realisation Co Limited, the special purpose vehicle that owns Prize
Provision Services Ltd ("PPS"), and in which the Company holds one-third of
the voting rights, has provided the Company with an update regarding the
disposal of certain of the assets of PPS' external lottery administration
business.
PPS and Sterling Management Centre Ltd have exchanged what they anticipate is
the final contract for the transaction (which was first announced on 21
October 2021, when PPS was a subsidiary of the Company) and that customers of
the external lotteries administered by PPS are being informed of the
forthcoming changes. It is currently expected, but not certain, that the
transaction will complete in October 2022.
For further information, contact:
Tintra PLC 020 3795 0421
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com
Allenby Capital Limited 020 3328 5656
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek Bhardwaj
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