Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Tintra Plc LSE:TNT London Ordinary Share GB00BHXM9D70 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.00 4.17% 250.00 240.00 260.00 250.00 240.00 240.00 63,628 14:00:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.4 -1.0 -0.1 - 36

Tintra PLC Exercise of Options & Conversion Rights

21/09/2022 6:00pm

UK Regulatory (RNS & others)


Tintra (LSE:TNT)
Historical Stock Chart


From Sep 2022 to Dec 2022

Click Here for more Tintra Charts.

TIDMTNT

RNS Number : 2150A

Tintra PLC

21 September 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMMENT) (EU EXIT) REGULATIONS 2019/310.

21 September 2022

TINTRA PLC

("TNT", the "Group" or the "Company")

Exercise of Options and Conversion Rights

PCA Dealing & Holding in Company

Exercise of Options

The Board of Directors of the Company (the "Board") announces that it received on 16 September 2022 a notice to exercise options from a former director of the Company (the "Option Shares"). The details of which were originally announced on 24 April 2018. The option required the payment of GBP20,000 to the Company. As such it is today issuing 20,000 ordinary shares of 1 pence each ("Ordinary Shares") at an exercise price of 100p per Ordinary Share following receipt of payment.

Convertible Loan Notes

The Company has today 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 GBP100,000 of its existing loan facility to the Company (the "Loan" - current balance GBP467,500 plus accrued interest) through the issue of GBP100,000 of 5%, 3-year, convertible loan notes, convertible at a price of 10 pence per Ordinary Share (the "Convertible Loan Notes").

Immediately following the issue of the Convertible Loan Notes, TAL has today requested to convert GBP25,000 of the Convertible Loan Notes into 250,000 Ordinary Shares (the "Conversion Shares"). Following the issue of the Convertible Loan Notes and the Issue of the Conversion Shares, the balance of the Loan will be GBP367,500 (plus accrued interest) and TAL will hold GBP75,000 on Convertible Loan Notes.

PCA Dealing

TAL has today informed the Company that it has sold 90,000 Ordinary Shares in order to settle tax liabilities related to past Ordinary Share transactions. Details of the transactions can be found below (the "Sale").

Admission and Total Voting Rights

An application for the Option Shares and the Conversion Shares to be admitted to trading on AIM will be made, with admission expected to become effective on or around 28 September 2022 ("Admission").

On Admission, the Company will have 15,118,669 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 15,118,669 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.

Holding in the Company

On Admission (and subsequent to the Sale), TAL will hold 3,978,611 Ordinary Shares, equivalent to 26.32% of the current issued Ordinary Shares.

Richard Shearer, Group CEO and Director of TAL commented, "Today's conversion by TAL is in line with the long-stated strategy I and John Cripps have shared of TAL ensuring that it maintains itself as a Person of Significant Control ("PSC") during each funding round dilution, whilst at the same time continuing to remain below the 29.9% ownership threshold rules."

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)                 244p       65,000 
                                       221p       20,000 
                                       222p       5,000 
      ---------------------------  ------------------------------------ 
       Aggregated 
 d)     information 
   - Aggregated 
    volume 
   - Price                           90,000 
                                      237.43p 
 --------------------------------  ------------------------------------ 
 e)    Date of the                  65,000 - 16 Sep 2022 
        transaction                  20,000 - 15 Sep 2022 
                                     5,000 - 14 Sep 2022 
      ---------------------------  ------------------------------------ 
 f)    Place of                     LSE 
        the transaction 
      ---------------------------  ------------------------------------ 
 
 
 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              Issue of GBP100,000 of convertible loan notes, 
       the transaction        convertible at 10p per ordinary share 
     ---------------------  ----------------------------------------------- 
 c)   Price(s)                Price(s)   Volume(s) 
       and volume(s)           N/A        N/A 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the            21 Sep 2022 
       transaction 
     ---------------------  ----------------------------------------------- 
 f)   Place of               N/A 
       the transaction 
     ---------------------  ----------------------------------------------- 
 
 
 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              Conversion of GBP25,000 of convertible loan notes, 
       the transaction        convertible at 10p per ordinary share 
     ---------------------  --------------------------------------------------- 
 c)   Price(s)                Price(s)   Volume(s) 
       and volume(s)           10p        250,000 
     ---------------------  --------------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------------- 
 e)   Date of the            21 Sep 2022 
       transaction 
     ---------------------  --------------------------------------------------- 
 f)   Place of               N/A 
       the transaction 
     ---------------------  --------------------------------------------------- 
 

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 or visit 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.

END

IOEEAKNFASLAEFA

(END) Dow Jones Newswires

September 21, 2022 13:00 ET (17:00 GMT)

1 Year Tintra Chart

1 Year Tintra Chart

1 Month Tintra Chart

1 Month Tintra Chart
Your Recent History
LSE
TNT
Tintra
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20221207 02:46:20