Issue of Ordinary Shares Under Funding Round


 (“Tintra”, the “Group” or the “Company”)


Issue of Ordinary Shares Under Funding Round

Further to the announcement of 21 March 2022, the Board is please to confirm that the US$2,000,000 in settlement of the two subscriptions each of US$1,000,000 for 148,511 new ordinary shares of 1 pence each in the capital of the Company (“Ordinary Shares”), priced at 504 pence per Ordinary Share, at an exchange rate of £1.00:$1.336, has been received (the “Subscriptions”). An application for the 297,022 new Ordinary Shares issued under the Subscriptions to be admitted to trading on AIM (“Admission”) will be made shortly, with Admission expected to become effective on or around 27 April 2022.  594,044 Warrants, on the terms set out in the announcement of 21 March 2022, will also be issued under the Subscriptions.

Total Voting Rights

On Admission, the Company will have 14,848,669 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 14,848,669 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.