In Touchstone's announcement on 5 August 2024, it noted that it had received a letter of intent from Mr. Andrew Byles in respect of an aggregate number of 1,000,000 Trinity Shares, representing approximately 2.58 per cent. of Trinity's issued share capital, confirming, inter alia, his support for the offer announced by Touchstone for Trinity (the "Touchstone Offer") on 1 May 2024 (the "Letter of Intent"). On 21 August 2024, Touchstone announced that Mr. Byles had sold 60,000 Trinity Shares. On 23 August 2024, Touchstone announced that Mr. Byles had sold a further 85,000 Trinity Shares. On 28 August, Touchstone announced that Mr. Byles had sold a further 210,000 Trinity Shares. On 30 August 2024, Touchstone announced that Mr. Byles had sold a further 220,331 Trinity Shares.
Touchstone has been informed by Mr. Byles that he has sold a further 250,000 Trinity Shares. As a result, the total number of Trinity Shares which are subject to the Letter of Intent is now 174,669 Trinity Shares, representing 0.45 per cent. of the issued share capital of Trinity (excluding any Trinity Shares held in treasury) as at the close of business on 3 September 2024 (being the last practicable date prior to this announcement).
When taken together with the Irrevocable Undertakings provided by Trinity Shareholders, the total number of Trinity Shares subject to Irrevocable Undertakings and the Letter of Intent is 15,258,013 Trinity Shares, representing approximately 39.32 per cent. of the ordinary share capital of Trinity in issue on 3 September 2024 (being the latest practicable date prior to this announcement and excluding any Trinity Shares held in treasury).
Capitalised terms used but not defined in this announcement have the meanings given to them in the shareholder circular relating to the Touchstone Offer which was published by Trinity on 24 May 2024.
