REG - Tern PLC - Appointment of shareholder relations adviser

TernAnnouncement

01/09/2025 07:00

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RNS Number : 3275X  Tern PLC  01 September 2025

1 September 2025

 

Tern Plc

 

("Tern" or the "Company")

 

Appointment of shareholder relations adviser

 

Tern Plc (AIM:TERN), the investment company specialising in supporting high
growth, early-stage, disruptive Internet of Things ("IoT") technology
businesses, is pleased to announce that the Board of Tern has appointed Robert
(Rob) Stevens as an adviser to the Company on shareholder relations.

 

Mr Stevens, a private shareholder in the Company, brings experience of the UK
small-cap investment community and will provide the Board with strategic
advice and guidance, in conjunction with the Company's other advisers, on
investor communications and shareholder sentiment, to allow the Company to
remain closely attuned to market views as it pursues its long-term value
creation strategy.

 

The Board will continue to evaluate the appropriateness of appointing
additional advisers in due course, as part of its ongoing commitment to
enhancing shareholder engagement and value creation.

 

Conditional Grant of Options

 

Mr Stevens has conditionally been granted 1,000,000 options (the "Conditional
Options") over ordinary shares of 0.02p each in the Company ("Ordinary
Shares").

 

The grant and any exercise of the Conditional Options will be conditional on
the Company obtaining the requisite authorities to satisfy the issue and
allotment of any new Ordinary Shares resulting from the future potential
exercise of the Conditional Options (the "Conditions"), which will involve the
passing of a resolution at a future general meeting of shareholders.

 

Subject to the satisfaction of the Conditions, the Conditional Options will
vest in equal monthly amounts over three years from the date of the
satisfaction of the Conditions, and will be exercisable for a period of 10
years from the date of vesting at a price of 1.70p per Ordinary Share, being
approximately double the mid-market closing price of the Ordinary Shares on 29
August 2025, the last practical date prior to this announcement.

 

Following the satisfaction of the Conditions, the total number of options
outstanding over Ordinary Shares in the Company will be 11,500,000.

 

Enquiries

 

 Tern Plc                                                       via IFC Advisory

 Jane McCracken (Acting Chair)

 Allenby Capital Limited                                        Tel: 0203 328 5656

 (Nominated Adviser and Broker)

 Alex Brearley / Dan Dearden-Williams (Corporate Finance)

 Kelly Gardiner / Guy McDougall (Sales and Corporate Broking)

 IFC Advisory                                                   Tel: 0203 934 6630

 (Financial PR and IR)

 Tim Metcalfe

 Graham Herring

 Florence Staton

 

 

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