REG - Tern PLC - Director Share Purchase

TernAnnouncement

13/06/2025 07:00

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RNS Number : 6739M  Tern PLC  13 June 2025

13 June 2025

 

Tern plc

 

("Tern" or the "Company")

 

Director Share Purchase

 

Tern Plc (AIM:TERN), the company focused on value creation from Internet of
Things ("IoT") technology businesses, announces that it was yesterday informed
that Ian Ritchie, Non-Executive Chairman of the Company, had purchased 227,688
ordinary shares in the Company at a price of 1.538 pence per ordinary share.
Following this purchase, Ian Ritchie now holds 2,504,575 ordinary shares,
being approximately 0.43% of the Company's total voting rights.

 

The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation (2014/596/EU) as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018 and as
modified by or under the European Union (Withdrawal) Act 2018 or other
domestic law, provide further detail.

 

Enquiries:

 

 Tern Plc                                                       via IFC Advisory

 Ian Ritchie (Chairman)

 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 Chandler

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Ian Ritchie
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Chairman
 b)  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tern plc
 b)  LEI                                                          2138005F87SODHL9CQ36
 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 of the financial instrument, type of instrument  Ordinary shares of 0.02p each

     Identification code

                                                                  GB00BFPMV798
 b)  Nature of the transaction                                    Purchase of ordinary shares
 c)  Price(s) and volume(s)                                       Price(s) Volume(s)

                                                                  1.538 pence - 227,688 shares
 d)  Aggregated information

     - Aggregated volume                                          N/A

     - Price                                                      £3,501.84
 e)  Date of the transaction                                      12 June 2025
 f)  Place of the transaction                                     London Stock Exchange

 

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