REG - Tern PLC - Director Shareholdings and TVR

TernAnnouncement

12/10/2022 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221012:nRSL5607Ca&default-theme=true

RNS Number : 5607C  Tern PLC  12 October 2022

12 October 2022

Tern Plc

("Tern" or the "Company")

Director Shareholdings

Total Voting Rights

 

Tern Plc (AIM: TERN), the company focused on value creation from Internet of
Things ("IoT") technology businesses, announces that following the issue of
21,356,809 ordinary shares of 0.02p each in the Company pursuant to the
Fundraise announced on 6 October 2022 and their Admission to trading on AIM
today, certain directors of the Company have now acquired Ordinary Shares in
the Company through the Subscription, as announced on 5 October 2022, and as
set out in the table below (along with their respective resultant total
shareholding and percentage shareholding in the Company following Admission):

 Name                               Job Title                Number of Subscription Shares  Number of Ordinary Shares now held  Percentage of share capital now held
 Ian Ritchie                        Chairman                 66,666 Ordinary Shares         1,636,999 Ordinary Shares           0.44%
 Al Sisto                           Chief Executive Officer  100,000 Ordinary Shares        10,716,000 Ordinary Shares          2.87%
 Bruce Leith                        Executive Director       66,666 Ordinary Shares         8,923,899 Ordinary Shares           2.39%
 Sarah Payne                        Chief Financial Officer  66,666 Ordinary Shares         166,666 Ordinary Shares             0.04%
 Mathew Scherba and family members  Executive Director       80,000 Ordinary Shares         796,666 Ordinary Shares             0.21%

 

Total Voting Rights

Following Admission, the Company's issued ordinary share capital now consists
of 373,571,510 Ordinary Shares, all of which carry one voting right per share.
The Company does not hold any Ordinary Shares in treasury. Therefore, the
total number of Ordinary Shares and voting rights in the Company is
373,571,510. This figure may be used by shareholders 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.

Capitalised terms not otherwise defined in this announcement have the same
meaning ascribed to them in the Company's announcement made at 4.36 p.m. on 5
October 2022.

Enquiries

 Tern Plc                                                     via IFC Advisory

 Al Sisto (CEO)

 Sarah Payne (CFO)

 Allenby Capital Limited                                      Tel: 0203 328 5656

 (Nominated Adviser and Broker)

 David Worlidge / Alex Brearley (Corporate Finance)

 Matt Butlin / Kelly Gardiner (Sales and Corporate Broking)

 IFC Advisory                                                 Tel: 0203 934 6630

 (Financial PR and IR)                                        tern@investor-focus.co.uk

 Tim Metcalfe

 Graham Herring

 Florence Chandler

 

 

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHEAFEFFSAAFAA