REG - Tern PLC - Result of GM

TernAnnouncement

26/09/2023 12:30

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RNS Number : 7113N  Tern PLC  26 September 2023

26 September 2023

 

Tern Plc

 

("Tern" or the "Company")

Result of GM

Tern Plc (AIM:TERN), the investment company specialising in supporting high
growth, early-stage, disruptive Internet of Things ("IoT") technology
businesses, announces that at the Company's General Meeting ("GM") held
earlier today all resolutions were passed on a show of hands.

 

Details of the proxy voting on each resolution are set out below:

 

 Resolution                                                Votes For                                            Votes Against                                        Votes Withheld*  Total Votes Cast (excluding Withheld)*
                              No. of ordinary shares       % of ordinary shares voted*  No. of ordinary shares  % of ordinary shares voted*  No. of ordinary shares
                              ORDINARY RESOLUTION
 1.   To authorise the Directors to allot securities       110,019,082                  89.7%                   12,578,831                   10.3%                   199,560          122,597,913
                              SPECIAL RESOLUTION
 2.   To disapply statutory pre-emption rights             107,991,758                  88.1%                   14,606,155                   11.9%                   199,560          122,597,913

 

* A 'Vote Withheld' is not a vote in law and has not been counted in the
calculation of the proportion of the votes 'For' and 'Against' a resolution.

 

The resolutions are set out in full in the Company's Notice of General Meeting
dated 31 August 2023.  The total votes received (excluding votes withheld)
represented approximately 31.5 per cent. of the Company's issued share
capital.

 

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)                                          tern@investor-focus.co.uk (mailto:tern@investor-focus.co.uk)

 Tim Metcalfe

 Graham Herring

 Florence Chandler

 

 

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