Last checked at 28 Jul 2022 14:43
28 July 2022
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, has been informed that on 27 July 2022 Ian Ritchie, Tern's Non-executive Chairman, purchased 560,000 ordinary shares in the Company at a price of 12.41p per share. Following this purchase Mr Ritchie owns 1,570,333 ordinary shares in the Company equating to approximately 0.45% of its issued share capital.
Further information on the purchase is contained in the disclosure tables below.
Enquiries
Tern Plc Al Sisto (CEO) Sarah Payne (CFO) | via IFC Advisory |
Allenby Capital Limited (Nominated Adviser and Broker) David Worlidge / Alex Brearley (Corporate Finance) Matt Butlin / Kelly Gardiner (Sales and Corporate Broking) |
Tel: 0203 328 5656 |
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler |
Tel: 0203 934 6630 tern@investor-focus.co.uk |
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 Identification code | Ordinary shares of 0.02p each
GB00BFPMV798 | ||||
b) | Nature of the transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | 560,000 £69,496 | ||||
e) | Date of the transaction | 27 July 2022 | ||||
f) | Place of the transaction | London Stock Exchange
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