Last checked at 12 Oct 2022 08:05
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 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 |