Start-Up and Scale-Up Specialist Appointed to I...

Tern PLC Tern PLC: Start-Up and Scale-Up Specialist Appointed to Investment Committee 09-Dec-2019 / 07:00 GMT/BST Non-regulatory announcement 9 December 2019 Tern Plc ("Tern" or the "Company") Start-Up and Scale-Up Specialist Appointed to Investment Committee   Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that Mr Matthew Scherba, who has 25 years of start-up and scale-up experience specialising in working and investing in technology companies across the IoT industry, has joined Tern as an Investment Director, a non-Main Board appointment, reporting to the Chief Executive Officer and responsible for helping to develop existing and new portfolio opportunities. He has also been appointed to the Tern Investment Committee.   Mr. Scherba's experience covers the full company lifecycle development, from start-up to exit, with a focus on strategy and commercial scale across both the private and public sector markets. Prior to joining Tern, he spent almost five years at a UK venture capital investment company dedicated to the IoT arena. During this time, he helped originate, invest and support the development of disruptive technology companies in the UK, Europe and the US, and particularly within artificial intelligence (AI) and machine learning. Additionally, he held board positions on several portfolio companies, and worked with management teams to help develop their strategic, commercial and operational functions.   Tern CEO, Al Sisto, said, "Matthew's experience strengthens our team and embodies our strategy at Tern to find and help create high value growth IoT businesses. He is an experienced investment professional with an excellent network and strong understanding of the IoT arena in the UK, Europe and the US. He has originated and nurtured a significant number of deals during his career and I look forward to benefitting from this as we focus on diversifying our portfolio and adding value to existing portfolio companies."   About EQS Corporate News announcements This is an EQS Corporate News announcement. EQS Corporate News is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only/non-regulatory news releases such as marketing messages, corporate and product information into the public domain.  Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on EQS Corporate News.   **ENDS** Enquiries Tern plc Al Sisto, CEO Sarah Payne, Finance Director Via Newgate Communications Newgate Communications PR Elisabeth Cowell/Megan Kovach   Tel: [phone]   Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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