Change in Wyld Networks Shareholding

RNS Number : 6635W

Tern PLC

23 December 2021

 

23 December 2021

Tern Plc

("Tern" or the "Company")

Change in Wyld Networks Shareholding

Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, announces a change in the Company's holding in the issued share capital of Wyld Networks AB ("Wyld Networks") from 60.7% to 58.7%. This follows the transfer of shares previously held by Tern to Wyld Networks' CEO Alastair Williamson (shares representing 1.5% of the Wyld Networks issued share capital) and COO, Steve Clarke (shares representing 0.5% of the Wyld Networks issued share capital) on 23 December 2021 to satisfy incentivisation arrangements that have been agreed between Tern and Mr Williamson and Mr Clarke.

The Wyld Networks shares are quoted on the Nasdaq First North Premier Growth Market in Stockholm and the total value of the shares transferred at the closing price of Wyld Networks' shares on 22 December 2021 was approximately SEK2.41 million (approximately £0.20 million).

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: [phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler	Tel: [phone] [e-mail]

 

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