Tern Plc : Issue of Equity

29 December 2015

Tern Plc

(AIM: TERN)

Directors' dealings

Tern Plc (AIM:TERN), the investment company specialising in the cloud and mobile sectors, is pleased to announce that Angus Forrest, Bruce Leith and Albert Sisto who provided Convertible Unsecured Loanstock ("CULS") in September 2014 are converting a total of £85,500 CULS into 6,840,000 new ordinary shares at 1.25 pence per share.  Post conversion the three directors will own £112,000 unconverted CULS.  The new shares will be issued as follows:

	Loanstock converted	New shares issued	Total shareholding
Angus Forrest	£25,750	2,060,000	6,276,269
Bruce Leith	£31,250	2,500,000	6,173,900
Albert Sisto	£28,500	2,280,000	6,180,000

Application will be made for the 6,840,000 new ordinary shares to be admitted to AIM and it is expected that admission will take place and trading in the new ordinary shares will commence on 5 January 2016.

On completion of the Placing and following Admission of the new ordinary shares, the enlarged issued share capital will be 62,755,569 Ordinary Shares of 0.02p each.  The Company does not hold any shares in Treasury.  The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

Enquiries:

Tern plc	Tel: [phone]
Angus Forrest
WH Ireland NOMAD and Broker	Tel: [phone]
John Wakefield
Peterhouse Corporate Finance (Joint broker)	Tel: [phone]
Lucy Williams / Duncan Vasey

About Tern:

Tern Plc acquires and invests in privately owned companies with self-owned IP, established products and customer bases. Its investment strategy is focused on taking an active role in its investee companies in order to improve the business model, accelerate growth, expand the business globally, and identify exit opportunities.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tern Plc via Globenewswire

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