Director Shareholdings and TVR

RNS Number : 5607C

Tern PLC

12 October 2022

 

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

 

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