Exercise of Options

RNS Number : 7849V

Tern PLC

15 December 2021

 

15 December 2021

Tern Plc

("Tern" or the "Company")

Exercise of Options

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), announces that it has issued, subject to Admission (as defined below), 400,000 ordinary shares of 0.02 pence each in the Company ("Ordinary Shares") following the exercise of 400,000 options at 9 pence per share by a former director of the Company, under the Company's share option schemes.

Application has been made for the 400,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"), which is expected to take place on or around 21 December 2021.  The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

Total Voting Rights

Following Admission, the Company's issued ordinary share capital will consist of 352,014,701 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 will be 352,014,701. With effect from Admission, 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.

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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