TERN Tern Plc

 
 Tern PLC (TERN) 
Tern PLC: Director appointment 
 
31-March-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
31 March 2020 
 
      Tern Plc ("Tern" or the "Company") 
 
      Director appointment 
 
 Tern Plc (AIM:TERN), the investment company specialising in the Internet of 
Things ("IoT"), is pleased to announce the appointment of Matthew Scherba as 
Investment Director with immediate effect. Matthew originally joined Tern in 
            December 2019 in a non-Main Board capacity. 
 
    Matthew has 25 years of start-up and scale-up experience specialising in 
  working and investing in technology companies across the IoT industry, his 
  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. 
 
            Al Sisto, CEO of Tern, said: 
 
        "With 25 years of experience working with or investing in technology 
  companies, Matthew will be a highly valuable addition to our Board. He has 
already made a significant contribution since joining our company at the end 
   of 2019 and we look forward to benefitting from his experience at a Board 
 level. As Investment Director, he will help us to expand our support to our 
portfolio companies, identify commercial businesses and new opportunities in 
     this high growth industry and further develop our investment strategy." 
 
Matthew Peter Scherba (aged 53) 
 
In accordance with Schedule 2(g) of the AIM Rules, Matthew Scherba holds, or 
            has held in the past five years, the following directorships and 
            partnerships: 
 
Current                          Past five years 
Tx3 Solutions Limited            Wearable Technologies Limited 
                                 Talepathy Limited 
Plancentric Limited              Foodmarble Digestive Health 
                                 Limited (Ireland) 
Plancentric Global Limited       Peafowl Solar Power AB 
Foodmarble Digestive Health 
Limited (UK) 
InVMA Limited 
 
 Mr Scherba and his family members are beneficially interested in a total of 
     716,0001 ordinary shares of 0.02p in Tern ("Ordinary Shares"), which is 
            equivalent to 0.25% of the Company's voting rights. 
 
   1Mr Scherba is beneficially interested in 325,000 Ordinary Shares and his 
family members are beneficially interested in the following Ordinary Shares: 
 L Gennard, 325,000 Ordinary Shares, L Scherba, 33,000 Ordinary Shares and S 
            Scherba, 33,000 Ordinary Shares. 
 
Enquiries 
 
Tern Plc                                via Newgate 
                                        Communications 
 
Al Sisto/Sarah Payne 
 
Allenby Capital Limited                       Tel: 0203 328 5656 
 
(Nomad and Joint broker) 
 
David Worlidge/Alex Brearley/Guy 
McDougall 
 
                         Whitman Howard       Tel: 020 7659 1234 
 
                         (Joint broker) 
 
      Nick Lovering/Christopher Furness 
 
                 Newgate Communications       Tel: 020 3757 6880 
 
          Elisabeth Cowell/Megan Kovach 
 
ISIN:          GB00BFPMV798 
Category Code: MSCM 
TIDM:          TERN 
LEI Code:      2138005F87SODHL9CQ36 
Sequence No.:  55537 
EQS News ID:   1011119 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

March 31, 2020 02:00 ET (06:00 GMT)

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