Tern PLC Change in Wyld Networks Shareholding (6635W)
December 23 2021 - 7:30AM
UK Regulatory
TIDMTERN
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
GBP0.20 million).
Enquiries
Tern Plc via IFC Advisory
Al Sisto (CEO)
Sarah Payne (CFO)
Allenby Capital Limited Tel: 0203 328 5656
(Nominated Adviser and Broker)
David Worlidge / Alex Brearley (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales
and Corporate Broking)
IFC Advisory Tel: 0203 934 6630
(Financial PR and IR) tern@investor-focus.co.uk
Tim Metcalfe
Graham Herring
Florence Chandler
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFFFFALVFIL
(END) Dow Jones Newswires
December 23, 2021 07:30 ET (12:30 GMT)
Tern (LSE:TERN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Tern (LSE:TERN)
Historical Stock Chart
From Apr 2023 to Apr 2024