Tern PLC Director Shareholdings and TVR (5607C)
October 12 2022 - 3:05AM
UK Regulatory
TIDMTERN
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 Number of Ordinary Percentage
Subscription Shares now of share capital
Shares held now held
66,666 Ordinary 1,636,999 Ordinary
Ian Ritchie Chairman Shares Shares 0.44%
----------------- ------------------ -------------------- ------------------
Chief Executive 100,000 Ordinary 10,716,000
Al Sisto Officer Shares Ordinary Shares 2.87%
----------------- ------------------ -------------------- ------------------
Executive 66,666 Ordinary 8,923,899 Ordinary
Bruce Leith Director Shares Shares 2.39%
----------------- ------------------ -------------------- ------------------
Chief Financial 66,666 Ordinary 166,666 Ordinary
Sarah Payne Officer Shares Shares 0.04%
----------------- ------------------ -------------------- ------------------
Mathew Scherba Executive 80,000 Ordinary 796,666 Ordinary
and family members Director Shares 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 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
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END
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