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: 0203 328 5656

 

IFC Advisory

(Financial PR and IR)

Tim Metcalfe

Graham Herring

Florence Chandler

 

Tel: 0203 934 6630

tern@investor-focus.co.uk

 

 

 

 

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
 
 
DSHEAFEFFSAAFAA

Companies

Tern (TERN)
UK 100

Latest directors dealings