Tern Plc : Holding(s) in Company

Tern Plc : Holding(s) in Company
For filings with the FSA include the annex 
For filings with issuer exclude the annex 
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
   
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii
Tern PLC (GB00BFPMV798)
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached  
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments  
An event changing the breakdown of voting rights  
Other (please specify):    
3. Full name of person(s) subject to the
notification obligation:
iii
Spencer Owen Crooks
4. Full name of shareholder(s)
 (if different from 3.):iv
See (3) above
5. Date of the transaction and date on
which the threshold is crossed or
reached:
v
19/05/2015
6. Date on which issuer notified: 21/05/2015
7. Threshold(s) that is/are crossed or
reached:
vi, vii
Below 3%


8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of
shares


if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of  voting rights x
DirectDirect xiIndirect xiiDirectIndirect
Common Stock 1,700,000 1,700,000 1,000,000 1,000,000 0 2.20% 0
GB00BFPMV798
 
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date
xiii
Exercise/
Conversion Period
xiv
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
Warrant to purchase shares at £0.03 3rd Dec 2017 3 years 66,029 0.15%*
 
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise priceExpiration date xviiExercise/
Conversion period
xviii
Number of voting rights instrument refers to

 
% of voting rights xix, xx

 
         

 
NominalDelta
   
 
Total (A+B+C)
Number of voting rightsPercentage of voting rights
1,066,029 2.35%*

*Denominator includes 45,364,986 shares outstanding along with 66,029 warrants as converted to common stock

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi
 

N/A
 
Proxy Voting:
10. Name of the proxy holder:  
11. Number of voting rights proxy holder will cease
to hold:
 
12. Date on which proxy holder will cease to hold
voting rights:
 
 

13. Additional information:


14. Contact name: Spencer Crooks
15. Contact telephone number: 0203 100 0123



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tern Plc via Globenewswire

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