Director Share Purchase

RNS Number : 1397U

Tern PLC

28 July 2022

 

28 July 2022

Tern Plc

("Tern" or the "Company")

Director Share Purchase

Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, has been informed that on 27 July 2022 Ian Ritchie, Tern's Non-executive Chairman, purchased 560,000 ordinary shares in the Company at a price of 12.41p per share .   Following this purchase Mr Ritchie owns 1,570,333 ordinary shares in the Company equating to approximately 0.45% of its issued share capital.

Further information on the purchase is contained in the disclosure tables below.

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: [phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler	Tel: [phone] [e-mail]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Ritchie
2	Reason for the notification
a)	Position/status	Non-executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tern Plc
b)	LEI	2138005F87SODHL9CQ36
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.02p each GB00BFPMV798
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 12.41p 560,000
d)	Aggregated information - Aggregated volume - Price	560,000 £69,496
e)	Date of the transaction	27 July 2022
f)	Place of the transaction	London Stock Exchange

 

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