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: 0203 328 5656 |
|
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler |
Tel: 0203 934 6630 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Ian Ritchie |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-executive Chairman |
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b)
|
Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Tern Plc |
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b) |
LEI |
2138005F87SODHL9CQ36 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.02p each
GB00BFPMV798 |
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b) |
Nature of the transaction |
Purchase of ordinary shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
560,000
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e) |
Date of the transaction |
27 July 2022 |
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f) |
Place of the transaction |
London Stock Exchange
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