Tern Plc Statement Re Exercise Of Warrant
12 September 2017 - 4:00PM
UK Regulatory
TIDMTERN
12 September 2017
Tern Plc (AIM: TERN)
Exercise of warrant
Tern Plc (AIM:TERN), the investment company specialising in the Internet
of Things (IoT), announces that it will issue and allott 198,151
Ordinary Shares of 0.02 pence each ("Ordinary Shares") pursuant to the
exercise of a share warrant exercisable at 4 pence per share.
Application will be made for the 198,151 new ordinary shares to be
admitted to trading on AIM and it is expected that admission will take
place on or around 8:00 a.m. on 18 September 2017 ("Admission").
The warrant was issued to Jon Penney, the vendor, as part of the
consideration for the purchase of Cryptosoft Limited (now known as
Device Authority Ltd) in September 2014.
In accordance with the Disclosure Guidance and Transparency Rules (DTR
5.6.1R) the Company hereby notifies the market that immediately
following Admission its issued share capital will consist of 129,566,855
ordinary shares of 0.02 pence each. The Company does not hold any
shares in treasury. Shareholders may use these figures 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 and Transparency Rules.
Enquiries
Tern Plc via Redleaf
Al Sisto/Sarah Payne
WH Ireland Tel: 0117 945 3470
(NOMAD and joint broker)
Mike Coe/Ed Allsopp
Whitman Howard Tel: 020 7659 1234
(Joint broker)
Nick Lovering/Francis North
Redleaf Communications Tel: 020 7382 4730
David Ison/Elisabeth Cowell
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
(END) Dow Jones Newswires
September 12, 2017 02:00 ET (06:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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