Tern PLC Exercise of Options (7849V)
16 December 2021 - 2:04AM
UK Regulatory
TIDMTERN
RNS Number : 7849V
Tern PLC
15 December 2021
15 December 2021
Tern Plc
("Tern" or the "Company")
Exercise of Options
Tern Plc (AIM:TERN), the investment company specialising in the
Internet of Things ("IoT"), announces that it has issued, subject
to Admission (as defined below), 400,000 ordinary shares of 0.02
pence each in the Company ("Ordinary Shares") following the
exercise of 400,000 options at 9 pence per share by a former
director of the Company, under the Company's share option
schemes.
Application has been made for the 400,000 new Ordinary Shares to
be admitted to trading on AIM ("Admission"), which is expected to
take place on or around 21 December 2021. The new Ordinary Shares
will rank pari passu with the existing Ordinary Shares in
issue.
Total Voting Rights
Following Admission, the Company's issued ordinary share capital
will consist of 352,014,701 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 will be 352,014,701. With effect
from Admission, 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.
Enquiries
Tern Plc via IFC Advisory
Al Sisto (CEO)
Sarah Payne (CFO)
Allenby Capital Limited Tel: 0203 328 5656
(Nominated Adviser and Broker)
David Worlidge / Alex Brearley (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales
and Corporate Broking)
IFC Advisory Tel: 0203 934 6630
(Financial PR and IR) tern@investor-focus.co.uk
Tim Metcalfe
Graham Herring
Florence Chandler
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END
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