TIDMTERN

RNS Number : 6635W

Tern PLC

23 December 2021

23 December 2021

Tern Plc

("Tern" or the "Company")

Change in Wyld Networks Shareholding

Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, announces a change in the Company's holding in the issued share capital of Wyld Networks AB ("Wyld Networks") from 60.7% to 58.7%. This follows the transfer of shares previously held by Tern to Wyld Networks' CEO Alastair Williamson (shares representing 1.5% of the Wyld Networks issued share capital) and COO, Steve Clarke (shares representing 0.5% of the Wyld Networks issued share capital) on 23 December 2021 to satisfy incentivisation arrangements that have been agreed between Tern and Mr Williamson and Mr Clarke.

The Wyld Networks shares are quoted on the Nasdaq First North Premier Growth Market in Stockholm and the total value of the shares transferred at the closing price of Wyld Networks' shares on 22 December 2021 was approximately SEK2.41 million (approximately GBP0.20 million).

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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(END) Dow Jones Newswires

December 23, 2021 07:30 ET (12:30 GMT)

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