TIDMTERN

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                                      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 
 

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        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------ 
 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                 Ordinary shares of 0.02p each 
       of the financial 
       instrument, 
       type of instrument          GB00BFPMV798 
       Identification 
       code 
     --------------------------  ------------------------------------ 
 b)   Nature of                   Purchase of ordinary shares 
       the transaction 
     --------------------------  ------------------------------------ 
 c)   Price(s)                      Price(s)   Volume(s) 
       and volume(s)                 12.41p     560,000 
                                               ---------- 
     --------------------------  ------------------------------------ 
 d)   Aggregated 
       information 
       - Aggregated 
       volume                      560,000 
       - Price 
                                   GBP69,496 
     --------------------------  ------------------------------------ 
 e)   Date of the                 27 July 2022 
       transaction 
     --------------------------  ------------------------------------ 
 f)   Place of                    London Stock Exchange 
       the transaction 
     --------------------------  ------------------------------------ 
 

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END

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July 28, 2022 09:43 ET (13:43 GMT)

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