26 September 2023
Tern Plc
("Tern" or the "Company")
Result of GM
Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that at the Company's General Meeting ("GM") held earlier today all resolutions were passed on a show of hands.
Details of the proxy voting on each resolution are set out below:
| Resolution | Votes For | Votes Against | Votes Withheld* | Total Votes Cast (excluding Withheld)* | |||
| No. of ordinary shares | % of ordinary shares voted* | No. of ordinary shares | % of ordinary shares voted* | No. of ordinary shares | |||
|
| ORDINARY RESOLUTION | ||||||
| 1. To authorise the Directors to allot securities | 110,019,082 | 89.7% | 12,578,831 | 10.3% | 199,560 | 122,597,913 | |
|
| SPECIAL RESOLUTION | ||||||
| 2. To disapply statutory pre-emption rights | 107,991,758 | 88.1% | 14,606,155 | 11.9% | 199,560 | 122,597,913 | |
* A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
The resolutions are set out in full in the Company's Notice of General Meeting dated 31 August 2023. The total votes received (excluding votes withheld) represented approximately 31.5 per cent. of the Company's issued share capital.
Enquiries
| Tern Plc Ian Ritchie (Chairman) | via IFC Advisory |
|
Allenby Capital Limited (Nominated Adviser and Broker) Alex Brearley / Dan Dearden-Williams (Corporate Finance) Kelly Gardiner / Guy McDougall (Sales and Corporate Broking) |
Tel: 0203 328 5656 |
|
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler |
Tel: 0203 934 6630 |
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