1 November 2024
Tern Plc
(the "Company")
Director / PDMR Shareholding
Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that it was yesterday informed that Iain Ross, a Non-Executive Director of the Company has purchased 1,100,000 ordinary shares at a price of 1.38 pence per ordinary share. Following this purchase, Iain Ross now holds 1,100,000 ordinary shares, being approximately 0.22% of the Company's total voting rights.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation (2014/596/EU) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 and as modified by or under the European Union (Withdrawal) Act 2018 or other domestic law, provide further detail.
Enquiries
| Tern Plc Ian Ritchie (Chairman) | via IFC Advisory |
|
(Nominated Adviser and Broker) Alex Brearley / Dan Dearden-Williams (Corporate Finance) Matt Butlin / Kelly Gardiner (Sales and Corporate Broking) | |
| (Financial PR and IR) 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 | 1. Iain Ross
| |
| 2 | Reason for the notification
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| a) | Position/status | 1. Non-Executive Director
| |
| b) | Initial notification/Amendment | Initial Notification
| |
| 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 of the financial instrument, type of instrument | Ordinary shares of 0.02p each | |
|
| Identification code | GB00BFPMV798 | |
| b) | Nature of the transaction | Acquisition of ordinary shares
| |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
| 1. 1.38 pence
| 1. 1,100,000
| ||
| d) | Aggregated information |
| |
|
| Aggregated volume | N/A
| |
|
| Price | £15,180 | |
| e) | Date of the transaction | 31 October 2024
| |
| f) | Place of the transaction | London Stock Exchange
| |
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