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Director Share Purchase

28th Jul 2022 14:43

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

Al Sisto (CEO)

Sarah Payne (CFO)

via IFC Advisory

 

Allenby Capital Limited

(Nominated Adviser and Broker)

David Worlidge / Alex Brearley (Corporate Finance)

Matt Butlin / Kelly Gardiner (Sales and Corporate Broking)

 

Tel: 0203 328 5656

 

IFC Advisory

(Financial PR and IR)

Tim Metcalfe

Graham Herring

Florence Chandler

 

Tel: 0203 934 6630

[email protected]

 

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 /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

Identification code

Ordinary shares of 0.02p each

 

 

GB00BFPMV798

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

  Price(s)

Volume(s)

12.41p

560,000

 

d)

Aggregated information

- Aggregated volume

- Price

560,000

£69,496

e)

Date of the transaction

27 July 2022

f)

Place of the transaction

London Stock Exchange

 

 

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END
 
 
DSHUWSORURUBUAR

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Tern
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