Tern Plc Statement Re Director Role

 
TIDMTERN 
 
 
   22 September 2016 
 
   Tern Plc 
 
   Appointment of Chief Executive 
 
   The directors of Tern plc ("Tern" or "the Company"), the specialist in 
the Cloud and Internet of Things ("IoT"), are delighted to announce the 
appointment of Al Sisto as Chief Executive of Tern, with immediate 
effect.  Al will take direct responsibility for the day to day 
operations of the trading entities in which Tern is invested and Angus 
Forrest will continue to focus on strategy, relationships and corporate 
development. 
 
   Al will also continue to act as executive chairman of Device Authority 
Limited, Tern's major asset and a global leader in policy and device 
driven security for the IoT. 
 
   Angus Forrest, Executive Chairman of Tern, commented: "We are fortunate 
to have had the benefit of Al's expertise and input in building Tern's 
businesses over the past three years since his appointment as an 
executive director in February 2014.  Al's expertise has been built 
running both large publicly traded companies and small startup software 
companies in the US and Europe. The Board believes this new position 
will advance and strengthen Tern's development." 
 
   Al Sisto commented: "I am delighted to take on this role and to help 
Tern become a leader in the Cloud and IoT revolution.  I am enthusiastic 
about the new role and look forward to playing my part in enabling the 
business to deliver increasing value to our shareholders and to 
capitalise on our existing and new opportunities." 
 
   Enquiries: 
 
 
 
 
Tern plc                                                                                                                Tel: 
                                                                                                                        07973 
                                                                                                                        561 
                                                                                                                        232 
Angus Forrest 
 
WH Ireland NOMAD and Broker                                                                                             Tel: 
                                                                                                                        0117 
                                                                                                                        945 
                                                                                                                        3471 
John Wakefield / Ed Allsopp 
 
Peterhouse Corporate http://www.investegate.co.uk/tern-plc--tern-/one/tern-plc---first-investment/20131125070020H5238/  Tel: 
 Finance (Joint broker)                                                                                                 020 
                                                                                                                        7469 
                                                                                                                        0936 
Lucy Williams / Duncan Vasey 
 
 
   About Tern 
 
   Tern Plc acquires and invests in privately owned companies which own IP, 
established products and customer bases. Its investment strategy is 
focused on taking an active role in its investee companies in order to 
improve the business model, accelerate growth, expand the business 
globally, and identify exit opportunities.  (www.ternplc.com) 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Tern Plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

September 22, 2016 02:00 ET (06:00 GMT)

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