Tern Plc Tern Plc : Director/Pdmr Shareholding

 
TIDMTERN 
 
   23 February 2017 
 
   Tern Plc 
 
   (AIM: TERN) 
 
   Director/PDMR Dealing 
 
   Tern Plc (AIM:TERN), the investment company specialising in the Internet 
of Things, is pleased to announce that Angus Forrest's pension fund, 
which provided Convertible Unsecured Loanstock ("CULS") in September 
2014, is converting a total of GBP19,250 CULS into 1,540,000 new 
ordinary shares at 1.25 pence per share.  Following the conversion, Mr 
Forrest is interested in 7,899,602 ordinary shares. 
 
   Application will be made for the 1,540,000 new ordinary shares to be 
admitted to AIM and it is expected that admission will take place and 
trading in the new ordinary shares will commence on 1 March 2017. 
 
   Following Admission of the new ordinary shares, the enlarged issued 
share capital will be 120,051,443 Ordinary Shares of 0.02p each. The 
Company does not hold any shares in Treasury. The above figure may be 
used by shareholders as the denominator for the calculations to 
determine if they are required to notify their interest in, or a change 
to their interest in, the Company, under the Disclosure and Transparency 
Rules. 
 
   The information below, set out in accordance with the requirements of 
the EU Market Abuse Regulation, provides further detail on shares 
acquired. 
 
   1 
 
   Details of the person discharging managerial responsibilities / person 
closely associated 
 
   a) 
 
   Name 
 
   Angus Forrest 
 
   2 
 
   Reason for the notification 
 
   a) 
 
   Position/status 
 
   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 
 
   - 
 
   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 0.02 pence in Tern Plc 
 
   GB00BFPMV798 
 
   b) 
 
   Nature of the transaction 
 
   Conversion of unsecured loanstock 
 
   c) 
 
   Price(s) and volume(s) 
 
 
 
 
Price(s)     Volume(s) 
 1.25 pence  1,540,000 
 
 
   d) 
 
   Aggregated information 
 
   - Aggregated volume 
 
   - Price 
 
   1,540,000 
 
   GBP19,250.00 
 
   e) 
 
   Date(s) of the transaction 
 
   22 February 2017 
 
   f) 
 
   Place of the transaction 
 
   London Stock Exchange, AIM 
 
   Enquiries: 
 
 
 
 
Tern plc                        Tel: [phone] 
 Al Sisto/ Sarah Payne 
 
  WH Ireland                      Tel: [phone] 
  (NOMAD and broker) 
  Mike Coe / Ed Allsopp 
 
  Whitman Howard                  Tel: [phone] 
  (Joint broker) 
  Nick Lovering/ Francis North 
 
 
 
   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

February 23, 2017 02:01 ET (07:01 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.