Tern Plc Tern Plc : Director/Pdmr Shareholding

 
TIDMTERN 
 
   15 May 2017 
 
   Tern Plc 
 
   (AIM: TERN) 
 
   Directors' dealings 
 
   Tern Plc (AIM:TERN), the investment company specialising in Internet of 
Things, announces that it was advised on 12 May 2017 that Bruce Leith 
transferred a total of 220,000 Ordinary Shares of 0.02p each to his wife 
at nil cost and sold a total of 220,000 Ordinary Shares of 0.02p each at 
a price of 8.75p and his ISA bought back 220,000 Ordinary Shares of 
0.02p each at a price of 8.76p. 
 
   Bruce Leith's beneficial interest including shares owned by his wife 
following this transaction is 5,957,233 ordinary shares, representing 
approximately 5.0% of the issued share capital. 
 
   The information below, set out in accordance with the requirements of 
the EU Market Abuse Regulation, provides further detail. 
 
   1 
 
   Details of the person discharging managerial responsibilities/person 
closely associated 
 
   a) 
 
   Name 
 
   Bruce Leith 
 
   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 
 
   LEI 
 
   N/A 
 
   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 
 
   Transfer of shares to wife and sale of shares and buy back by his ISA 
 
   c) 
 
   Price(s) and volume(s) 
 
 
 
 
 
 
Price(s)   Volume(s) 
nil          440,000 
 
 
   d) 
 
   Aggregated information 
 
 
 
 
   -- Aggregated volume 
 
   -- Price 
 
   440,000 
 
   Transfer to wife: nil cost 
 
   Sale and buy back by ISA: sold at 8.75p, bought back at 8.76p 
 
   e) 
 
   Date of the transaction 
 
   12 May 2017 
 
   f) 
 
   Place of the transaction 
 
   n/a 
 
   Enquiries: 
 
 
 
 
Tern Plc                             via Redleaf 
 Al Sisto/Sarah Payne 
 
  WH Ireland                           Tel: [phone] 
  (NOMAD and joint broker) 
  Mike Coe/Ed Allsopp 
 
  Whitman Howard                       Tel: [phone] 
  (Joint broker) 
  Nick Lovering/Francis North 
 
  Redleaf Communications               Tel: [phone] 
  Rebecca Sanders-Hewett/David Ison 
 
 
 
   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

May 15, 2017 04:45 ET (08:45 GMT)

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