Tern Plc Tern Plc : Director/Pdmr Shareholding

 
TIDMTERN 
 
   3 October 2017 
 
   Tern Plc 
 
   (AIM: TERN) 
 
   Director/PDMR Dealing 
 
   Tern Plc (AIM:TERN), the investment company specialising in the IoT 
("Internet of Things"), is pleased to announce that Albert Sisto, Chief 
Executive Officer, is converting a total of GBP36,500 convertible loan 
stock into 2,920,000 new ordinary shares at 1.25 pence per share. 
Following the conversion, Albert Sisto is interested in 9,183,333 
ordinary shares representing 6.9 per cent. of the Company's issued share 
capital. 
 
   Application has been made for the 2,920,000 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 6 October 2017 
("Admission"). 
 
   Following Admission the enlarged issued share capital will be 
132,486,855 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 
 
   Albert Sisto 
 
   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  2,920,000 
 
 
   d) 
 
   Aggregated information 
 
   - Aggregated volume 
 
   - Price 
 
   2,920,000 
 
   GBP36,500.00 
 
   e) 
 
   Date(s) of the transaction 
 
   2 October 2017 
 
   f) 
 
   Place of the transaction 
 
   London Stock Exchange, AIM 
 
   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] 
  David Ison/Elisabeth Cowell 
 
 
 
   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

October 03, 2017 02:00 ET (06:00 GMT)

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