Tern Plc Tern Plc : Holding(s) In Company

 
TIDMTERN 
 
 
 
 
For filings with the FCA include the annex 
For filings with issuer exclude the annex 
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 
1. Identity of the issuer or the underlying issuer 
 of existing shares to which voting rights are 
 attached: (ii)                                                           Tern Plc 
2 Reason for the notification (please tick the appropriate 
 box or boxes): 
An acquisition or disposal of voting rights                             X 
An acquisition or disposal of qualifying financial 
 instruments which may result in the acquisition of 
 shares already issued to which voting rights are attached 
An acquisition or disposal of instruments with similar 
 economic effect to qualifying financial instruments 
An event changing the breakdown of voting rights 
Other (please specify): 
3. Full name of person(s) subject to the 
 notification obligation: (iii)                                 Michael John Clark 
4. Full name of shareholder(s) 
 (if different from 3.):(iv)                                   Hargreaves Lansdown 
5. Date of the transaction and date on 
 which the threshold is crossed or 
 reached: (v)                                                           14/10/2016 
6. Date on which issuer notified:                                       17/10/2016 
7. Threshold(s) that is/are crossed or 
 reached: (vi, vii)                                                             3% 
 
 
 
 
8. Notified details: 
A: Voting rights attached to shares (viii, ix) 
Class/type of 
 shares              Situation previous 
 if possible using    to the triggering 
 the ISIN CODE        transaction                Resulting situation after the triggering transaction 
                                   Number 
                     Number         of 
                      of            Voting       Number                      Number of voting 
                      Shares        Rights        of shares                   rights                                         % of voting rights (x) 
                                                 Direct                      Direct (xi)         Indirect (xii)              Direct         Indirect 
 
GB00BFPMV798            3,430,000     3,430,000                   3,600,000           3,600,000                                      3.13% 
 
B: Qualifying Financial Instruments 
Resulting situation after the triggering transaction 
                                                                                                           Number of voting 
                                                                                                         rights that may be 
                                                                                                            acquired if the 
Type of financial      Expiration                                 Exercise/                                   instrument is                     % of voting 
 instrument           date (xiii)                   Conversion Period (xiv)                           exercised/ converted.                          rights 
Convertible Loan        1 January 
 Note                        2016                            1 January 2016                                       4,000,000                           3.47% 
 
C: Financial Instruments with similar economic effect 
 to Qualifying Financial Instruments (xv, xvi) 
Resulting situation after the triggering transaction 
Type of financial        Exercise    Expiration        Exercise/ Conversion 
 instrument                 price   date (xvii)              period (xviii)    Number of voting rights instrument refers to    % of voting rights (xix, xx) 
Tern Plc Share                      15 February 
Option Plan                    9p          2022      Until 15 February 2022                                         500,000        Nominal            Delta 
                                                                                                                                     0.43%            0.43% 
 
Total (A+B+C) 
Number of voting rights                                                                                                         Percentage of voting rights 
8,100,000 (of 119,611,443 shares after 
 conversion)                                                                                                                                          6.77% 
 
 
 
 
9. Chain of controlled undertakings through which 
 the voting rights and/or the 
 financial instruments are effectively held, if applicable: 
 (xxi) 
 
 
Proxy Voting: 
10. Name of the proxy holder: 
11. Number of voting rights proxy holder will cease 
 to hold: 
12. Date on which proxy holder will cease to hold 
 voting rights: 
 
 
 13. Additional information: 
14. Contact name:                                             Michael Clark 
15. Contact telephone number:                                 07768 377 731 
 
 
 
   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 21, 2016 02:28 ET (06:28 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.