Tern PLC: Director/PDMR Dealing (711751)

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 Tern PLC (TERN) 
Tern PLC: Director/PDMR Dealing 
 
08-Aug-2018 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
8 August 2018 
 
      Tern Plc (the "Company") 
 
      Director/PDMR Dealing 
 
         Tern Plc (AIM:TERN), the investment company specialising in the IoT 
     ("Internet of Things"), announces it has been informed of the following 
 share purchases of, and transactions in, the ordinary shares of the Company 
            ("Ordinary Shares") by certain directors. 
 
   Ian Ritchie, Chairman, via his SIPP, purchased 100,000 ordinary shares at 
            16.56 pence per Ordinary Share. 
 
       Albert Sisto, CEO, purchased 100,000 shares at 19.40 pence per share. 
 
   Following the above transactions, Albert Sisto is interested in 9,683,333 
    Ordinary Shares representing 4.1 per cent. of the Company's issued share 
  capital. Ian Ritchie is interested in 677,000 Ordinary Shares representing 
            0.3 per cent. of the Company's issued share capital. 
 
 This announcement contains inside information for the purposes of Article 7 
            of EU Regulation 596/2014. 
 
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                          Ian Ritchie 
 
2  Reason for the notification 
 
a) Position/status               Director 
 
b) Initial notification          Initial notification 
   /Amendment 
 
3  Details of the issuer, emission allowance market 
   participant, auction platform, auctioneer or auction 
   monitor 
 
a) Name                          Tern Plc 
 
b) LEI                           2138005F87SODHL9CQ36 
 
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  Ordinary shares of 0.02 pence 
   instrument, type of           in Tern Plc 
   instrument 
 
   Identification code 
 
                                 GB00BFPMV798 
b) Nature of the transaction     Purchase of shares 
 
c) Price(s) and volume(s) 
 
                                 Price(s)    Volume(s) 
 
                                 16.56 pence   100,000 
 
d) Aggregated information 
 
   - Aggregated volume           100,000 
 
   - Price                       GBP16,560 
 
e) Date(s) of the transaction    6 August 2018 
 
f) Place of the transaction      London Stock Exchange, AIM 
 
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          Initial notification 
   /Amendment 
 
3  Details of the issuer, emission allowance market 
   participant, auction platform, auctioneer or auction 
   monitor 
 
a) Name                          Tern Plc 
 
b) LEI                           2138005F87SODHL9CQ36 
 
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  Ordinary shares of 0.02 pence 
   instrument, type of           in Tern Plc 
   instrument 
 
   Identification code 
 
                                 GB00BFPMV798 
b) Nature of the transaction     Purchase of shares 
 
c) Price(s) and volume(s) 
 
                                 Price(s)    Volume(s) 
 
                                 19.40 pence   100,000 
 
d) Aggregated information 
 
   - Aggregated volume           100,000 
 
   - Price                       GBP19,400 
 
e) Date(s) of the transaction    7 August 2018 
 
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/Christopher Furness 
 
           Redleaf Communications Tel: [phone] 
 
    Elisabeth Cowell/Fiona Norman 
 
ISIN:          GB00BFPMV798 
Category Code: MSCM 
TIDM:          TERN 
LEI Code:      2138005F87SODHL9CQ36 
Sequence No.:  5844 
EQS News ID:   711751 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

August 08, 2018 02:01 ET (06:01 GMT)