Tern Plc Statement Re Exercise Of Warrant

 
TIDMTERN 
 
 
   12 September 2017 
 
   Tern Plc (AIM: TERN) 
 
   Exercise of warrant 
 
   Tern Plc (AIM:TERN), the investment company specialising in the Internet 
of Things (IoT), announces that it will issue and allott 198,151 
Ordinary Shares of 0.02 pence each ("Ordinary Shares") pursuant to the 
exercise of a share warrant exercisable at 4 pence per share. 
 
   Application will be made for the 198,151 new ordinary shares to be 
admitted to trading on AIM and it is expected that admission will take 
place on or around 8:00 a.m. on 18 September 2017 ("Admission"). 
 
   The warrant was issued to Jon Penney, the vendor, as part of the 
consideration for the purchase of Cryptosoft Limited (now known as 
Device Authority Ltd) in September 2014. 
 
   In accordance with the Disclosure Guidance and Transparency Rules (DTR 
5.6.1R) the Company hereby notifies the market that immediately 
following Admission its issued share capital will consist of 129,566,855 
ordinary shares of 0.02 pence each.  The Company does not hold any 
shares in treasury.  Shareholders may use these figures as the 
denominator for the calculations by which they will determine if they 
are required to notify their interest in, or a change to their interest 
in, the Company under the FCA's Disclosure and Transparency Rules. 
 
   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

September 12, 2017 02:00 ET (06:00 GMT)

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