Tern PLC: Issue of Equity (695989)

Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 Tern PLC (TERN) 
Tern PLC: Issue of Equity 
 
18-Jun-2018 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
18 June 2018 
 
             Tern Plc ("Tern" or the "Company") 
 
             Issue of Equity 
 
Tern Plc (AIM: TERN), the investment company specialising in the Internet of 
  Things ("IoT"), announces that it has issued and allotted 100,000 ordinary 
         shares of 0.02 pence each pursuant to the exercise of share options 
                           exercisable at 8.5 pence per share. 
 
Application has been made for the 100,000 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 19 June 2018. 
 
 The share options were issued to an employee of a portfolio company as part 
                           of their remuneration package. 
 
   Following admission of the new ordinary shares, the enlarged issued share 
 capital will be 225,484,580 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. 
 
 This announcement contains inside information for the purposes of Article 7 
                           of EU Regulation 596/2014 
 
Enquiries: 
 
Tern Plc                       via Redleaf 
 
Al Sisto/Sarah Payne 
 
                    WH Ireland Tel: 0117 945 3470 
 
      (NOMAD and joint broker) 
 
           Mike Coe/Ed Allsopp 
 
                Whitman Howard Tel: 020 7659 1234 
 
                (Joint broker) 
 
   Nick Lovering/Francis North 
 
        Redleaf Communications Tel: 020 7382 4730 
 
Elisabeth Cowell/ Fiona Norman 
 
ISIN:          GB00BFPMV798 
Category Code: IOE 
TIDM:          TERN 
LEI Code:      2138005F87SODHL9CQ36 
Sequence No.:  5655 
EQS News ID:   695989 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

June 18, 2018 02:01 ET (06:01 GMT)

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