15 May 2017
Tern Plc
(AIM: TERN)
Directors' dealings
Tern Plc (AIM:TERN), the investment company specialising in Internet of Things, announces that it was advised on 12 May 2017 that Bruce Leith transferred a total of 220,000 Ordinary Shares of 0.02p each to his wife at nil cost and sold a total of 220,000 Ordinary Shares of 0.02p each at a price of 8.75p and his ISA bought back 220,000 Ordinary Shares of 0.02p each at a price of 8.76p.
Bruce Leith's beneficial interest including shares owned by his wife following this transaction is 5,957,233 ordinary shares, representing approximately 5.0% of the issued share capital.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Bruce Leith
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
LEI
N/A
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 0.02p each
GB00BFPMV798
b)
Nature of the transaction
Transfer of shares to wife and sale of shares and buy back by his ISA
c)
Price(s) and volume(s)
| Price(s) |
Volume(s) |
| nil |
440,000 |
d)
Aggregated information
440,000
Transfer to wife: nil cost
Sale and buy back by ISA: sold at 8.75p, bought back at 8.76p
e)
Date of the transaction
12 May 2017
f)
Place of the transaction
n/a
Enquiries:
Tern Plc
Al Sisto/Sarah Payne |
via Redleaf |
WH Ireland
(NOMAD and joint broker)
Mike Coe/Ed Allsopp |
Tel: 0117 945 3470 |
Whitman Howard
(Joint broker)
Nick Lovering/Francis North |
Tel: 020 7659 1234 |
Redleaf Communications
Rebecca Sanders-Hewett/David Ison |
Tel: 020 7382 4730 |
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
