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Ian Ritchie, Non-Executive Chairman of Tern plc, purchased 227,688 ordinary shares in the Company on June 12, 2025. The shares were acquired at 1.538 pence per share, resulting in Ian Ritchie holding 2,504,575 ordinary shares, which represents approximately 0.43% of Tern plc's total voting rights.
| Date | 13 Jun 2025 |
| Time | 07:00:10 |
| Category | Director/PDMR dealings |
| ID | 6739M |
13 June 2025
Tern plc
("Tern" or the "Company")
Director Share Purchase
Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, announces that it was yesterday informed that Ian Ritchie, Non-Executive Chairman of the Company, had purchased 227,688 ordinary shares in the Company at a price of 1.538 pence per ordinary share. Following this purchase, Ian Ritchie now holds 2,504,575 ordinary shares, being approximately 0.43% of the Company's total voting rights.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation (2014/596/EU) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 and as modified by or under the European Union (Withdrawal) Act 2018 or other domestic law, provide further detail.
Enquiries:
|
Tern Plc Ian Ritchie (Chairman) |
via IFC Advisory |
|
Allenby Capital Limited (Nominated Adviser and Broker) Alex Brearley / Dan Dearden-Williams (Corporate Finance) Kelly Gardiner / Guy McDougall (Sales and Corporate Broking) |
Tel: 0203 328 5656 |
|
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler |
Tel: 0203 934 6630 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
Ian Ritchie |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Non-Executive Chairman |
|
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 |
|
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 instrument, type of instrument Identification code |
Ordinary shares of 0.02p each
GB00BFPMV798 |
|
b) |
Nature of the transaction |
Purchase of ordinary shares |
|
c) |
Price(s) and volume(s) |
Price(s) Volume(s) 1.538 pence - 227,688 shares |
|
d) |
Aggregated information - Aggregated volume - Price |
N/A £3,501.84 |
|
e) |
Date of the transaction |
12 June 2025 |
|
f) |
Place of the transaction |
London Stock Exchange |