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Tern Plc announced that all resolutions were duly passed at its General Meeting held on 9 July 2026. Shareholders voted in favour of receiving the annual accounts (98.16% for), re-appointing Gravita Audit II Limited as auditors (98.90% for), and approving the Directors' Remuneration Report on an advisory basis (96.85% for).
| Date | 9 Jul 2026 |
| Time | 09:42:12 |
| Category | AGMs and other meetings |
| ID | 7068L |
9 July 2026
Tern Plc
("Tern" or the "Company")
Result of General Meeting
Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, announces that at the Company's General Meeting ("GM") held earlier today, all resolutions were duly passed.
Details of the proxy voting on each resolution are set out below:
|
Resolution |
Votes For |
Votes Against |
Votes Withheld* |
Total Votes Cast (excluding Withheld) |
||
|
No. of ordinary shares |
% of ordinary shares voted |
No. of ordinary shares |
% of ordinary shares voted |
No. of ordinary shares |
||
|
1. To receive and adopt the Company's Annual Accounts for the financial year ended 31 December 2025, together with the Directors' Report and Auditors' Report. |
256,746,917 |
98.16% |
4,819,549 |
1.84% |
12,758,074 |
261,566,466 |
|
2. To re-appoint Gravita Audit II Limited as auditors of the Company, with their remuneration to be determined by the Directors.
|
253,623,705 |
98.90% |
2,822,601 |
1.10% |
17,878,234 |
256,446,306 |
|
3. Advisory only resolution to approve the Directors' Remuneration Report for the financial year ended 31 December 2025 (including the Company's remuneration policy).
|
250,284,949 |
96.85% |
8,152,535 |
3.15% |
15,887,056 |
258,437,484 |
*A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
The resolutions are set out in full in the Notice of GM available on the Company's website at https://ternplc.com/aim-rule-26/.
Enquiries
|
Tern Plc Jane McCracken (Interim Non-Executive Chair) |
via IFC Advisory |
|
Allenby Capital Limited (Nominated Adviser and Broker) Alex Brearley / Ashur Joseph (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking) |
Tel: 0203 328 5656 |
|
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Staton |
Tel: 0203 934 6632 |