Tern PLC Chief Executive Officer Subscription (9905W)
2022年8月24日 - 03:00PM
RNSを含む英国規制内ニュース (英語)
TIDMTERN
RNS Number : 9905W
Tern PLC
24 August 2022
24 August 2022
Tern Plc
("Tern" or the "Company")
Chief Executive Officer Subscription
Tern Plc (AIM:TERN), the company focused on value creation from
Internet of Things ("IoT") technology businesses, announces that on
23 August 2022, the Company entered into a direct subscription (the
"Subscription") with Albert Sisto, Chief Executive Officer, via the
Albert E Sisto Revocable Trust, for a total of 200,000 new Ordinary
Shares of 0.02p pence each ("Ordinary Shares") at an issue price of
9.9p pence per share (the "Issue Price") (the "Subscription
Shares").
The Subscription has been undertaken by the Company to allow Mr.
Sisto to increase his interest in the Company, which is otherwise
difficult for Mr. Sisto to do, due to his primary residency and tax
status in the United States of America. The Issue Price is equal to
the closing mid-market price of the Company's Ordinary Shares on
AIM on the business day prior to this announcement.
Albert Sisto's total beneficial interest following this
transaction will be 10,616,666 Ordinary Shares, representing
approximately 3.01% of the voting rights in the Company's enlarged
share capital following the issue of the Subscription Shares. The
FCA notification, made in accordance with the requirements of the
UK Market Abuse Regulation, is appended below.
Application has been made for the 200,000 Subscription Shares to
be admitted to trading on AIM ("Admission"), which is expected to
take place on or around 30 August 2022. Once issued, the
Subscription Shares will rank pari passu in all respects with the
existing Ordinary Shares of the Company.
Total Voting Rights
Following Admission, the Company's issued ordinary share capital
will consist of 352,214,701 Ordinary Shares, all of which carry one
voting right per share. The Company does not hold any Ordinary
Shares in treasury. Therefore, the total number of Ordinary Shares
and voting rights in the Company will be 352,214,701. With effect
from Admission, this figure may be used by shareholders 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 Guidance and
Transparency Rules.
Enquiries
Tern Plc via IFC Advisory
Al Sisto (CEO)
Sarah Payne (CFO)
Allenby Capital Limited Tel: 0203 328 5656
(Nominated Adviser and Broker)
David Worlidge / Alex Brearley (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales
and Corporate Broking)
IFC Advisory Tel: 0203 934 6630
(Financial PR and IR) tern@investor-focus.co.uk
Tim Metcalfe
Graham Herring
Florence Chandler
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Albert Sisto
------------------------------- --------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director, Chief Executive Officer
------------------------------- --------------------------------------
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 Ordinary Shares
the Financial instrument, of 0.02p each
type of instrument
Identification ISIN: GB00BFPMV798
code
------------------------------- --------------------------------------
b) Nature of the transaction Subscription of new ordinary shares
------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.099
per share 200,000
----------
------------------------------- --------------------------------------
d) Aggregated information:
--Aggregated volume 200,000
--Price GBP0.099 per share
------------------------------- --------------------------------------
e) Date of the transaction 23 August 2022
------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue - conditional
issue of new ordinary shares
------------------------------- --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLFSATAIVFIF
(END) Dow Jones Newswires
August 24, 2022 02:00 ET (06:00 GMT)
Tern (LSE:TERN)
過去 株価チャート
から 2 2024 まで 3 2024
Tern (LSE:TERN)
過去 株価チャート
から 3 2023 まで 3 2024