Tern PLC Result of GM (7113N)

TIDMTERN

RNS Number : 7113N

Tern PLC

26 September 2023

Tern Plc

("Tern" or the "Company")

Result of GM

Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that at the Company's General Meeting ("GM") held earlier today all resolutions were passed on a show of hands.

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   % of        No. of       % of        No. of 
                            shares            ordinary    ordinary     ordinary    ordinary 
                                              shares      shares       shares      shares 
                                              voted*                   voted* 
                          ----------------  ----------  -----------  ----------  ---------------- 
  ORDINARY RESOLUTION 
 1. To authorise 
  the Directors 
  to allot securities      110,019,082       89.7%       12,578,831   10.3%       199,560           122,597,913 
                          ----------------  ----------  -----------  ----------  ----------------  ----------------- 
  SPECIAL RESOLUTION 
 
 2. To disapply 
  statutory pre-emption 
  rights                   107,991,758       88.1%       14,606,155   11.9%       199,560           122,597,913 
                          ----------------  ----------  -----------  ----------  ----------------  -----------------

* 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 Company's Notice of General Meeting dated 31 August 2023. The total votes received (excluding votes withheld) represented approximately 31.5 per cent. of the Company's issued share capital.

Enquiries

 
 Tern Plc                                            via IFC Advisory 
  Ian Ritchie (Chairman) 
 
   Allenby Capital Limited                             Tel: 0203 328 
   (Nominated Adviser and Broker)                      5656 
   Alex Brearley / Dan Dearden-Williams (Corporate 
   Finance) 
   Kelly Gardiner / Guy McDougall (Sales 
   and Corporate Broking) 
 
   IFC Advisory                                        Tel: 0203 934 
   (Financial PR and IR)                               6630 
   Tim Metcalfe                                        tern@investor-focus.co.uk 
   Graham Herring 
   Florence Chandler

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END

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(END) Dow Jones Newswires

September 26, 2023 07:19 ET (11:19 GMT)

Tern (LSE:TERN)
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