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 Albert Sisto transferred a total of 2,280,000 Ordinary Shares of 0.02p each to Albert E Sisto Revocable Trust at nil cost.
Albert Sisto's beneficial interest following this transaction is 6,263,333 ordinary shares, representing approximately 5.2% 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
Al Sisto
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 a Trust
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 2,280,000 |
d)
Aggregated information
- Aggregated volume
- Price
2,280,000 Nil
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 |
