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Tuesday, 12 September 2017

Statement re Exercise of Warrant

     

Published: 08:00 CEST 12-09-2017 /GlobeNewswire /Source: Tern Plc / : TERN /ISIN: GB00BFPMV798

Statement re Exercise of Warrant

12 September 2017

 

Tern Plc (AIM: TERN)

 

Exercise of warrant

 

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things (IoT), announces that it will issue and allott 198,151 Ordinary Shares of 0.02 pence each ("Ordinary Shares") pursuant to the exercise of a share warrant exercisable at 4 pence per share.

 

Application will be made for the 198,151 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on or around 8:00 a.m. on 18 September 2017 ("Admission").

 

The warrant was issued to Jon Penney, the vendor, as part of the consideration for the purchase of Cryptosoft Limited (now known as Device Authority Ltd) in September 2014. 

 

In accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission its issued share capital will consist of 129,566,855 ordinary shares of 0.02 pence each.  The Company does not hold any shares in treasury.  Shareholders may use these figures 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 and Transparency Rules.

 

 

 

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

David Ison/Elisabeth Cowell

 

Tel: 020 7382 4730

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Tern Plc, 9 Catherine Place, London SW1E 6DX, UK
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