Tern Plc Tern Plc : Holding(s) In Company
October 21 2016 - 1:28AM
UK Regulatory
TIDMTERN
For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: (ii) Tern Plc
2 Reason for the notification (please tick the appropriate
box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition of
shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar
economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the
notification obligation: (iii) Michael John Clark
4. Full name of shareholder(s)
(if different from 3.):(iv) Hargreaves Lansdown
5. Date of the transaction and date on
which the threshold is crossed or
reached: (v) 14/10/2016
6. Date on which issuer notified: 17/10/2016
7. Threshold(s) that is/are crossed or
reached: (vi, vii) 3%
8. Notified details:
A: Voting rights attached to shares (viii, ix)
Class/type of
shares Situation previous
if possible using to the triggering
the ISIN CODE transaction Resulting situation after the triggering transaction
Number
Number of
of Voting Number Number of voting
Shares Rights of shares rights % of voting rights (x)
Direct Direct (xi) Indirect (xii) Direct Indirect
GB00BFPMV798 3,430,000 3,430,000 3,600,000 3,600,000 3.13%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Number of voting
rights that may be
acquired if the
Type of financial Expiration Exercise/ instrument is % of voting
instrument date (xiii) Conversion Period (xiv) exercised/ converted. rights
Convertible Loan 1 January
Note 2016 1 January 2016 4,000,000 3.47%
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Conversion
instrument price date (xvii) period (xviii) Number of voting rights instrument refers to % of voting rights (xix, xx)
Tern Plc Share 15 February
Option Plan 9p 2022 Until 15 February 2022 500,000 Nominal Delta
0.43% 0.43%
Total (A+B+C)
Number of voting rights Percentage of voting rights
8,100,000 (of 119,611,443 shares after
conversion) 6.77%
9. Chain of controlled undertakings through which
the voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information:
14. Contact name: Michael Clark
15. Contact telephone number: 07768 377 731
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Tern Plc via Globenewswire
(END) Dow Jones Newswires
October 21, 2016 02:28 ET (06:28 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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