Business
Tern Plc : Directors' dealings, fund raising, s...
Tern Plc : Directors' dealings, fund raising, s....
About this update from Tern Plc
[{"type":"text","content":"\n Tern Plc : Directors' dealings, fund raising, shares in issue5 November 2013Tern Plc(AIM: TERN)Directors' dealings, fund raising, shares in issueThe Company is pleased to announce that Michael Clark and Angus Forrest have each converted £10,987.20 of Convertible Loanstock into 545,000 Shares under the terms of the Loanstock detailed in the Circular of 31 July 2013.A further 785,750 new ordinary shares of 0.02p each have been issued to investors at a price of 0.325p per share. Application has been made for the 1,875,000 new ordinary shares to be admitted to AiM and it is expected that dealings will commence with effect from Thursday 7 November 2013.The directors' holdings are as follows:Number ofShares%Michael Clark545,0005.0Angus Forrest545,0005.0Bruce Leith2,173,90019.9As at the date of this announcement the issued share capital is 10,891,700 Ordinary Shares of 0.02p and each share is entitled to one vote. The Company does not hold any shares in Treasury. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.Enquiries WH IrelandTel: 0117 945 3471John WakefieldPeterhouse Corporate Finance (Joint broker) Tel. 020 7469 0935Jon Levinson / Lucy WilliamsBishopsgate CommunicationsTel. 020 7562 3350Maxine Barnes/Nick Rome/Sam AllenThis announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.The owner of this announcement warrants that:(i) the releases contained herein are protected by copyright and other applicable laws; and(ii) they are solely responsible for the content, accuracy and originality of theinformation contained therein.Source: Tern Plc via Thomson Reuters ONEHUG#1740038\n \n ","length":6279,"tagName":"div"}]