Tern PLC is an AIM listed provider of venture capital to exciting IoT innovators seeking scale and market share.
We provide our investors with a unique opportunity to capitalise on the rapid growth of IoT having developed a portfolio which has delivered solid NAV growth since we set up in 2013.
Tern takes influential positions in software companies which develop commercial IoT security, enablement and analytics solutions for the healthcare and industrial sectors, where safety and regulatory compliance are important market requirements.
As well as providing expansion capital, we also use our experience to proactively support the growth of our portfolio companies. We create a collaborative environment for our portfolio companies which deliver benefits to the individual businesses. By taking a Board seat, we are positioned to provide operational guidance and to make meaningful introductions to its extensive network potential partners, customers and suppliers.
Ultimately, we help businesses to fulfil their exciting potential, achieve market leadership and deliver strong exit multiples.
Tern PLC shares in issue - 254,323,945 ordinary shares of 0.02p and each share is entitled to one vote.
Tern PLC has not applied, or agreed, to have any of its securities admitted to trading on any other exchange or trading platform than AIM.
The number of shares not in public hands is 19,217,566 shares, 7.6%.
Significant Shareholders |
Number of Shares |
% |
|
John Mahtani |
16,489,545 |
6.5 |
|
Al Sisto |
9,683,333 |
3.8 |
|
Bruce Leith |
8,857,233 |
3.5 |
|
Canaccord Genuity Group Inc |
7,423,808 |
2.9 |
This information was updated on 5th April 2019.
There are no restrictions on the transferability of the Company's ordinary shares.
|
Year-end: |
31 December |
|
AGM: |
25 April 2019 |
|
Interims announced: |
TBC |
25 March 2019 Tern PLC Report and Accounts 2018
17 September 2018 Tern PLC Interim Accounts to 30 June 2018
27 March 2018 Tern PLC Report and Accounts 2017
4 September 2017 Tern PLC Interim Accounts to 30 June 2017
17 February 2017 Tern PLC Annual Report and Accounts 2016
26 July 2016 Tern PLC Interim Accounts to 30 June 2016
26 January 2016 Tern PLC Annual Report and Accounts 2015
5 August 2015 Tern PLC Interim Accounts to 30 June 2015
10 February 2015 Tern PLC Annual Report and Accounts 2014
Nominated Adviser and Broker
Allenby Capital Limited, 5 St. Helen's Place, London, EC3A 6AB
Broker
Whitman Howard, 1 Mount Street, London, W1K 3NB
Financial PR
Newgate Communications, Sky Light City Tower, 50 Basinghall Street, London, EC2V 5DE
Company Registrar
Share Registrars Ltd, The Courtyard, 17 West Street, Farnham, Surrey, GU9 7DR
Auditors
Grant Thornton LLC, Melton Street, London, NW1 2EP
Corporate Lawyers
Reed Smith, The Broadgate Tower, 20 Primrose Street, London, EC2A 2RS
Please contact Tern's financial PR agency, Newgate Communications in the first instance.
The Directors have been advised that Tern PLC is subject to the UK City Code on Takeovers and Mergers. The Board recognises the value and importance of high standards of corporate governance. Accordingly, the Board has adopted the Corporate Governance Code 2018 (“the Code”) published by the Quoted Company Alliance (“QCA”). For further details, please see the link below.
For more information, please contact us.
Click here for further information on Corporate Governance. Updated 4 June 2019.
Please note, the information disclosed on this page is in accordance with Rule 26 of the AIM Rules for Companies and was last updated on 4th July 2019.
View our board of directors here.
The Board comprises three Executive Directors and two Non-Executive Directors. The Board manages the Company's affairs according to the schedule of matters reserved for its decision, including the approval of financial statements, acquisitions and disposals, authority levels for expenditure, and reviews of monthly and other management reports.
The Company holds board meetings periodically as issues arise which require the attention of the Board. The Board is responsible for the management of the business of the company, setting its strategic direction and establishing policy. It is the Board’s responsibility to oversee and monitor the financial position, the business and the affairs of the Company on behalf of the shareholders, to whom the Directors are accountable.
The Audit Committee and the Remuneration Committee both comprise Ian Ritchie and Alan Howarth and are both chaired by Alan Howarth.
See below for our current listing of constitutional documents:
Articles of Association for Tern Plc
Please see below for all admissions and circulars:
15.10.13 Tern Circular
31.07.13 R2710 SLME Circular
16.11.12 Silvermere Notice of General Meeting
02.08.11 Silvermere Admission Document
01.03.10 Core Circular March 2010
01.03.06 The Core Business plc Admission Document
We post news and general company updates for Device Authority, flexiOPS, InVMA, Push Technology, Seal Software and Wyld Technologies.
Tern PLC
Gridiron
One Pancras Square
London, N1C 4AG
e info@ternplc.com
t 0203 807 0222
Connectivity is key to IoT products. Connectivity, after all, is what turns simple – well – thingsinto part of the Internet of Things (IoT). Connectivity is what enables the data collected by IoT devices to be analysed, organised and put to tangible use.
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