Investors

Tern PLC, a company whose main country of operation is the United Kingdom and which is incorporated in England (Registration Number: 5131386), is an investment and advisory business listed on AIM. The information disclosed in this section is in accordance with Rule 26 of the AIM Rules for Companies and was last updated on 17th September 2018.

If you are unable to find the information you require please contact Tern's financial PR agency, Newgate Communications.

Tern PLC seeks to target established software businesses with revenue and Intellectual Property to invest in and either:

  • Add value by improving capital efficiencies and building sales and marketing strategies to increase market penetration. The intention is to focus on IoT and cloud businesses, which could benefit from improvement to their business model, growth in sales and distribution in overseas markets.
  • Take a passive investment stance in businesses with near term value potential.

Shares in issue and shareholders

Tern PLC shares in issue - 236,676,887 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, 8.1%.

Significant Shareholders

Number of Shares

%

John Mahtani

16,584,000

7.0

Al Sisto

9,683,333

4.1

Bruce Leith

8,857,233

3.7

Canaccord Genuity Group Inc

7,423,808

3.1


This information was updated on 9th August 2018.

There are no restrictions on the transferability of the Company's ordinary shares.

Advisers

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

 

Investor contacts

Please contact Tern's financial PR agency, Newgate Communications in the first instance.

Corporate governance

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 28 September 2018.

 

Directors & responsibilities

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.

Current constitutional documents

See below for our current listing of constitutional documents:

Articles of Association for Tern Plc

 

Admission documents and circulars

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

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Regulatory news

To view our regulatory news, please click here.