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, Redleaf.

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	15,777,000	6.7
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.

Financial calendar

Year-end:	31 December
AGM:	24 April
Interims announced:	17 September

Financial information & accounts

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

20 August 2014 Tern PLC Interim Accounts to 30 June 2014

13 February 2014 Tern PLC Annual Report and Accounts 2013

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
Redleaf 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, Redleaf 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. Additionally we comply with the provisions of the Corporate Governance Code for Small and Mid-Size Listed Companies 2013 (“QCA Code”), as published by the Quoted Companies Alliance, to the extent they consider appropriate in light of the company’s size and stage of development.

For more information, please contact us.

Click here for further information on Corporate Governance, updated May 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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