TERN PLC

Declaration of Voting Results & Voting Rights Announcements • Sep 26, 2023

National Storage Mechanism | Additional information

RNS Number : 7113N

Tern PLC

26 September 2023

26 September 2023

Tern Plc

("Tern" or the "Company")

Result of GM

Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that at the Company's General Meeting ("GM") held earlier today all resolutions were passed on a show of hands. 

Details of the proxy voting on each resolution are set out below:

Resolution		Votes For		Votes Against		Votes Withheld*	Total Votes Cast (excluding Withheld)*
No. of ordinary shares	% of ordinary shares voted*	No. of ordinary shares	% of ordinary shares voted*	No. of ordinary shares
	ORDINARY RESOLUTION
1.   To authorise the Directors to allot securities		110,019,082	89.7%	12,578,831	10.3%	199,560	122,597,913
	SPECIAL RESOLUTION
2.   To disapply statutory pre-emption rights		107,991,758	88.1%	14,606,155	11.9%	199,560	122,597,913

* A 'Vote Withheld' is not a vote in law and has not been counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

The resolutions are set out in full in the Company's Notice of General Meeting dated 31 August 2023.  The total votes received (excluding votes withheld) represented approximately 31.5 per cent. of the Company's issued share capital.

Enquiries

Tern Plc Ian Ritchie (Chairman)	via IFC Advisory
Allenby Capital Limited (Nominated Adviser and Broker) Alex Brearley / Dan Dearden-Williams (Corporate Finance) Kelly Gardiner / Guy McDougall (Sales and Corporate Broking)	Tel: 0203 328 5656
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler	Tel: 0203 934 6630 tern@investor-focus.co.uk

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