TERN PLC

Declaration of Voting Results & Voting Rights Announcements • Sep 23, 2024

National Storage Mechanism | Additional information

RNS Number : 2482F

Tern PLC

23 September 2024

23 September 2024

Tern Plc

("Tern" or the "Company")

Result of GM

Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, announces that at the Company's General Meeting ("GM") held earlier today all resolutions were passed. 

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		45,100,041	75.73	14,456,053	24.27	225,267	59,556,094
	SPECIAL RESOLUTION
2.   To disapply statutory pre-emption rights		44,887,088	75.37	14,669,006	24.63	225,267	59,556,094

*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 5 September 2024 and available on the Company's website at:

https://ternplc.com/aim-rule-26/ .

The votes received represented approximately 13.76 per cent. of the Company's issued share capital.

Whilst Resolutions 1 and 2 were passed with the necessary majorities, the Board notes the voting in relation to these resolutions. The Board is committed to continuing an open dialogue with the Company's shareholders. Following the voting at today's GM, where it is able to, the Board will continue to seek to engage with those shareholders who are understood to have voted against certain of the resolutions to understand their views and/or any specific concerns.

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

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