Tern Plc : Holding(s) in Company

For filings with the FCA include the annex For filings with issuer exclude the annex  TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i   1. Identity of the issuer or the underlying issuerof existing shares to which voting rights are...
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For filings with the FCA include the annex  
For filings with issuer exclude the annex  
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
   
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii
Tern Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached  
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments  
An event changing the breakdown of voting rights  
Other (please specify):    
3. Full name of person(s) subject to the
notification obligation:
iii
Michael John Clark
4. Full name of shareholder(s)
 (if different from 3.):iv
Hargreaves Lansdown
5. Date of the transaction and date on
which the threshold is crossed or
reached:
v
14/10/2016
6. Date on which issuer notified: 17/10/2016
7. Threshold(s) that is/are crossed or
reached:
vi, vii
3%


8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of
shares


if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of  voting rights x
Direct Direct xi Indirect xii Direct Indirect
  3,430,000 3,430,000 3,600,000 3,600,000   3.13%  
GB00BFPMV798
 
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date
xiii
Exercise/
Conversion Period
xiv
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
Convertible Loan Note 1 January 2016 1 January 2016 4,000,000 3.47%
 
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise price Expiration date xvii Exercise/
Conversion period
xviii
Number of voting rights instrument refers to

 
% of voting rights xix, xx

 
Tern Plc Share Option Plan 9p 15 February 2022 Until 15 February 2022 500,000

 
Nominal Delta
0.43% 0.43%
 
Total (A+B+C)
Number of voting rights Percentage of voting rights
8,100,000 (of 119,611,443 shares after conversion) 6.77%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi
 

 
 
Proxy Voting:
10. Name of the proxy holder:  
11. Number of voting rights proxy holder will cease
to hold:
 
12. Date on which proxy holder will cease to hold
voting rights:
 
 

13. Additional information:


14. Contact name: Michael Clark
15. Contact telephone number: 07768 377 731




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tern Plc via Globenewswire

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