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TERN

0.00%
NEUTRAL

Tern Director Increases Stake

Why we think this is neutral

The RNS announcement is about a director purchasing additional shares in the company, which is a neutral event that does not significantly impact the company's fundamentals or outlook.

Key Points

  • Non-Executive Director Iain Ross has purchased 110,000 ordinary shares in Tern Plc
  • Iain Ross now holds 1,210,000 ordinary shares, representing 0.21% of the company's total voting rights

Summary

The non-executive director of the software investment firm has purchased additional shares, increasing their stake in the company.

Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, has announced that one of its Non-Executive Directors, Iain Ross, has purchased 110,000 ordinary shares in the company at a price of 1.70 pence per share. Following this purchase, Iain Ross now holds 1,210,000 ordinary shares, representing approximately 0.21% of the company's total voting rights.

DIRECTOR DEALINGS