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