Tern PLC: Director appointment (1011119)
31 Marzo 2020 - 8:00AM
UK Regulatory
Tern PLC (TERN)
Tern PLC: Director appointment
31-March-2020 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
31 March 2020
Tern Plc ("Tern" or the "Company")
Director appointment
Tern Plc (AIM:TERN), the investment company specialising in the Internet of
Things ("IoT"), is pleased to announce the appointment of Matthew Scherba as
Investment Director with immediate effect. Matthew originally joined Tern in
December 2019 in a non-Main Board capacity.
Matthew has 25 years of start-up and scale-up experience specialising in
working and investing in technology companies across the IoT industry, his
experience covers the full company lifecycle development, from start-up to
exit, with a focus on strategy and commercial scale across both the private
and public sector markets. Prior to joining Tern, he spent almost five years
at a UK venture capital investment company dedicated to the IoT arena.
During this time, he helped originate, invest and support the development of
disruptive technology companies in the UK, Europe and the US, and
particularly within artificial intelligence (AI) and machine learning.
Additionally, he held board positions on several portfolio companies, and
worked with management teams to help develop their strategic, commercial and
operational functions.
Al Sisto, CEO of Tern, said:
"With 25 years of experience working with or investing in technology
companies, Matthew will be a highly valuable addition to our Board. He has
already made a significant contribution since joining our company at the end
of 2019 and we look forward to benefitting from his experience at a Board
level. As Investment Director, he will help us to expand our support to our
portfolio companies, identify commercial businesses and new opportunities in
this high growth industry and further develop our investment strategy."
Matthew Peter Scherba (aged 53)
In accordance with Schedule 2(g) of the AIM Rules, Matthew Scherba holds, or
has held in the past five years, the following directorships and
partnerships:
Current Past five years
Tx3 Solutions Limited Wearable Technologies Limited
Talepathy Limited
Plancentric Limited Foodmarble Digestive Health
Limited (Ireland)
Plancentric Global Limited Peafowl Solar Power AB
Foodmarble Digestive Health
Limited (UK)
InVMA Limited
Mr Scherba and his family members are beneficially interested in a total of
716,0001 ordinary shares of 0.02p in Tern ("Ordinary Shares"), which is
equivalent to 0.25% of the Company's voting rights.
1Mr Scherba is beneficially interested in 325,000 Ordinary Shares and his
family members are beneficially interested in the following Ordinary Shares:
L Gennard, 325,000 Ordinary Shares, L Scherba, 33,000 Ordinary Shares and S
Scherba, 33,000 Ordinary Shares.
Enquiries
Tern Plc via Newgate
Communications
Al Sisto/Sarah Payne
Allenby Capital Limited Tel: 0203 328 5656
(Nomad and Joint broker)
David Worlidge/Alex Brearley/Guy
McDougall
Whitman Howard Tel: 020 7659 1234
(Joint broker)
Nick Lovering/Christopher Furness
Newgate Communications Tel: 020 3757 6880
Elisabeth Cowell/Megan Kovach
ISIN: GB00BFPMV798
Category Code: MSCM
TIDM: TERN
LEI Code: 2138005F87SODHL9CQ36
Sequence No.: 55537
EQS News ID: 1011119
End of Announcement EQS News Service
(END) Dow Jones Newswires
March 31, 2020 02:00 ET (06:00 GMT)
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