RNS Number : 3904K Tern PLC 30 June 2026  

30 June 2026

Tern Plc

("Tern" or the "Company")

Result of AGM

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

1. To authorise the Directors to allot and grant rights to subscribe for, or convert any security into, Ordinary Shares up to a total nominal value of £35,000 (representing a total of up to 175,000,000 new Ordinary Shares).

278,705,410

96.81%

9,178,902

3.19%

10,137,055

287,884,312

2. To disapply statutory pre-emption rights, provided that such authority shall be limited to an aggregate nominal value of £15,000 (representing a total of up to 75,000,000 new Ordinary Shares).

237,140,635

81.49%

53,863,386

18.51%

7,017,346

291,004,021

3. To authorise the Company to make market purchases of its Ordinary Shares, subject to certain restrictions.

284,224,541

96.99%

8,807,538

3.01%

4,989,288

293,032,079

* Votes 'For' include votes giving the Chairman discretion.

** 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 Notice of AGM available on the Company's website at https://ternplc.com/aim-rule-26/.

Whilst Resolution 2 was passed with the necessary majority, the Board notes the proportion of shareholders who have voted against resolution 2. The Board is committed to continuing an open dialogue with the Company's shareholders and following the voting at the AGM, 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

Jane McCracken (Interim Non-Executive Chair)

via IFC Advisory

Allenby Capital Limited

(Nominated Adviser and Broker)

Alex Brearley / Ashur Joseph (Corporate Finance)

Kelly Gardiner (Sales and Corporate Broking)

Tel: 0203 328 5656

IFC Advisory

(Financial PR and IR)

Tim Metcalfe

Graham Herring

Florence Staton

Tel: 0203 934 6632

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.  END  RAGURSKRNVUNORR