Result of General Meeting
Tern Plc announced that all resolutions were passed at its General Meeting held on July 9, 2026. The adoption of the Company's Annual Accounts for the financial year ended December 31, 2025, received strong support with 98.16% of ordinary shares voted in favour. Shareholders also overwhelmingly re-appointed Gravita Audit II Limited as auditors with 98.90% of votes cast in favour. Additionally, an advisory resolution to approve the Directors' Remuneration Report for the financial year ended December 31, 2025, was approved by 96.85% of the votes cast.
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Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, announces that at the Company's General Meeting ("GM") 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 receive and adopt the Company's Annual Accounts for the financial year ended 31 December 2025, together with the Directors' Report and Auditors' Report. | 256,746,917 | 98.16% | 4,819,549 | 1.84% | 12,758,074 | 261,566,466 |
| 2. To re-appoint Gravita Audit II Limited as auditors of the Company, with their remuneration to be determined by the Directors. | 253,623,705 | 98.90% | 2,822,601 | 1.10% | 17,878,234 | 256,446,306 |
| 3. A dvisory only resolution to approve the Directors' Remuneration Report for the financial year ended 31 December 2025 (including the Company's remuneration policy). | 250,284,949 | 96.85% | 8,152,535 | 3.15% | 15,887,056 | 258,437,484 |
The resolutions are set out in full in the Notice of GM available on the Company's website at https://ternplc.com/aim-rule-26/.
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