Share Name Share Symbol Market Type Share ISIN Share Description
Tern LSE:TERN London Ordinary Share GB00BFPMV798 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -1.54% 8.00p 7.75p 8.25p 8.125p 8.00p 8.125p 782,922.00 15:32:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 0.1 5.3 6.4 1.3 9.61

Tern Plc Statement Re Device Authority

15/02/2017 7:00am

UK Regulatory (RNS & others)


 
TIDMTERN 
 
   15 February 2017 
 
   Tern Plc 
 
   (AIM: TERN) 
 
   George Samenuk invests in Device Authority Limited 
 
   Tern Plc (AIM:TERN), the investment company specialising in the Internet 
of Things, is pleased to provide an update on Device Authority Ltd 
("Device Authority"), one of its investee companies. 
 
   George Samenuk, former Chairman and CEO of McAfee, who joined Device 
Authority's  board as a Non-Executive Director in January 2017, has 
subscribed GBP50,000 for 134,042 Class A Preference Shares at the same 
price as the shares were issued at in October 2016. All Class A 
Preference shareholders waived their pre-emption rights. Following this 
transaction Tern's percentage of the issued share capital of Device 
Authority is 56.8% (previously 56.9%). 
 
   Al Sisto, chairman of Device Authority, said "We welcome George's 
investment as a sign of his commitment to Device Authority and 
confidence in the success of the business. 
 
   Enquiries: 
 
 
 
 
Tern plc                        Tel: 020 3807 0222 
 Angus Forrest / Al Sisto 
 
  WH Ireland                      Tel: 0117 945 3470 
  (NOMAD and broker) 
  Mike Coe / Ed Allsop 
 
  Whitman Howard                  Tel: 020 7659 1234 
  (Joint broker) 
  Nick Lovering/ Francis North 
 
   About Device Authority 
 
   Device Authority provides simple, innovative solutions to address the 
challenges of securing the Internet of Things (IoT). We help our 
customers simplify the process of establishing a robust, end-to-end 
security architecture within the IoT and deliver efficiencies at scale 
through security automation. The KeyScaler(TM) IoT security platform is 
purpose-built to address these challenges through automated device 
provisioning, credential management, secure updates and policy-driven 
data encryption. 
 
   It has offices in Fremont, California and Bracknell, UK, Device 
Authority partners with the leading IoT ecosystem providers, including 
PTC http://www.ptc.com/ , DigiCert http://www.digicert.com/ , Dell 
http://www.dell.com/en-us/work/learn/internet-of-things-solutions , 
Symantec http://www.symantec.com/ and Intel 
http://www.intel.com/content/www/us/en/internet-of-things/overview.html 
. 
 
   About Tern: 
 
   Tern Plc acquires and invests in privately owned companies with IP, 
established products and customer bases. Its investment strategy is 
focused on taking an active role in its investee companies in order to 
improve the business model, accelerate growth, expand the business 
globally and identify exit opportunities. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Tern Plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

February 15, 2017 02:00 ET (07:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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