Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Tern Plc 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
  0.50 4.88% 10.75 10.50 11.00 11.25 10.25 10.25 4,357,363 16:23:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.0 4.6 1.4 8.0 38

Tern Share Discussion Threads

Showing 330801 to 330820 of 394450 messages
Chat Pages: Latest  13234  13233  13232  13231  13230  13229  13228  13227  13226  13225  13224  13223  Older
DateSubjectAuthorDiscuss
14/7/2021
06:09
14/07/2021 7:00am
UK Regulatory (RNS & others)

Tern (LSE:TERN)
Intraday Stock Chart

Wednesday 14 July 2021

Click Here for more Tern Charts.
TIDMTERN

RNS Number : 1430F

Tern PLC

14 July 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR") . UPON THE PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.

14 July 2021
Tern Plc

("Tern" or the "Company")

Result of Fundraise

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to confirm, further to the announcements made yesterday, 13 July 2021, the completion of its Fundraise at the Issue Price of 18.8 pence per share.

The Company is pleased to announce that the Retail Offer via PrimaryBid successfully completed and closed at 7:05 p.m. on 13 July 2021. The Retail Offer was oversubscribed. From the Retail Offer, the Company has raised

gross proceeds of approximately GBP1.99 million at the Issue Price of 18.8 pence per share.
In aggregate, the Subscription and the Retail Offer have raised gross proceeds of GBP 4 million for the Company, via the subscription of 10,710,400 Subscription Shares to be issued pursuant to the Subscription and

10,566,200 Retail Shares to be issued pursuant to the Retail Offer.
The issue of a total of 21,276,600 new Ordinary Shares pursuant to the Fundraise is conditional upon the admission of the Subscription Shares and the Retail Shares to trading on AIM on 26 July 2021, or such later time and/or date as the Company may agree (being not later than 8.00 a.m. on 4 August 2021).

The Subscription Shares and the Retail Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares of the Company, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares after the date of issue of the Subscription Shares and the Retail Shares.

Allenby Capital Limited acted as Nominated Adviser and sole Broker to the Company in relation to the Subscription. The Retail Offer was managed by PrimaryBid.

Admission and Dealings

Application will be made to the London Stock Exchange for the Subscription Shares and the Retail Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur and dealings will commence in the Subscription Shares and the Retail Shares at 8.00 a.m. on or around 26 July 2021.

Total Voting Rights

Following Admission, the Company's issued and fully paid share capital will consist of 351,614,701 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 351,614,701. With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Al Sisto, CEO of Tern, commented on the Fundraise:

"We are very pleased with the support we have received from both existing and new shareholders for the Fundraise. As outlined in the announcement of the Fundraise yesterday, we intend to utilise the proceeds to maximise the value to our shareholders of our portfolio and I look forward to providing further updates in due course."

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company at 5:05

sweepie2
14/7/2021
06:09
How many were shorts able to buy back ? Closed very quickly,
still waiting
14/7/2021
06:08
Thank you , off you go now !!!!'
tialouise
14/7/2021
06:07
Not surprised to see the Retail Offer was over subscribed .. Big demand here with Shorts final opportunity to close ! Ignore the bashers
moneymaker6
14/7/2021
06:06
RNS.Oversubscribed. Closed in 2 hours.This LTH is still very confident.
ricardox
14/7/2021
05:58
Embarrassing for the blatant rampers
Discouraging for all genuine holders
Off putting for potential new investors
imho

judijudi
14/7/2021
05:13
no meat on the bone, just an unprofessional primary bid raise.
If BOD want to attract real big money, they need to get professional now.

I would have taken my allocation up in full if they had done it via rights issue.

Seeems slap dash and a bit desperate.

Remember DA is valued at only £14m, yet mk cap £70m. big difference.

I like to see clarity that DA is growing further with IP and client on boarding.
I believe they have the potential but you need different people sometime to get to realise this potential.

they need to tell us how is the business running or no one knows.

//////////
--Holding: Tern has a 56.8% holding in DA (A shares) and as at 30 June 2020 this had a book valuation of £13.8 million. The current convertible loan balance is US$4 million and Tern also holds 12,406 B shares in DA. DA's B shares are non-voting, and in conjunction with DA's C shares, participate in 25% of the net proceeds on a liquidity event.--
]]]]]]]]]

d.w

dewolf
14/7/2021
03:44
Lets just leave the board to run Tern how they need to at this time, as said money will be needed shortly to strengthen our hand in negotiations. We are so close to something very remarkable here so stay calm over the next few days and we all will be rewarded very handsomely. Hold onto your shares as getting them back could be harder than you might think, just watch any loose shares get gobbled up. Patience now guys, patience.
oldishrocker
13/7/2021
21:47
Sweeps, perhaps they need the money now and not in a few weeks time.
cheshire
13/7/2021
21:46
What price would you predict when OTC listing live then ?

Just so we can compare .

still waiting
13/7/2021
21:31
I see nobody knows the answer on why this raise didn't take place when we were on the OTC and therefore at higher prices
sweepie2
13/7/2021
21:27
“I bought 3.6 million at sub 3p”
😂🤣😂🤣 8514;

judijudi
13/7/2021
21:08
That's fine Mudbath but a lot has changed since then..perhaps SW and Sisto need to step aside so that we can hear something new?
flc
13/7/2021
21:06
Stephen1946 on the other thread has gone from bull to bear as he does on a daily basis.

Does that make him a bipolar bear?

Sorry, i'll get my coat ...

nick2412
13/7/2021
20:57
They can’t stand that holders can actually hold for exits.

Still hold all mine ready for DA exit etc

still waiting
13/7/2021
20:51
FLC

Your comments regarding SW are so out of context and also very unpalatable.
It was fully down to SW that I bought 3.6 million TERN @ sub 3p some 4 years ago.
Still Waiting runs an excellent thread with a selection of knowledgeable contributors.

You are not one of them!
.

mudbath
13/7/2021
20:39
To be honest SW, you've got everything wrong so far so let posters with tangible research put their point forward. Someone on this board mentioned 'life changing gains'..spare a thought for those that were suckered in at c30p who may now be suffering life changing losses...reckless and embarrassing.
flc
13/7/2021
20:39
______________________________________________________

Ouzo Time! - TERN plc Fully Funded With £5 million Cash in Bank
______________________________________________________


See the offspring of our filtered bluey sponsors have landed tonight.

Even TW alias FLC and support act Ellipses

Comedy gold.

ebomber
13/7/2021
20:34
That gets rid of the elephant in the room which the trolls were thriving on. A funding was inevitable and it strengthens Tern's hand going forward. Discount is acceptable and minimal dilution but it provides solidity and no distraction going forwards from the exciting prospects in the Tern portfolio.

Yes there will be a small temporary drop but there will be plenty of buyers as well as closure of positions by Spreadex clients where 44% who hold a position are short plus clients of other providers with short CFD and spreadbet positions..

Two snippets struck me as interesting and bullish in the RNS :-

"to provide a strong negotiating position in relation to its portfolio companies"

Is this a reference to a DA exit or an IPO and partial exit for DA or FVR?

Al Sisto, CEO of Tern, commented on the Fundraise:

"As an investment company it is important that Tern is able to continue to support the growth of its portfolio companies, particularly at a time when they are seeing significant market opportunities"

nick2412
13/7/2021
20:30
Might be a small window for you to buy but won’t last long .
still waiting
Chat Pages: Latest  13234  13233  13232  13231  13230  13229  13228  13227  13226  13225  13224  13223  Older
Your Recent History
LSE
TERN
Tern
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20221129 22:24:21