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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | -1.35% | 3.65 | 3.50 | 3.80 | 3.70 | 3.65 | 3.70 | 594,790 | 08:35:51 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 66k | -10.45M | -0.0269 | -1.36 | 14.18M |
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TIDMTERN
9 January 2018
Tern Plc (the "Company")
Issue of Convertible Unsecured Loan Notes
Tern Plc (AIM: TERN), the investment company specialising in the
Internet of Things ("IoT"), announces that it has issued the second
tranche of Convertible Loan Notes totalling GBP550,000 pursuant to the
Convertible Unsecured Loan Note facility, the terms of which were
announced on 30 November 2017.
The Company will continue to allocate funds towards maintaining its
current position in its portfolio companies and for general working
capital. This second tranche of loan notes follows the additional loan
made to Tern's portfolio company, Device Authority Limited ("DA"), as
announced on 28 December 2017, and the decision to maintain the
Company's 50% holding in InVMA Limited ("InVMA"), a key strategic
partner for DA, as announced on 19 December 2017.
This announcement contains inside information for the purposes of
Article 7 of EU Regulation 596/2014
Enquiries
Tern Plc via Redleaf
Al Sisto/Sarah Payne
WH Ireland Tel: 0117 945 3470
(NOMAD and joint broker)
Mike Coe/Ed Allsopp
Whitman Howard Tel: 020 7659 1234
(Joint broker)
Nick Lovering/Francis North
Redleaf Communications Tel: 020 7382 4730
Elisabeth Cowell/ Fiona Norman/ Alina Haritonova
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
January 09, 2018 02:00 ET (07:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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