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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.85 | 2.70 | 3.00 | 2.85 | 2.85 | 2.85 | 1,063,534 | 07:31:42 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 66k | -10.45M | -0.0269 | -1.06 | 11.07M |
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TIDMTERN
31 October 2017
Tern Plc (AIM: TERN)
Update on Device Authority Limited Fundraise
Further to the announcement of 29 September 2017, Tern Plc (AIM:TERN),
the investment company specialising in the Internet of Things ("IoT"),
announces an update on the fundraising activity of its investee company,
Device Authority Limited ("Device Authority").
The fundraising with US Capital Partners (www.uscapitalpartners.net),
which commenced on 28 September 2017, is underway. As previously
announced, the minimum total subscription to be accepted by Device
Authority through the private placement will be US$2.5 million ("First
Close"), this was initially expected to complete during October 2017.
The total potential fundraising has 120 days to complete and a further
announcement will be made when the First Close has been achieved.
This announcement includes inside information as defined in Article 7 of
the Market Abuse Regulation No. 596/2014 and is disclosed in accordance
with the Company's obligations under Article 17 of those obligations.
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
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
October 31, 2017 03:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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