TERN PLC Tern PLC: Statement re: Share Price Movement

Transparency directive : regulatory news

13/06/2018 13:46




Tern PLC (TERN)


Tern PLC: Statement re: Share Price Movement

13-Jun-2018 / 12:46 GMT/BST


Dissemination of a Regulatory Announcement, transmitted by EQS Group.


The issuer is solely responsible for the content of this announcement.




13 June 2018



Tern Plc ("Tern" or the "Company")



Statement re: Share Price Movement



Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), notes the recent continuation of the rise in its share price and the Board confirms it knows of no reason for the price rise, save for the ongoing developments and collaborations previously announced.



As detailed in its portfolio announcement of 16 May 2018, the current aggregate balance sheet valuation of Tern's investments is approximately £11 million.  Following Tern's most recent fundraising on 14 May 2018, which raised £700,000 at a price of 18.5 pence per share, and the subsequent investment in FundamentalVR and loan to Device Authority,  the cash position of Tern as of 12 June 2018 is £1.49m. 



Further announcements will be made as and when required in accordance with the AIM Rules.



 



 



Enquiries






























Tern Plc



Via Redleaf Communications



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 3757 6880



Elisabeth Cowell/Fiona Norman



 


 
































ISIN: GB00BFPMV798
Category Code: STR - Share Price Movement
TIDM: TERN
LEI Code: 2138005F87SODHL9CQ36
Sequence No.: 5642
EQS News ID: 695039





 
End of Announcement EQS News Service








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