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Thursday, 1 February 2018

Tern Plc : Statement re Device Authority Fundraising Update

     

Published: 08:00 CET 01-02-2018 /GlobeNewswire /Source: Tern Plc / : TERN /ISIN: GB00BFPMV798

Tern Plc : Statement re Device Authority Fundraising Update

1 February 2018

 

Tern Plc (AIM: TERN)

 

Device Authority Fundraising Update

 

 

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), wishes to provide clarification regarding the Device Authority fundraise.

 

The Board would like to highlight that the 120-day period for the DA fundraising, disclosed in the announcement released on 29 September 2017, ends on 22 February 2018.  Previously the end date had not been given and we hope that this announcement clarifies the timeframe.  However, it is important to note that the agreement automatically renews on a monthly basis. The fundraise has continued to receive positive interest and the Board does not expect to make any further announcements in relation to the DA fundraising until the fundraising closes.

 

 

Enquiries

Tern Plc

Al Sisto/Sarah Payne

via Redleaf Communications

 

WH Ireland

(NOMAD and joint broker)

Mike Coe/Ed Allsopp

 

Tel: 0117 945 3470

 

Whitman Howard

(Joint broker)

Nick Lovering/Francis North

 

Tel: 020 7659 1234

 

Redleaf Communications

Elisabeth Cowell/Fiona Norman/Alina Haritonova

 

Tel: 020 7382 4730

 

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Tern Plc, 20 Eastbourne Terrace, London W2 6LG, UK
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