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Pin to quick picksTern Share News (TERN)

Share Price Information for Tern (TERN)

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Share Price: 3.50
Bid: 3.30
Ask: 3.70
Change: 0.00 (0.00%)
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IN BRIEF: Tern raises GBP4.0 million in retail offer and subscription

Wed, 14th Jul 2021 14:31

Tern PLC - investor focused on the 'internet of things' - Successfully raises gross proceeds of GBP4.0 million via PrimaryBid fundraise. Says its oversubscribed retail offer raised GBP2.0 million for 10.6 million shares priced at 18.8 pence each. Plus GBP2.0 million from subscriptions of 10.7 million new shares at the same price. Awaits admission of 21.3 million new shares to London's AIM market by July 26, or up to August 4 at the latest.

Chief Executive Al Sisto says: "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."

Current stock price: 19.00p, down 15% on Wednesday afternoon

Year-to-date change: up sharply from 6.95p

By Scarlett Butler; scarlettbutler@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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15 Feb 2017 12:07

Tern's stake in investee company Device Authority reduced

(ShareCast News) - Shares in Tern are down more than 1% after its stake in investee company Device Authority Ltd was reduced as a non-executive director in that firm subscribed for preference shares. Device Authority non-executive director George Samenuk, former McAfee chairman and CEO, subscribed £

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19 Oct 2016 13:03

Tern puts another £2m into Device Authority

(ShareCast News) - Cloud and internet of things specialist Tern announced on Wednesday that it has invested £2m in Device Authority, as the lead investor in a £2.5m funding round. The AIM-traded firm described Device Authority as a "global leader" in policy and device-driven security for the interne

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7 Sep 2016 14:37

Tern's Device Authority partners with DigiCert

(ShareCast News) - Cloud and Internet of Things (IoT) specialist company Tern announced on Wednesday that its subsidiary, Device Authority, has entered a strategic partnership with DigiCert, a global provider of trusted identity and authentication solutions, to provide enhanced device provisioning a

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21 Jul 2016 14:27

Tern makes progress with Flexiant debtors

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19 Jul 2016 10:01

Tern Raises GBP525,000 In Share Placing (ALLISS)

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27 Jun 2016 10:43

Tern Shares Says Device Authority Expands And Secures Recognition

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24 Jun 2016 13:31

Tern acquires Flexiant business divisions

(ShareCast News) - Cloud and mobile sector investing company Tern announced on Friday that it has successfully completed the acquisition of the assets and businesses of the Research and Multi Cloud Management divisions of Flexiant. The AIM-traded firm said it partnered with Flexiscale Technology, wh

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9 Jun 2016 16:06

Tern celebrates success at Device authority

(ShareCast News) - Tern was celebrating success at one of its investee companies on Thursday, with policy and device driven security firm Device Authority named the UK's Most Innovative Small Cyber Security Company by techUK's Cyber Connect programme and the Department for Culture, Media and Sport.

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9 Jun 2016 08:32

Tern Says Flexiant Deal Will Not Proceed As Planned But Still In Talks

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26 May 2016 08:23

Tern Acquires Cloud Software Firm Flexiant In Shares (ALLISS)

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21 Apr 2016 07:42

Tern's Cryptosoft To Become Device Authority Following Acquisition

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1 Mar 2016 10:38

Tern Says Cryptosoft Teams Up With Symantec For Encryption Services

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19 Feb 2016 08:01

Tern Raises GBP1.1 Million To Invest In Existing Portfolio (ALLISS)

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Tern Says Cryptosoft Hires Dan McDuffie As Board Advisor

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Tern Loss Widens As It Books Higher Costs, Offsetting Revenue Rise

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