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

Fri, 19th Feb 2016 08:01

LONDON (Alliance News) - Technology investing company Tern PLC on Friday said it has raised GBP1.1 million through a share placing to provide additional financing to its existing portfolio.

Tern issued 9.2 million shares at 12.0 pence per share to raise the funds. The company's shares closed at 13.5p on Thursday.

The funds will be used to funds its existing portfolio, particular its security software firm Cryptosoft Ltd.

Angus Forrest, Tern's chairman, took part in the placing, but 83,333 shares. Directors Al Sisto and Bruce Leith also bought the same number of shares in the placing.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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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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Tern celebrates success at Device authority

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Tern Acquires Cloud Software Firm Flexiant In Shares (ALLISS)

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Tern's Cryptosoft To Become Device Authority Following Acquisition

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Tern Says Cryptosoft Teams Up With Symantec For Encryption Services

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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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