RE: Investor call11 Nov 2020 10:16
Last time *(see below from the RNS) 20th July, with the portfolio update came the dilution news and market value almost halved as the share price tumbled from 11p to 5.5p. It took a while to get back to its old sp only to bring down again with the latest portfolio update without future finance.
When will the next surprise dilution at the cut down price be announced?
*20th July 2020
Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), announces that it has raised £1.5 million before expenses through a subscription of 17,647,058 new ordinary shares of 0.02p each (the "Subscription Shares") at a price of 8.5 pence per new ordinary share (the "Issue Price") (the "Subscription"), conditional upon admission to AIM.
Application will be made for the 17,647,058 Subscription Shares to be admitted to AIM ("Admission") and it is expected that Admission will take place and trading in the Subscription Shares will commence on 24 July 2020.
31 July 20
Total Voting Rights
Following the issue of new ordinary shares of 0.02p each in the Company ("Ordinary Shares") pursuant to the subscription announced on 20 July 2020, the Company is today providing a confirmation regarding its voting rights, in line with section DTR 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules sourcebook.
As of the date of this announcement, being the last business day in a calendar month during which an increase in the Company's voting rights has occurred, the Company's issued ordinary share capital consists of 300,999,434 Ordinary Shares, with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 300,999,434.
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