Last checked at 29 Nov 2023 07:00
29 November 2023
Tern Plc
("Tern" or the "Company")
Konektio? update
Further to the Company's announcement on 8 November 2023, Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, provides an update in relation to its holding in InVMA Limited, which trades as KonektioTM ("Konektio").
Tern confirms that 75% of Tern's holding in Konektio has now been transferred to a valueless class of Konektio deferred shares, as was described in the Company's announcements of 8 November 2023 and 21 November 2023. Additionally, Bruce Leith has stepped down from the board of Konektio as Tern's representative.
Tern will provide a further update in relation to its holding in Konektio at the appropriate time.
Enquiries
Tern Plc Ian Ritchie (Chairman) | via IFC Advisory |
Allenby Capital Limited (Nominated Adviser and Broker) Alex Brearley / Dan Dearden-Williams (Corporate Finance) Kelly Gardiner / Guy McDougall (Sales and Corporate Broking) |
Tel: 0203 328 5656 |
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Florence Chandler |
Tel: 0203 934 6630 tern@investor-focus.co.uk |