RNS Number : 9763U
Tern PLC
29 November 2023
 

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

 

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