Business
Additional Investment in InVMA
Additional Investment in InVMA.
About this update from Tern Plc
[{"type":"text","content":"\n \nTern PLC (TERN)Tern PLC: Additional Investment in InVMA10-Jul-2018 / 07:00 GMT/BSTDissemination of a Regulatory Announcement, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n10 July 2018\n\nTern Plc (AIM: TERN)\n\n \n\nAdditional Investment in InVMA\n\n \n\nTern Plc (AIM:TERN), the investment company specialising in the Internet of Things (\"IoT\"), is pleased to announce that it has made an additional investment of £375,000 into InVMA Limited (\"InVMA\"), one of its existing portfolio companies.\n\n \n\nIn line with the announcement dated 25 September 2017 and as a result of InVMA having met certain sales milestones, Tern has completed its investment of £1 million in InVMA in order to maintain its 50% holding. \n\n \n\nInVMA, which is a leading user and partner to ThingWorx, PTC's IOT platform and a key strategic partner for Tern's portfolio company Device Authority Limited, has had positive performance since Tern made its initial investment into the InVMA. InVMA recently announced that it had entered into a new contract with ESAB Limited. Additionally, InVMA developed the ClarityTM platform on behalf of GCE Healthcare, which was launched to the market on 3 May 2018. \n\n \n\nBruce Leith, Business Development Director for Tern, said:\n\n \n\n\"We're delighted to announce our follow-on funding for InVMA. Having recently announced a new contract, we remain confident of InVMA's future prospects, and are pleased to continue to support the company and its management team.\"\n\n \n\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014\n\n \n\nEnquiries\n\n \n\n\n Tern Plc\n\n Al Sisto/Sarah Payne\n \n \n Via Redleaf Communications\n \n \n  \n\n WH Ireland\n\n (NOMAD and joint broker)\n\n Mike Coe/Ed Allsopp\n \n \n  \n\n Tel: 0117 945 3470\n \n \n  \n\n Whitman Howard\n\n (Joint broker)\n\n Nick Lovering/Francis North\n \n \n  \n\n Tel: 020 7659 1234\n \n \n  \n\n Redleaf Communications\n\n Elisabeth Cowell/Fiona Norman\n \n \n  \n\n Tel: 020 3757 6880\n \n  \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nISIN:\n\tGB00BFPMV798\nCategory Code:\n\tMSCH\nTIDM:\n\tTERN\nLEI Code:\n\t2138005F87SODHL9CQ36\nSequence No.:\n\t5732\nEQS News ID:\n\t70292...