Business
Konektio update
Konektio update.
About this update from Tern Plc
[{"type":"text","content":"\n\n29 November 2023\n \nTern Plc\n(\"Tern\" or the \"Company\")\n \nKonektio update\n \nFurther 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\").\n \nTern 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.\n \nTern will provide a further update in relation to its holding in Konektio at the appropriate time.\n \nEnquiries\n \n\n\n\n\nTern Plc\nIan Ritchie (Chairman)\n\n\nvia IFC Advisory\n\n\n\n\n \nAllenby Capital Limited\n(Nominated Adviser and Broker)\nAlex Brearley / Dan Dearden-Williams (Corporate Finance)\nKelly Gardiner / Guy McDougall (Sales and Corporate Broking)\n\n\n \nTel: 0203 328 5656\n\n\n\n\n \nIFC Advisory\n(Financial PR and IR)\nTim Metcalfe\nGraham Herring\nFlorence Chandler\n\n\n \nTel: 0203 934 6630\[email protected]\n\n\n\n\n \n\n","length":4056,"tagName":"div"}]