Business
Tern Plc : Statement re Issue of Convertible Un...
Tern Plc : Statement re Issue of Convertible Un....
About this update from Tern Plc
[{"type":"text","content":"\n Tern Plc : Statement re Issue of Convertible Unsecured Loan Notes9 January 2018Tern Plc (the \"Company\")Issue of Convertible Unsecured Loan NotesTern Plc (AIM: TERN), the investment company specialising in the Internet of Things (\"IoT\"), announces that it has issued the second tranche of Convertible Loan Notes totalling £550,000 pursuant to the Convertible Unsecured Loan Note facility, the terms of which were announced on 30 November 2017. The Company will continue to allocate funds towards maintaining its current position in its portfolio companies and for general working capital. This second tranche of loan notes follows the additional loan made to Tern's portfolio company, Device Authority Limited (\"DA\"), as announced on 28 December 2017, and the decision to maintain the Company's 50% holding in InVMA Limited (\"InVMA\"), a key strategic partner for DA, as announced on 19 December 2017. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014Enquiries Tern PlcAl Sisto/Sarah Payne via Redleaf WH Ireland(NOMAD and joint broker)Mike Coe/Ed Allsopp Tel: 0117 945 3470 Whitman Howard(Joint broker)Nick Lovering/Francis North Tel: 020 7659 1234 Redleaf CommunicationsElisabeth Cowell/ Fiona Norman/ Alina Haritonova Tel: 020 7382 4730 This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: Tern Plc via Globenewswire\n \n ","length":3608,"tagName":"div"}]