Tern PLC Konektio update (9763U)
November 29 2023 - 2:00AM
UK Regulatory
TIDMTERN
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 Konektio(TM)
("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 via IFC Advisory
Ian Ritchie (Chairman)
Allenby Capital Limited Tel: 0203 328 5656
(Nominated Adviser and Broker)
Alex Brearley / Dan Dearden-Williams
(Corporate Finance)
Kelly Gardiner / Guy McDougall (Sales
and Corporate Broking)
IFC Advisory Tel: 0203 934 6630
(Financial PR and IR) tern@investor-focus.co.uk
Tim Metcalfe
Graham Herring
Florence Chandler
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