REG - Tern PLC - Extension of Loan Facility Term

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RNS Number : 2335Z  Tern PLC  15 September 2025

15 September 2025

 

Tern Plc

 

("Tern" or the "Company")

 

Extension of Loan Facility Term

 

Tern Plc (AIM:TERN), the investment company specialising in supporting high
growth, early-stage, disruptive Internet of Things ("IoT") technology
businesses, announces that in order to assist with the preservation of the
Company's cash resources and to enable the Company to have greater negotiating
flexibility in relation to the possible capital requirements of its
investments, the repayment date of the loan facility agreement originally
announced on 12 June 2023 (the "Loan") and subsequently varied, as announced
on 4 September 2024, has, following approval by the Loan provider, been
extended from 15 September 2025 to 5 March 2026.

 

Approximately £150,000 remains outstanding under the Loan and this amount
plus accrued interest at a rate of 1.00% per calendar month will be repayable
by the Company on or before 5 March 2026.

 

Enquiries

 

 Tern Plc                                                       via IFC Advisory

 Jane McCracken (Interim Non-Executive Chair)

 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)

 Tim Metcalfe

 Graham Herring

 Florence Staton

 

 

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