REG - Tern PLC - Konektio update

TernAnnouncement

29/11/2023 07:00

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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 (mailto:tern@investor-focus.co.uk)

 Tim Metcalfe

 Graham Herring

 Florence Chandler

 

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