Tern PLC - Investment company specialising in supporting early-stage internet of things technology businesses - Signs loan facility agreement of up to £3.0 million with unnamed investor, which will be available for up to 36 months. Says the facility provides an initial drawdown of £500,000, which it has already drawn down, with further drawdowns subject to the conditions of the facility. Terms include a monthly interest rate of 1.0%, starting from the date of the drawdown.

Current stock price: 5.43 pence, up 14% on Monday

12-month change: down 52%

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