Tern PLC - London-based investor focused on internet-of-things technology companies - Says the subscription period for its TO4 warrants has completed. Around 91% of the outstanding TO4 warrants were exercised, providing SEK6.4 million, £500,000, to Wyld Network AB. As previously announced, Tern has exercised 245,699 TO4 warrants to subscribe for 245,699 shares in Wyld Networks at SEK1.83 per share for a total cost of around £33,400. Following Tern’s exercise of the warrants, the company holds 4.1 million shares in Wyld Networks, representing around 20% of its issued share capital.

Current stock price: 3.50 pence per share, up 2.0% in London on Friday afternoon

12-month change: down 22%

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